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1245 Wooded Hills Dr San Jose, CA 95120

4 Beds 3 Baths 2,098 sqft Built 1966

$1,800,000

List Price

$4,680

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $857.96
  • 74 Days on Market
  • MLS # : ML81812517
  • Updated Date : 12/05/2020 at 11:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,098 sqft
  • Baths : 3 full
Listing Agent

Keller Williams San Jose Gateway

Listing Agent's Description

Custom home in the Almaden Golf & Country Club area. Original owner. Will need some tender TLC. Custom designed home is at the end of a quiet cul-de-sac in the Almaden Valley Hills. Extra-large driveway with pavers. Just step out to your private deck from your master bedroom and see some amazing views. 600 SF (not included in the square footage), finished basement with a separate entrance. The 12' pitched ceiling is covered with solid pine wood. Tesla Solar is included and is fully paid - a $50,000 value. Expansive 11,124 SF lot., You will find yourself surrounded by nature! Come and take a look.

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: Almaden Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600k1700kPrice in $380k1761k

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

Neighborhood: Almaden Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2200022002400260028003000320034003600380040004200440046004800Rent in $19074813

* 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
Williams Elementary School Primary Regular 688 23 9
Bret Harte Middle School Middle Regular 1,215 52 8
Leland High School High Regular 1,784 71 9

Williams Elementary School

  • Education Level: Primary
  • # of students: 688
  • # of teachers: 23
9
GreatSchools Rating

Bret Harte Middle School

  • Education Level: Middle
  • # of students: 1,215
  • # of teachers: 52
8
GreatSchools Rating

Leland High School

  • Education Level: High
  • # of students: 1,784
  • # of teachers: 71
9
GreatSchools Rating
 

$1,620,000$1,980,000$1,800,000

PURCHASE PRICE

$4,212$5,148$4,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,680
EXPENSES Loan Payment -$6,641
Property Tax -$2,010
Property Insurance -$78
Property Management Fees -$183
CASH FLOW
-$4,231

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.

$1,800,000

PROJECTED PRICE

$4,680

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.0%
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$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M

PROJECTED ANNUAL CASH FLOW

11530-$70k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$482,750

INVESTMENT

$482,750

Down Payment
$450,000
Rehab Estimate
$5,750
Closing Costs
$27,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,641

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $450,000
Loan Amount $1,350,000
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$196

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,680

    LIST RENT
  • $2.23

    LIST RENT PER SQFT
  • $4,888

    COMP ESTIMATED VALUE
  • $2.33

    COMP AVG. RENT PER SQFT
Comps Range
$4,100
1$4,1002$4,6803$4,8504$6,200
$6,200
RENT COMPS ANALYSIS
  • 1245 Wooded Hills Dr San Jose, CA 2
    • 4 beds 3 baths ∙ 2,098 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,098 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $4,680
    • $2.23
    •  
  • 1014 Redmond Ct San Jose, CA 1
    • 4 beds 3 baths ∙ 2,139 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,139 Sqft ∙ Built 1967
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.92
    •  
  • 1251 Olive Branch Ln San Jose, CA 3
    • 4 beds 3 baths ∙ 2,151 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,151 Sqft ∙ Built 1968
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,850
    • $2.25
    •  
  • 6691 Crystal Springs Dr San Jose, CA 4
    • 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 1968
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,200
    • $2.82
    •  
PROPERTY LISTING DETAILS
Donna Castillo
Keller Williams San Jose Gateway
BESbswy