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130 Belridge Dr Los Gatos, CA 95032

4 Beds 2 Baths 1,748 sqft Built 1965

INVESTimate

$1,780,000

List Price

$4,630

$4,380 - $4,880

Rent Est.

$1,954,618  ( +9.81%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1965
  • Price/Sqft : $1,018.31
  • 7 Days on Market
  • MLS # : ML81807031
  • Updated Date : 08/21/2020 at 17:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,748 sqft
  • Baths : 2 full
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Offering a country club-style lifestyle with access to the Belwood Neighborhood pool, pool house and bocce ball court, this ranch-style home offers a comfortable floor plan and wonderful, private outdoor space. A paver stone path and tranquil water feature precedes the classic exterior and inviting covered porch and entrance. Inside the home you will find gorgeous hardwood flooring, an open chefs kitchen with center island, and a large living room with access to the rear grounds. Entertaining is a breeze with flowing public rooms, while secluded bedrooms provide a welcoming retreat. Relax in the private rear yard with a large paver stone patio, lush lawn and terraced vineyard with the added bonus of no neighbors behind. All of this, with easy access to 17-acre Belgatos Park with 3+ miles of hiking trails, 10 minutes to downtown Los Gatos, and close to major commute routes.

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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: Belwood

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800kPrice in $411k1990k

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

Neighborhood: Belwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2200025003000350040004500500055006000Rent in $19076004

* 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
Noddin Elementary School Primary Regular 658 27 8
Union Middle School Middle Regular 976 40 9
Leigh High School High Magnet 1,665 73 9

Noddin Elementary School

  • Education Level: Primary
  • # of students: 658
  • # of teachers: 27
8
GreatSchools Rating

Union Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 40
9
GreatSchools Rating

Leigh High School

  • Education Level: High
  • # of students: 1,665
  • # of teachers: 73
9
GreatSchools Rating
 

$1,602,000$1,958,000$1,780,000

PURCHASE PRICE

$4,167$5,093$4,630

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,630
EXPENSES Loan Payment -$6,567
Property Tax -$1,971
Property Insurance -$69
HOA -$580
Property Management Fees -$181
CASH FLOW
-$4,738

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.

$1,780,000

PROJECTED PRICE

$4,630

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.81%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$477,450

INVESTMENT

$477,450

Down Payment
$445,000
Rehab Estimate
$5,750
Closing Costs
$26,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,567

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $445,000
Loan Amount $1,335,000
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$1,356

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,630

    LIST RENT
  • $2.65

    LIST RENT PER SQFT
  • $4,527

    COMP ESTIMATED VALUE
  • $2.59

    COMP AVG. RENT PER SQFT
Comps Range
$3,795
1$3,7952$3,8503$4,630
$4,630
RENT COMPS ANALYSIS
  • 130 Belridge Dr Los Gatos, 3
    • 4 beds 2 baths ∙ 1,748 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,748 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $4,630
    • $2.65
    •  
  • 1452 Ridgewood Dr San Jose, 1
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1959
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $2.51
    •  
  • 14815 Los Gatos-almaden Rd San Jose, 2
    • 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1947
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $2.67
    •  
PROPERTY LISTING DETAILS
Liz Blank
Intero Real Estate Services
BESbswy