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

1139 Keltner Ave San Jose, CA 95117

4 Beds 3 Baths 2,048 sqft Built 1958

$1,599,000

List Price

$4,190

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $780.76
  • 3 Days on Market
  • MLS # : ML81822969
  • Updated Date : 12/12/2020 at 19:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,048 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

Functional 4/3 plus office all on one level! Meticulously expanded and remodeled within past 10 years, in quiet street, spacious bright open, high ceiling, new flooring, fresh paint, recessed lights and crown molding through out, dp window, 2 suites, ---

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Starbird

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $307k1332k

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

Neighborhood: Starbird

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2180020002200240026002800300032003400360038004000Rent in $17834026

* 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
Anderson Elementary School Primary Regular 492 22 6
Moreland Middle School Middle Regular 1,027 40 7
Prospect High School High Regular 1,343 60 8

Anderson Elementary School

  • Education Level: Primary
  • # of students: 492
  • # of teachers: 22
6
GreatSchools Rating

Moreland Middle School

  • Education Level: Middle
  • # of students: 1,027
  • # of teachers: 40
7
GreatSchools Rating

Prospect High School

  • Education Level: High
  • # of students: 1,343
  • # of teachers: 60
8
GreatSchools Rating
 

$1,439,100$1,758,900$1,599,000

PURCHASE PRICE

$3,771$4,609$4,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,190
EXPENSES Loan Payment -$5,900
Property Tax -$1,855
Property Insurance -$77
Property Management Fees -$163
CASH FLOW
-$3,804

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$1,599,000

PROJECTED PRICE

$4,190

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.84%
Appreciation Year (1-5) 13.8%
Maintenance Year (1-5) 8.00%
Vacancy 4.28%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M

PROJECTED ANNUAL CASH FLOW

11530-$60k-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$429,485

INVESTMENT

$429,485

Down Payment
$399,750
Rehab Estimate
$5,750
Closing Costs
$23,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$5,900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $399,750
Loan Amount $1,199,250
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$181

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $4,495

    COMP ESTIMATED VALUE
  • $2.2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,1883$4,600
$4,600
RENT COMPS ANALYSIS
  • 1139 Keltner Ave San Jose, CA 1
    • 4 beds 3 baths ∙ 2,048 Sqft ∙ Built 1958 4 beds 3 baths ∙ 2,048 Sqft ∙ Built 1958
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1211 Spruance St San Jose, CA 2
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1978
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,188
    • $2.09
    •  
  • 909 Del Monte Pl San Jose, CA 3
    • 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 1962 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 1962
    property image
    LEASED 12/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $2.30
    •  
PROPERTY LISTING DETAILS
Larry Liu
Compass
BESbswy