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132 Della Ct Campbell, CA 95008

3 Beds 4 Baths 1,581 sqft Built 1998

$1,368,888

List Price

$4,060

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $865.84
  • 5 Days on Market
  • MLS # : ML81818179
  • Updated Date : 11/02/2020 at 09:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,581 sqft
  • Baths : 3 full , 1 half
Listing Agent

Santana Real Estate

Listing Agent's Description

Welcome to 132 Della Court! Sophistication & elegance awaits you as you enter the enchanting front porch w ivy trellis, white picket fence, blooming foliage and various sitting benches for relaxation in the sun. As you enter, you will be greeted with an abundance of natural light, vaulted high ceilings, recess lighting and dramatic cozy fireplace in living room. Kitchen has all the bells and whistles with stainless appliances, gleaming granite. Dining area is super bright and leads to beautiful side court yard to enjoy morning lattes. Upstairs has 3 spacious en-suites w private bathrooms & plenty of sunlight. Master en-suite is Super size w retreat sitting area, vaulted high ceilings, walk-in closet and luxurious spacious shower. All this with central AC, electric car hookup in garage, real maple hardwood floors in living room, plantation shutters at all downstairs windows, new trim paint on exterior of house, inside stacked laundry room. Best location, bordering Saratoga!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: West Campbell

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $373k1402k

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

Neighborhood: West Campbell

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2180020002200240026002800300032003400360038004000Rent in $17054100

* 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
Baker Elementary School Primary Regular 722 30 7
Moreland Middle School Middle Regular 1,027 40 7
Prospect High School High Regular 1,343 60 8

Baker Elementary School

  • Education Level: Primary
  • # of students: 722
  • # of teachers: 30
7
GreatSchools Rating

Moreland Middle School

  • Education Level: Middle
  • # of students: 1,027
  • # of teachers: 40
7
GreatSchools Rating

Prospect High School

  • Education Level: High
  • # of students: 1,343
  • # of teachers: 60
8
GreatSchools Rating
 

$1,231,999$1,505,777$1,368,888

PURCHASE PRICE

$3,654$4,466$4,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,060
EXPENSES Loan Payment -$5,051
Property Tax -$1,532
Property Insurance -$65
HOA -$30
Property Management Fees -$158
CASH FLOW
-$2,776

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.

$1,368,888

PROJECTED PRICE

$4,060

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.2%
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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$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$368,505

INVESTMENT

$368,505

Down Payment
$342,222
Rehab Estimate
$5,750
Closing Costs
$20,533

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,051

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $342,222
Loan Amount $1,026,666
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$35

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,060

    LIST RENT
  • $2.57

    LIST RENT PER SQFT
  • $3,731

    COMP ESTIMATED VALUE
  • $2.36

    COMP AVG. RENT PER SQFT
Comps Range
$4,060
1$4,0602$4,100
$4,100
RENT COMPS ANALYSIS
  • 132 Della Ct Campbell, CA 1
    • 3 beds 4 baths ∙ 1,581 Sqft ∙ Built 1998 3 beds 4 baths ∙ 1,581 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $4,060
    • $2.57
    •  
  • Las Piedras Ct Los Gatos, CA 2
    • 3 beds 3 baths ∙ 1,739 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,739 Sqft ∙ Built 1979
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $2.36
    •  
PROPERTY LISTING DETAILS
Trisha Ho
Santana Real Estate
BESbswy