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PROPERTY INFO
FACTS
- Single Family
- Built In 1939
- Price/Sqft : $954.36
- 2 Days on Market
- MLS # : ML81820340
- Updated Date : 11/14/2020 at 10:48
CONSTRUCTION
- Beds : 3
- Floor Size : 1,361 sqft
- Baths : 2 full
Listing Agent
Intero Real Estate Services
Listing Agent's Description
Amazing craftsmen home offering oasis with stunning resort like Pool with owned solar system, Outdoor Kitchen with Gas and in-law unit. This is the space youve been looking for. Crown Molding, Gourmet Kitchen with waterfall, Wall of Cabinets for extra storage, Stainless Steel Appliances, Copper Pipes, New Upgraded Electrical, Anderson Doors & Windows, Hardwood Floors, Remodeled Bathrooms and much more! Hyde Park Neighborhood with Tree Lined Street and a great neighborhood of long-time owners! This is one of the best commute locations in the South Bay with Light Rail just a couple of blocks over and easy access to Highways 87, 880 and 101. This home seriously has it all. No need to leave town to find this. This home is a hidden gem! Visit our Virtual open house this weekend and or schedule in person view. Dont miss our Matterport tour with drone video to know its definitely worth your attention and time!
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MARKET HIGHLIGHTS
- Palo Alto, Redwood City, Mountain View and San Mateo together attracted around $11 billion in venture capital funding in 2019 making Silicon Valley still attractive to technology investments (Crunchbase News, 2020)
- San Jose metro has 67.6% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
- San Jose metro's economy has been worth $282.2 billion in Gross Metro Product (GMP) in 2018 and is projected to grow to $298.6 billion in 2019. GMP measures the productivity of the metro. (USMayors.org, 2018)
- San Jose metro employment growth has been at 2.2% in 2018 and predicted to grow at 1.9% in 2019 (USMayors.org, 2018)
- San Jose metro contributes to 9% of California state's economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Hyde Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hyde Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,460 |
| EXPENSES | Loan Payment | -$4,792 |
| Property Tax | -$1,450 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$135 | |
|
CASH FLOW
-$2,978
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$1,298,888
PROJECTED PRICE
$3,460
PROJECTED RENT
0.27%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 9.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.19% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$349,955
LOAN DETAILS
$4,792
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $324,722 |
| Loan Amount | $974,166 |
-0.17
YEARS SAVED
-$112
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,460
LIST RENT -
$2.54
LIST RENT PER SQFT
-
$3,328
COMP ESTIMATED VALUE -
$2.45
COMP AVG. RENT PER SQFT
Comps Range
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1104 N 3rd St San Jose, CA 2
- 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1939 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1939
- Rent
- Rent Per SQFT
- $3,460
- $2.54
-
130 Ferrari Ave San Jose, CA 1
- 4 beds 2 baths ∙ 1,316 Sqft ∙ Built 1948 4 beds 2 baths ∙ 1,316 Sqft ∙ Built 1948
LEASED 04/01/20- Rent
- Rent Per SQFT
- $3,249
- $2.47
-
522 N 20th St San Jose, CA 3
- 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1950
LEASED 05/29/20- Rent
- Rent Per SQFT
- $3,500
- $2.42
PROPERTY LISTING DETAILS
Intero Real Estate Services
