Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1130 Sage Hill Dr Gilroy, CA 95020

3 Beds 3 Baths 1,689 sqft Built 1998

$797,000

List Price

$3,160

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $471.88
  • 4 Days on Market
  • MLS # : ML81825838
  • Updated Date : 01/16/2021 at 18:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,689 sqft
  • Baths : 2 full , 1 half
Listing Agent

Tera Real Estate

Listing Agent's Description

Beautiful and spacious two story floor plan with abundant natural light and soaring ceilings. Ideal for entertaining. Entire interior repainted in December 2020. Recently installed premium luxury vinyl plank flooring throughout. Large kitchen with garden window over sink, upgraded gas range and newer dishwasher, breakfast nook as well as Corian counters and maple cabinets. Spacious master suite with generous natural light, upgraded bathroom, roomy jacuzzi tub, walk-in closet, high ceilings. Inside laundry room downstairs. Backyard has large lawn area, planting areas for home garden. Large side yard and several fruit trees. Schools within walking distance. Floorplan included in photos.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 95020

ZipNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $346k1220k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 95020

ZipNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $16443804

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Luigi Aprea Elementary School Primary Regular 729 28 7
Ascencion Solorsano Middle School Middle Regular 853 28 6
Christopher High School High Regular 1,889 80 7

Luigi Aprea Elementary School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 28
7
GreatSchools Rating

Ascencion Solorsano Middle School

  • Education Level: Middle
  • # of students: 853
  • # of teachers: 28
6
GreatSchools Rating

Christopher High School

  • Education Level: High
  • # of students: 1,889
  • # of teachers: 80
7
GreatSchools Rating
 

$717,300$876,700$797,000

PURCHASE PRICE

$2,844$3,476$3,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,160
EXPENSES Loan Payment -$2,768
Property Tax -$812
Property Insurance -$68
Property Management Fees -$129
CASH FLOW
-$618

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.

$797,000

PROJECTED PRICE

$3,160

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$216,955

INVESTMENT

$216,955

Down Payment
$199,250
Rehab Estimate
$5,750
Closing Costs
$11,955

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,768

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,250
Loan Amount $597,750
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$13,674

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,160

    LIST RENT
  • $1.87

    LIST RENT PER SQFT
  • $3,353

    COMP ESTIMATED VALUE
  • $1.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,0003$3,1004$3,1605$3,200
$3,200
RENT COMPS ANALYSIS
  • 1130 Sage Hill Dr Gilroy, CA 4
    • 3 beds 3 baths ∙ 1,689 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,689 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,160
    • $1.87
    •  
  • 220 Chappell Ct Gilroy, CA 1
    • 3 beds 3 baths ∙ 1,360 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,360 Sqft ∙ Built 1997
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.10
    •  
  • 8880 Carnation Ln Gilroy, CA 2
    • 4 beds 3 baths ∙ 1,428 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,428 Sqft ∙ Built 1997
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.10
    •  
  • 590 Eden St Gilroy, CA 3
    • 4 beds 3 baths ∙ 1,814 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,814 Sqft ∙ Built 1996
    property image
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.71
    •  
  • 7820 Ponderosa Dr Gilroy, CA 5
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1988
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.03
    •  
PROPERTY LISTING DETAILS
Earle Makin
Tera Real Estate
BESbswy