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1169 Koch Ln San Jose, CA 95125

3 Beds 3 Baths 1,962 sqft Built 1957

INVESTimate

$1,649,000

List Price

$4,720

$4,470 - $4,970

Rent Est.

$1,829,895  ( +10.97%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1957
  • Price/Sqft : $840.47
  • 9 Days on Market
  • MLS # : ML81805157
  • Updated Date : 08/19/2020 at 09:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,962 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sereno Group

Listing Agent's Description

This stately abode sits majestically on a generous lot on a tree-lined street. Amble through the front door into the formal entry. Acres of fine hardwood floors pull the eyes in many directions. The galley kitchen is located to the left. Its light, bright & airy with white cabinets & white tile countertops. The dining area is conveniently located nearby, overlooking the family room; a venue lending itself to formal, as well as informal, dining. Step down into the family room. This room is generous in proportions & overlooks the large backyard. The vaulted, beamed ceiling adds to the open feeling. Step up to the living room. A substantial brick fireplace commands attention from all who enter this room. The sliding doors & numerous windows provide views of the backyard. All the bathrooms have been upgraded & feature vintage-style tilework. The backyard is the spot for entertaining! The ample deck overlooks the large pool & features a cabana providing shade on those warm afternoons.

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: Willow Glen South - Lincoln Glen

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: Willow Glen South - Lincoln Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $18854493

* 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
Schallenberger Elementary School Primary Regular 531 19 6
Willow Glen Middle School Middle Regular 1,259 57 6
Willow Glen High School High Regular 1,660 75 7

Schallenberger Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 19
6
GreatSchools Rating

Willow Glen Middle School

  • Education Level: Middle
  • # of students: 1,259
  • # of teachers: 57
6
GreatSchools Rating

Willow Glen High School

  • Education Level: High
  • # of students: 1,660
  • # of teachers: 75
7
GreatSchools Rating
 

$1,484,100$1,813,900$1,649,000

PURCHASE PRICE

$4,248$5,192$4,720

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,720
EXPENSES Loan Payment -$6,084
Property Tax -$1,841
Property Insurance -$74
Property Management Fees -$184
CASH FLOW
-$3,464

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.

$1,649,000

PROJECTED PRICE

$4,720

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.97%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$442,735

INVESTMENT

$442,735

Down Payment
$412,250
Rehab Estimate
$5,750
Closing Costs
$24,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,084

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $412,250
Loan Amount $1,236,750
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$68

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,720

    LIST RENT
  • $2.41

    LIST RENT PER SQFT
  • $4,755

    COMP ESTIMATED VALUE
  • $2.42

    COMP AVG. RENT PER SQFT
Comps Range
$3,650
1$3,6502$4,5003$4,7204$5,495
$5,495
RENT COMPS ANALYSIS
  • 1169 Koch Ln San Jose, 3
    • 3 beds 3 baths ∙ 1,962 Sqft ∙ Built 1957 3 beds 3 baths ∙ 1,962 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $4,720
    • $2.41
    •  
  • 2956 Aulin Dr San Jose, 1
    • 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1958 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1958
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $2.03
    •  
  • 1477 Husted Ave San Jose, 2
    • 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1951 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1951
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.33
    •  
  • 1599 Darlene Ave San Jose, 4
    • 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 1964
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,495
    • $2.91
    •  
PROPERTY LISTING DETAILS
Patrick Farnsworth
Sereno Group
BESbswy