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1142 Maryann Dr Santa Clara, CA 95050

4 Beds 2 Baths 1,810 sqft Built 1954

$1,599,950

List Price

$4,190

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $883.95
  • 3 Days on Market
  • MLS # : ML81823583
  • Updated Date : 12/18/2020 at 10:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,810 sqft
  • Baths : 2 full
Listing Agent

Home In Silicon Valley

Listing Agent's Description

New custom home rebuilt with Master Suite & Oversized garage addition. Designer features include Italian slate stamped driveway, solid steel front door, open floor plan concept facing private entertaining courtyard, massive center island with breakfast bar, stainless appliances, slab granite counters, custom white shaker cabinets, recessed lights, crown molding, laminate flooring, inside laundry, dual sink bathroom vanities, 10 foot ceilings in private master suite, walk in closet. Brand new, fully finished oversized garage with charging outlet ready for your Tesla/Electric vehicle. Large front and rear yards, parking for 8+ cars. Practical/energy efficient features include new: heating system, tankless water heater, dual paned windows, insulation, low flow water fixtures. Combine great schools, an amazing location, low cost reliable Santa Clara utilities with this new home and you'll recognize value you won't find elsewhere. Usher in the new year with this amazing home.

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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

Neighborhood: Santa Clara East Central

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $373k1373k

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

Neighborhood: Santa Clara East Central

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200340036003800Rent in $9363824

* 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
C. W. Haman Elementary School Primary Regular 392 15 7
Buchser Middle School Middle Regular 1,007 46 5
Santa Clara High School High Regular 1,911 82 7

C. W. Haman Elementary School

  • Education Level: Primary
  • # of students: 392
  • # of teachers: 15
7
GreatSchools Rating

Buchser Middle School

  • Education Level: Middle
  • # of students: 1,007
  • # of teachers: 46
5
GreatSchools Rating

Santa Clara High School

  • Education Level: High
  • # of students: 1,911
  • # of teachers: 82
7
GreatSchools Rating
 

$1,439,955$1,759,945$1,599,950

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 -$5,903
Property Tax -$1,545
Property Insurance -$71
Property Management Fees -$163
CASH FLOW
-$3,493

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.

$1,599,950

PROJECTED PRICE

$4,190

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.9%
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$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$429,737

INVESTMENT

$429,737

Down Payment
$399,988
Rehab Estimate
$5,750
Closing Costs
$23,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,903

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $399,988
Loan Amount $1,199,963
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$82

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,190

    LIST RENT
  • $2.31

    LIST RENT PER SQFT
  • $4,157

    COMP ESTIMATED VALUE
  • $2.3

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,7903$3,8004$4,190
$4,190
RENT COMPS ANALYSIS
  • 1142 Maryann Dr Santa Clara, CA 4
    • 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $4,190
    • $2.31
    •  
  • 2512 Roblar Ln Santa Clara, CA 1
    • 4 beds 3 baths ∙ 1,506 Sqft ∙ Built 1972 4 beds 3 baths ∙ 1,506 Sqft ∙ Built 1972
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.32
    •  
  • 962 Sunlite Dr Santa Clara, CA 2
    • 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1949
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,790
    • $2.59
    •  
  • 1818 Clay St Santa Clara, CA 3
    • 3 beds 2 baths ∙ 1,915 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,915 Sqft ∙ Built 1946
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.98
    •  
PROPERTY LISTING DETAILS
Armin J.r. Mckee
Home In Silicon Valley
BESbswy