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1176 Shamrock Dr Campbell, CA 95008

3 Beds 2 Baths 1,200 sqft Built 1949

$1,420,000

List Price

$3,310

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1949
  • Price/Sqft : $1,183.33
  • 2 Days on Market
  • MLS # : ML81818527
  • Updated Date : 11/02/2020 at 14:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,200 sqft
  • Baths : 2 full
Listing Agent

Estatemind Realty

Listing Agent's Description

Beautiful remodeled home!!! CAMPBELL!!!New Kitchen include new appliances GE range and dishwasher, microwave, garbage disposal, this house is a total remodeled!! new plumbing and insolation!! with a second house in the back for in laws or income property, or for a big family with new kitchen and appliances, new bathrooms!!!! You must come and see it!!!

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: West Cambrian

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $373k1380k

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

Neighborhood: West Cambrian

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2180020002200240026002800300032003400360038004000Rent in $16374100

* 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
Farnham Elementary School Primary Regular 535 21 7
Price Middle School Middle Regular 1,102 43 7
Branham High School High Regular 1,468 62 9

Farnham Elementary School

  • Education Level: Primary
  • # of students: 535
  • # of teachers: 21
7
GreatSchools Rating

Price Middle School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 43
7
GreatSchools Rating

Branham High School

  • Education Level: High
  • # of students: 1,468
  • # of teachers: 62
9
GreatSchools Rating
 

$1,278,000$1,562,000$1,420,000

PURCHASE PRICE

$2,979$3,641$3,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,310
EXPENSES Loan Payment -$5,239
Property Tax -$1,583
Property Insurance -$56
Property Management Fees -$129
CASH FLOW
-$3,697

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.

$1,420,000

PROJECTED PRICE

$3,310

PROJECTED RENT

0.23%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.2%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$382,050

INVESTMENT

$382,050

Down Payment
$355,000
Rehab Estimate
$5,750
Closing Costs
$21,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,239

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $355,000
Loan Amount $1,065,000
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$267

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,310

    LIST RENT
  • $2.76

    LIST RENT PER SQFT
  • $3,402

    COMP ESTIMATED VALUE
  • $2.84

    COMP AVG. RENT PER SQFT
Comps Range
$3,310
1$3,3102$3,4003$3,8004$3,8005$4,200
$4,200
RENT COMPS ANALYSIS
  • 1176 Shamrock Dr Campbell, CA 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1949
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,310
    • $2.76
    •  
  • 2302 New Jersey Ave San Jose, CA 2
    • 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 1963
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.81
    •  
  • 2154 Casa Mia Dr San Jose, CA 3
    • 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1956
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.66
    •  
  • 4217 Jan Way San Jose, CA 4
    • 3 beds 2 baths ∙ 1,271 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,271 Sqft ∙ Built 1963
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.99
    •  
  • 4547 Tomrick Ave San Jose, CA 5
    • 4 beds 2 baths ∙ 1,457 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,457 Sqft ∙ Built 1965
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.88
    •  
PROPERTY LISTING DETAILS
Agnerina Loera
Estatemind Realty
BESbswy