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116 Seawell Ct San Jose, CA 95138

4 Beds 3 Baths 1,987 sqft Built 1979

$974,900

List Price

$3,730

$3.5K - $4K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $490.64
  • 3 Days on Market
  • MLS # : ML81822300
  • Updated Date : 12/05/2020 at 10:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,987 sqft
  • Baths : 2 full , 1 half
Listing Agent

American Realty

Listing Agent's Description

Located in a desirable Silver Leaf family friendly neighborhood on a cul-de-sac. This 1987 Sq. feet 4 bed 3 bath (downstairs half bath converted to full bath) house offers Living / dining room combo, kitchen has cherry wood cabinets, Granite countertop with a large garden window. The family room w/fireplace has room for informal dining. The wide staircase is equipped with a chair lift. Also has indoor laundry room. Back yard has covered patio area with Lots of fruit trees and 3 storage sheds and solar panels on the roof. Please be respectful and follow COVID-19 protocol.

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: Silver Leaf

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $362k1220k

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

Neighborhood: Silver Leaf

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17853804

* 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
Bernal Intermediate School Middle Regular 807 36 7
Oak Grove High School High Magnet 1,903 78 6

Bernal Intermediate School

  • Education Level: Middle
  • # of students: 807
  • # of teachers: 36
7
GreatSchools Rating

Oak Grove High School

  • Education Level: High
  • # of students: 1,903
  • # of teachers: 78
6
GreatSchools Rating
 

$877,410$1,072,390$974,900

PURCHASE PRICE

$3,357$4,103$3,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,730
EXPENSES Loan Payment -$3,597
Property Tax -$1,180
Property Insurance -$75
Property Management Fees -$145
CASH FLOW
-$1,268

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.

$974,900

PROJECTED PRICE

$3,730

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.4%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$264,099

INVESTMENT

$264,099

Down Payment
$243,725
Rehab Estimate
$5,750
Closing Costs
$14,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,597

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $243,725
Loan Amount $731,175
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$2,382

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,730

    LIST RENT
  • $1.88

    LIST RENT PER SQFT
  • $3,989

    COMP ESTIMATED VALUE
  • $2.01

    COMP AVG. RENT PER SQFT
Comps Range
$3,195
1$3,1952$3,4493$3,5504$3,7305$4,495
$4,495
RENT COMPS ANALYSIS
  • 116 Seawell Ct San Jose, CA 4
    • 4 beds 3 baths ∙ 1,987 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,987 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,730
    • $1.88
    •  
  • 195 Fairway Glen Ln San Jose, CA 1
    • 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1971 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1971
    property image
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.93
    •  
  • 636 Autumn Meadow Dr San Jose, CA 2
    • 3 beds 4 baths ∙ 1,793 Sqft ∙ Built 1995 3 beds 4 baths ∙ 1,793 Sqft ∙ Built 1995
    property image
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,449
    • $1.92
    •  
  • 436 Knollcrest Ave San Jose, CA 3
    • 3 beds 3 baths ∙ 1,653 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,653 Sqft ∙ Built 1997
    property image
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $2.15
    •  
  • 363 El Portal Way San Jose, CA 5
    • 5 beds 3 baths ∙ 2,215 Sqft ∙ Built 1972 5 beds 3 baths ∙ 2,215 Sqft ∙ Built 1972
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,495
    • $2.03
    •  
PROPERTY LISTING DETAILS
Ali Haider
American Realty
BESbswy