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1235 Hillsdale Ave San Jose, CA 95118

3 Beds 2 Baths 1,176 sqft Built 1956

$979,888

List Price

$3,400

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1956
  • Price/Sqft : $833.24
  • 2 Days on Market
  • MLS # : ML81818581
  • Updated Date : 11/02/2020 at 21:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,176 sqft
  • Baths : 2 full
Listing Agent

Bayview Residential Brokerage

Listing Agent's Description

Charming 3 bdrms/2 bthrms home in the Cambrian area. Spacious living room with fireplace, huge kitchen (room for an island), granite countertop, plenty of cabinets, upgraded master bathroom, tile flooring throughout living room, new paint inside, copper plumbing, recessed lighting, NEST thermostat, security system, water softening & filtration (owned). Spacious Backyard with Gazebo (stays), solar lights, great for entertaining. Close proximity to major HWYS 85, 87 and Silicon Valley tech companies.

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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: 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
 

$881,899$1,077,877$979,888

PURCHASE PRICE

$3,060$3,740$3,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,400
EXPENSES Loan Payment -$3,615
Property Tax -$1,094
Property Insurance -$56
Property Management Fees -$133
CASH FLOW
-$1,498

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.

$979,888

PROJECTED PRICE

$3,400

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.0%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$265,420

INVESTMENT

$265,420

Down Payment
$244,972
Rehab Estimate
$5,750
Closing Costs
$14,698

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,615

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $244,972
Loan Amount $734,916
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$382

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,400

    LIST RENT
  • $2.89

    LIST RENT PER SQFT
  • $3,422

    COMP ESTIMATED VALUE
  • $2.91

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,4953$3,7004$3,9505$4,000
$4,000
RENT COMPS ANALYSIS
  • 1235 Hillsdale Ave San Jose, CA 1
    • 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.89
    •  
  • 5085 Wayland Ave San Jose, CA 2
    • 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1965
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $2.94
    •  
  • 1520 Willowmont Ave San Jose, CA 3
    • 4 beds 2 baths ∙ 1,233 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,233 Sqft ∙ Built 1958
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $3.00
    •  
  • 1462 Revere Ave San Jose, CA 4
    • 4 beds 2 baths ∙ 1,363 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,363 Sqft ∙ Built 1956
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.90
    •  
  • 1514 San Joaquin Ave San Jose, CA 5
    • 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1954 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1954
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.80
    •  
PROPERTY LISTING DETAILS
Asmaa Egal-wallace
Bayview Residential Brokerage
BESbswy