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1192 Foley Ave Santa Clara, CA 95051

3 Beds 2 Baths 1,645 sqft Built 1956

INVESTimate

$1,349,000

List Price

$3,960

$3,710 - $4,210

Rent Est.

$1,548,247  ( +14.77%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1956
  • Price/Sqft : $820.06
  • 5 Days on Market
  • MLS # : ML81807350
  • Updated Date : 08/25/2020 at 15:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,645 sqft
  • Baths : 2 full
Listing Agent

Bailey Properties

Listing Agent's Description

NOW is your opportunity to own this sweet & special home in a quiet neighborhood. You'll love the versatility & VALUE of the 3 bedroom/2 bath home WITH an extra room for an in-home office for virtual meetings! Start your day by sipping your coffee or tea on the covered front porch & enjoy the lovely landscaped yard. Then imagine ending your day by retreating through the french doors to the serene back yard surrounded by fruit trees to enjoy your own private peaceful sauna! You'll be glad to know your new oasis is updated with newer plumbing, hardwood floors, recessed lighting, granite counters, Stainless appliances and an extra large Master! Stroll to the gorgeous Central Park & Beautiful International Swim Center. Excellent Santa Clara Schools, easy freeway access & minutes to Googleplex, Apple and NVidia! "In the middle of difficulty lies Opportunity" -Albert Einstein

SEE MORE

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 West Central

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $369k1665k

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

Neighborhood: Santa Clara West Central

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000Rent in $10054493

* 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
Central Park Elementary School Primary Regular NA
Cabrillo Middle School Middle Regular 851 43 6
Santa Clara High School High Regular 1,911 82 7

Central Park Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Cabrillo Middle School

  • Education Level: Middle
  • # of students: 851
  • # of teachers: 43
6
GreatSchools Rating

Santa Clara High School

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

$1,214,100$1,483,900$1,349,000

PURCHASE PRICE

$3,564$4,356$3,960

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-$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 $3,960
EXPENSES Loan Payment -$4,977
Property Tax -$1,303
Property Insurance -$67
Property Management Fees -$154
CASH FLOW
-$2,541

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.

$1,349,000

PROJECTED PRICE

$3,960

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.77%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$363,235

INVESTMENT

$363,235

Down Payment
$337,250
Rehab Estimate
$5,750
Closing Costs
$20,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$4,977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $337,250
Loan Amount $1,011,750
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$36

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,960

    LIST RENT
  • $2.41

    LIST RENT PER SQFT
  • $4,075

    COMP ESTIMATED VALUE
  • $2.48

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,5003$3,7904$3,9605$4,500
$4,500
RENT COMPS ANALYSIS
  • 1192 Foley Ave Santa Clara, 4
    • 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $3,960
    • $2.41
    •  
  • 2474 Poett Ln Santa Clara, 1
    • 3 beds 3 baths ∙ 1,350 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,350 Sqft ∙ Built 1972
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.44
    •  
  • 2512 Roblar Ln Santa Clara, 2
    • 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, 3
    • 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
    •  
  • 536 Barto St Santa Clara, 5
    • 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 1963
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.56
    •  
PROPERTY LISTING DETAILS
Stacey Mitchell
Bailey Properties
BESbswy