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

128 Ayer Ave San Jose, CA 95110

2 Beds 2 Baths 1,419 sqft Built 1940

$1,100,000

List Price

$3,470

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1940
  • Price/Sqft : $775.19
  • 5 Days on Market
  • MLS # : ML81820749
  • Updated Date : 11/18/2020 at 15:43
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,419 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Classic Mediterranean bungalow in fabulous Vendome neighborhood. Beautifully updated with top quality materials, this gorgeous home has all the wonderful features of pre WWII construction including hardwood floors & plaster walls. Batchelder handmade tiles in the stunning fireplace surround add charm to the spacious living room. The functional kitchen offers a Viking range and built in refrigerator and cheery breakfast alcove. The front patio facing a treelined street is perfect for socializing with neighbors walking in a friendly ambiance reminiscent of a simpler time. One bedroom has a recently remodeled ensuite bath. Second bedroom opens to a charming rear garden. The roomy hall bath, tiled in vintage tile has both stall shower and separate tub. A partial basement waits to be made into an office, home gym or wine cellar. It's hard to find a more convenient location Close to light rail, Japantown & Coleman Market Center. Easy access to airport and major freeways.

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: Ryland

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $329k1220k

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

Neighborhood: Ryland

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $11053804

* 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
Grant Elementary School Primary Regular 587 25 3
Burnett Middle School Middle Magnet 877 45 3
Abraham Lincoln High School High Regular 1,851 79 7

Grant Elementary School

  • Education Level: Primary
  • # of students: 587
  • # of teachers: 25
3
GreatSchools Rating

Burnett Middle School

  • Education Level: Middle
  • # of students: 877
  • # of teachers: 45
3
GreatSchools Rating

Abraham Lincoln High School

  • Education Level: High
  • # of students: 1,851
  • # of teachers: 79
7
GreatSchools Rating
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,123$3,817$3,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,470
EXPENSES Loan Payment -$4,059
Property Tax -$1,228
Property Insurance -$61
Property Management Fees -$135
CASH FLOW
-$2,013

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.

$1,100,000

PROJECTED PRICE

$3,470

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.6%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

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$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$46

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
  • $4,002

    COMP ESTIMATED VALUE
  • $2.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,680
$3,680
RENT COMPS ANALYSIS
  • 128 Ayer Ave San Jose, CA 1
    • 2 beds 2 baths ∙ 1,419 Sqft ∙ Built 1940 2 beds 2 baths ∙ 1,419 Sqft ∙ Built 1940
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9 Jackson San Jose, CA 2
    • 2 beds 2 baths ∙ 1,304 Sqft ∙ Built 1947 2 beds 2 baths ∙ 1,304 Sqft ∙ Built 1947
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,680
    • $2.82
    •  
PROPERTY LISTING DETAILS
Suzanne Wehde
Coldwell Banker Realty
BESbswy