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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $1,082.23
- 23 Days on Market
- MLS # : ML81821112
- Updated Date : 12/11/2020 at 18:17
CONSTRUCTION
- Beds : 4
- Floor Size : 1,847 sqft
- Baths : 3 full
Listing Agent
Reali
Listing Agent's Description
BIG PRICE REDUCTION! This is your chance to move into a single-family home in an exclusive enclave of traditional newer homes. Unlike many of the newer homes in the area, these homes have the 2 car garage in the front allowing a much more spacious property feel. Vaulted ceiling in the living room, great natural light, plantation shutters, a wonderful kitchen with movable island, all opening to a deck and lawn for outside entertaining. Perfect setup to work from home with downstairs home office/fourth bedroom. Upstairs is the spacious master suite and master bath with walk-in closet, plus two other big bedrooms with shared full bath. Recently painted inside, carpets about a year old. Garage door replaced two years ago. East access to Stevens Creek Trail - perfect for commuting to Google or downtown Mountain View - 10 min walk to Castro. It's your perfect chance to get in!
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: Willow Gate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Willow Gate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,610 |
| EXPENSES | Loan Payment | -$7,375 |
| Property Tax | -$2,076 | |
| Property Insurance | -$72 | |
| HOA | -$62 | |
| Property Management Fees | -$180 | |
|
CASH FLOW
-$5,154
|
||
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.
$1,998,888
PROJECTED PRICE
$4,610
PROJECTED RENT
0.23%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 13.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.40% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$535,455
LOAN DETAILS
$7,375
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $499,722 |
| Loan Amount | $1,499,166 |
-0.25
YEARS SAVED
-$354
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
-
$4,571
COMP ESTIMATED VALUE -
$2.48
COMP AVG. RENT PER SQFT
Comps Range
-
130 Plum Ct Mountain View, CA 1
- 4 beds 3 baths ∙ 1,847 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,847 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $0
- $0.00
-
120 Azalea Dr Mountain View, CA 2
- 3 beds 3 baths ∙ 1,844 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,844 Sqft ∙ Built 2008
LEASED 11/11/20- Rent
- Rent Per SQFT
- $3,995
- $2.17
-
241 Granada Dr Mountain View, CA 3
- 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 2007
LEASED 10/17/20- Rent
- Rent Per SQFT
- $4,500
- $2.50
-
926 Camille Ln Mountain View, CA 4
- 3 beds 4 baths ∙ 2,022 Sqft ∙ Built 1990 3 beds 4 baths ∙ 2,022 Sqft ∙ Built 1990
LEASED 11/13/20- Rent
- Rent Per SQFT
- $4,900
- $2.42
-
364 N Whisman Rd A Mountain View, CA 5
- 3 beds 3 baths ∙ 2,032 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,032 Sqft ∙ Built 1990
LEASED 05/14/20- Rent
- Rent Per SQFT
- $5,700
- $2.81
PROPERTY LISTING DETAILS
Reali
