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130 Plum Ct Mountain View, CA 94043

4 Beds 3 Baths 1,847 sqft Built 2000

$1,998,888

List Price

$4,610

$4.4K - $4.9K

Rent Est.

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

NeighborhoodNIR Market*CityMarket2010Year20002019400k600k800k1000k1200k1400k1600k1800kPrice in $331k1803k

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

Neighborhood: Willow Gate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000250030003500400045005000Rent in $15635183

* 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
Edith Landels Elementary School Primary Regular 538 22 8
Crittenden Middle School Middle Regular 603 31 6
Mountain View High School High Regular 1,836 95 9

Edith Landels Elementary School

  • Education Level: Primary
  • # of students: 538
  • # of teachers: 22
8
GreatSchools Rating

Crittenden Middle School

  • Education Level: Middle
  • # of students: 603
  • # of teachers: 31
6
GreatSchools Rating

Mountain View High School

  • Education Level: High
  • # of students: 1,836
  • # of teachers: 95
9
GreatSchools Rating
 

$1,798,999$2,198,777$1,998,888

PURCHASE PRICE

$4,149$5,071$4,610

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M$7.0M$8.0M

PROJECTED ANNUAL CASH FLOW

11530-$80k-$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$7.0M$8.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$535,455

INVESTMENT

$535,455

Down Payment
$499,722
Rehab Estimate
$5,750
Closing Costs
$29,983

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$7,375

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $499,722
Loan Amount $1,499,166
See What Happens When You Reinvest Cash Flow

-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
$0
1$02$3,9953$4,5004$4,9005$5,700
$5,700
RENT COMPS ANALYSIS
  • 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
John Nelson
Reali
BESbswy