Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1276 Littleton Dr San Jose, CA 95131

4 Beds 3 Baths 1,578 sqft Built 1990

$1,280,000

List Price

$3,390

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $811.15
  • 4 Days on Market
  • MLS # : ML81822927
  • Updated Date : 12/11/2020 at 10:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,578 sqft
  • Baths : 2 full , 1 half
Listing Agent

Aez Investment, Inc.

Listing Agent's Description

Beautiful contemporary 4b2.5b single family home in booming Berryessa area! Bright and spacious living room with vaulted ceiling, arch windows and double doors! Brand new paintings and carpet! Easy access to 101, 880, 680, San Jose International Airport and Berryessa BART station, minutes drive to downtown San Jose and San Jose Municipal Golf Course, walking distance to upcoming Market Park shopping center (under construction, corner of Berryessa Road and Sierra Road, adjacent to Penitencia Creek Trail and two small projected parks ) and Townsend Park, Costco, 99 Ranch Market, H-Mart and Sprouts are all nearby. Berryessa BART Urban Village Plan and redevelopment of Flea Market are bringing in upside value to this desirable home, a must see!

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: Notting Hill - Royal Crest

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: Notting Hill - Royal Crest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800400042004400Rent in $17624493

* 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
Brooktree Elementary School Primary Regular 515 24 6
Morrill Middle School Middle Regular 729 33 7
Independence High School High Magnet 3,118 121 7

Brooktree Elementary School

  • Education Level: Primary
  • # of students: 515
  • # of teachers: 24
6
GreatSchools Rating

Morrill Middle School

  • Education Level: Middle
  • # of students: 729
  • # of teachers: 33
7
GreatSchools Rating

Independence High School

  • Education Level: High
  • # of students: 3,118
  • # of teachers: 121
7
GreatSchools Rating
 

$1,152,000$1,408,000$1,280,000

PURCHASE PRICE

$3,051$3,729$3,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,390
EXPENSES Loan Payment -$4,723
Property Tax -$1,496
Property Insurance -$65
Property Management Fees -$132
CASH FLOW
-$3,026

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.

$1,280,000

PROJECTED PRICE

$3,390

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$344,950

INVESTMENT

$344,950

Down Payment
$320,000
Rehab Estimate
$5,750
Closing Costs
$19,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,723

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $320,000
Loan Amount $960,000
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$143

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,357

    COMP ESTIMATED VALUE
  • $2.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$3,6004$3,7485$3,750
$3,750
RENT COMPS ANALYSIS
  • 1276 Littleton Dr San Jose, CA 1
    • 4 beds 3 baths ∙ 1,578 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,578 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1267 Hong Kong San Jose, CA 2
    • 3 beds 3 baths ∙ 1,719 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,719 Sqft ∙ Built 1992
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.04
    •  
  • 1256 Formosa Dr San Jose, CA 3
    • 3 beds 3 baths ∙ 1,666 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,666 Sqft ∙ Built 1995
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.16
    •  
  • 1631 Valley Crest Dr San Jose, CA 4
    • 4 beds 3 baths ∙ 1,828 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,828 Sqft ∙ Built 1987
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,748
    • $2.05
    •  
  • 1676 Lederer Cir San Jose, CA 5
    • 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 1986
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $2.26
    •  
PROPERTY LISTING DETAILS
Lucy Li
Aez Investment, Inc.
BESbswy