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1155 Happy Valley Ave San Jose, CA 95129

3 Beds 3 Baths 1,770 sqft Built 1957

$1,798,000

List Price

$4,240

$4K - $4.5K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $1,015.82
  • 3 Days on Market
  • MLS # : ML81822284
  • Updated Date : 12/05/2020 at 09:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,770 sqft
  • Baths : 2 full , 1 half
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Welcome Home to 1155 Happy Valley Ave! In One of the Most Desired Neighborhoods in WSJ w/ Award Winning Schools, this Gorgeous Home Checks All the Boxes. On An Expansive Lot of 11K+, the Backyard Space is Amazing w/ Endless Possibilities for Expansion. Gleaming Hardwood Floors, Recessed Lights, Crown Molding, Formal Living Room with Numerous Large Windows. A Separate Family Room w/Vaulted Ceiling. Updated Kitchen w/ Quartz Counters, Designer Tile Backsplash & SS Appliances. Generously Sized Bedrooms. Primary Suite w/ Sliding Door Access to the Beautiful Backyard. Updated Bathrooms w/ Dual Vanity, Granite counters & Custom Tile Work. In-door Laundry w/Plenty of Cabinets & Counter Space. Electric Remote Controlled Side Gate w/ Room for Boat/RV Parking. New Roof, New Patio/Pavers. Multitude of Fruit Bearing Trees. Easy Commute to Silicon Valley's Major Companies & the New Apple Spaceship Campus. Close To Saratoga Creek Park, El Paseo & Westgate Shopping Centers. This is A MUST SEE!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Country Lane

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600k1700k1800kPrice in $380k1816k

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

Neighborhood: Country Lane

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $18644493

* 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
Country Lane Elementary School Primary Regular 684 29 7
Moreland Middle School Middle Regular 1,027 40 7
Prospect High School High Regular 1,343 60 8

Country Lane Elementary School

  • Education Level: Primary
  • # of students: 684
  • # of teachers: 29
7
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
 

$1,618,200$1,977,800$1,798,000

PURCHASE PRICE

$3,816$4,664$4,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,240
EXPENSES Loan Payment -$6,634
Property Tax -$2,085
Property Insurance -$70
Property Management Fees -$165
CASH FLOW
-$4,714

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.

$1,798,000

PROJECTED PRICE

$4,240

PROJECTED RENT

0.24%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
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$7.0M

PROJECTED ANNUAL CASH FLOW

11530-$70k-$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$7.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$482,220

INVESTMENT

$482,220

Down Payment
$449,500
Rehab Estimate
$5,750
Closing Costs
$26,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,634

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $449,500
Loan Amount $1,348,500
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$356

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,240

    LIST RENT
  • $2.4

    LIST RENT PER SQFT
  • $4,651

    COMP ESTIMATED VALUE
  • $2.63

    COMP AVG. RENT PER SQFT
Comps Range
$3,998
1$3,9982$4,0003$4,2404$4,3955$5,000
$5,000
RENT COMPS ANALYSIS
  • 1155 Happy Valley Ave San Jose, CA 3
    • 3 beds 3 baths ∙ 1,770 Sqft ∙ Built 1957 3 beds 3 baths ∙ 1,770 Sqft ∙ Built 1957
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,240
    • $2.40
    •  
  • 5009 Lassen Ave San Jose, CA 1
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1966
    property image
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,998
    • $2.55
    •  
  • 6108 Brigantine Dr San Jose, CA 2
    • 4 beds 3 baths ∙ 1,598 Sqft ∙ Built 1972 4 beds 3 baths ∙ 1,598 Sqft ∙ Built 1972
    property image
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.50
    •  
  • 4876 Springdale Dr San Jose, CA 4
    • 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1962
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,395
    • $2.76
    •  
  • 1394 Heckman Way San Jose, CA 5
    • 4 beds 3 baths ∙ 1,854 Sqft ∙ Built 1958 4 beds 3 baths ∙ 1,854 Sqft ∙ Built 1958
    property image
    LEASED 10/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.70
    •  
PROPERTY LISTING DETAILS
Andy Tse
Intero Real Estate Services
BESbswy