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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $972.70
- 2 Days on Market
- MLS # : ML81822376
- Updated Date : 12/05/2020 at 11:50
CONSTRUCTION
- Beds : 3
- Floor Size : 1,839 sqft
- Baths : 2 full , 1 half
Listing Agent
Compass
Listing Agent's Description
Beautiful home, located in premier downtown Mountain View! A short walk to the famous Castro Street, featuring an abundance of restaurants (with plentiful outdoor dining), retail, the Mountain View Library, and year-round outdoor Farmers Market. This modern, upgraded home offers gigabit and fiber internet connection. Each and every room is wired with Cat5 Ethernet and cable jacks. A spacious living room with soaring 15' ceilings can also serve as an in-home office & workout area, perfect for sheltering in place! With 3 bd on the top floor, along with a convenient laundry room upstairs, no design idea was neglected! A dual zone heat/ac system efficiently keeps the home comfortable. You will love this corner unit as it allows for the largest sq ft possible, setting up a perfect wrap around porch and outdoor space to enjoy outdoors. Top schools, conveniently located near commute arteries and walking access to both VTA and Caltrain! Easy to show! https://tinyurl.com/yauvyc75
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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: Old Mountain View
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Old Mountain View
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,550 |
| EXPENSES | Loan Payment | -$6,600 |
| Property Tax | -$1,879 | |
| Property Insurance | -$72 | |
| HOA | -$248 | |
| Property Management Fees | -$177 | |
|
CASH FLOW
-$4,426
|
||
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.
$1,788,800
PROJECTED PRICE
$4,550
PROJECTED RENT
0.25%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 14.5% |
| 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
$479,782
LOAN DETAILS
$6,600
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $447,200 |
| Loan Amount | $1,341,600 |
-0.25
YEARS SAVED
-$267
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$4,561
COMP ESTIMATED VALUE -
$2.48
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 11/11/20- Rent
- Rent Per SQFT
- $3,995
- $2.17
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LEASED 12/01/20- Rent
- Rent Per SQFT
- $4,288
- $2.52
-
926 Camille Ln Mountain View, CA 4
- 3 beds 4 baths ∙ 2,022 Sqft ∙ Built 2000 3 beds 4 baths ∙ 2,022 Sqft ∙ Built 2000
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LEASED 12/05/20- Rent
- Rent Per SQFT
- $4,900
- $2.42
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![property image]()
LEASED 05/14/20- Rent
- Rent Per SQFT
- $5,700
- $2.81
PROPERTY LISTING DETAILS
Compass
