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1336 Bird Ave San Jose, CA 95125

2 Beds 2 Baths 1,510 sqft Built 1940

$1,099,950

List Price

$3,580

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1940
  • Price/Sqft : $728.44
  • 6 Days on Market
  • MLS # : ML81818089
  • Updated Date : 11/02/2020 at 13:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,510 sqft
  • Baths : 2 full
Listing Agent

Kw Bay Area Estates

Listing Agent's Description

Relisted with NEW repairs! Don't miss this charming Willow Glen home beautifully renovated over the years including a finished basement, perfect for work or home-learning environment. Elegant details throughout the home including gorgeous refinished hardwood floors, arched doorways, gas fireplace, crown moulding and more. Double-glazed Lincoln wood windows allow warm natural light to flow through. Kitchen and dining area are perfect to entertain with stainless appliances, stunning maple cabinets and granite counters with an island to complete this beautiful look. Master bedroom has large walk-in closet & French door access to the backyard redwood deck. Master bath features a relaxing jetted tub, dual sink vanity and private shower stall. Single detached garage has added storage. Outside are mature plants & succulents. Amazing vicinity to local shopping center, a short stroll to Willow Glen's famous "The Avenue"; wonderful local schools & nearby parks, train and multiple freeways!

SEE MORE

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: Willow Glen

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: Willow Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800400042004400Rent in $17044573

* 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
Willow Glen Elementary School Primary Regular 803 28 5
Willow Glen Middle School Middle Regular 1,259 57 6
Willow Glen High School High Regular 1,660 75 7

Willow Glen Elementary School

  • Education Level: Primary
  • # of students: 803
  • # of teachers: 28
5
GreatSchools Rating

Willow Glen Middle School

  • Education Level: Middle
  • # of students: 1,259
  • # of teachers: 57
6
GreatSchools Rating

Willow Glen High School

  • Education Level: High
  • # of students: 1,660
  • # of teachers: 75
7
GreatSchools Rating
 

$989,955$1,209,945$1,099,950

PURCHASE PRICE

$3,222$3,938$3,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,580
EXPENSES Loan Payment -$4,058
Property Tax -$1,228
Property Insurance -$64
Property Management Fees -$140
CASH FLOW
-$1,910

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.

$1,099,950

PROJECTED PRICE

$3,580

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.0%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,237

INVESTMENT

$297,237

Down Payment
$274,988
Rehab Estimate
$5,750
Closing Costs
$16,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,058

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $274,988
Loan Amount $824,963
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$63

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,580

    LIST RENT
  • $2.37

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$3,580
1$3,580
$3,580
RENT COMPS ANALYSIS
  • 1336 Bird Ave San Jose, CA
    • 2 beds 2 baths ∙ 1,510 Sqft ∙ Built 1940 2 beds 2 baths ∙ 1,510 Sqft ∙ Built 1940
    • Rent
    • Rent Per SQFT
    •  
    • $3,580
    • $2.37
    •  
PROPERTY LISTING DETAILS
Jim Myrick
Kw Bay Area Estates
BESbswy