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1340 Keoncrest Ave San Jose, CA 95110

3 Beds 1 Baths 1,241 sqft Built 1947

$950,000

List Price

$3,130

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1947
  • Price/Sqft : $765.51
  • 2 Days on Market
  • MLS # : ML81822352
  • Updated Date : 12/05/2020 at 14:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,241 sqft
  • Baths : 1 full
Listing Agent

Exit Realty Keystone

Listing Agent's Description

Rare Rosegarden Charmer! Now is your opportunity to call this sought-after neighborhood YOUR neighborhood. Nice updates and there is room for you to add your own touches. Bright home with dual paned windows, hardwood floors, quaint kitchen and an oh-so-private yard! Walk to restaurants and LightRail.

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: Rosemary Garden

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $282k1220k

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

Neighborhood: Rosemary Garden

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $11953804

* 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
Bachrodt Elementary School Primary Magnet 700 35 3
Burnett Middle School Middle Magnet 877 45 3
Abraham Lincoln High School High Regular 1,851 79 7

Bachrodt Elementary School

  • Education Level: Primary
  • # of students: 700
  • # of teachers: 35
3
GreatSchools Rating

Burnett Middle School

  • Education Level: Middle
  • # of students: 877
  • # of teachers: 45
3
GreatSchools Rating

Abraham Lincoln High School

  • Education Level: High
  • # of students: 1,851
  • # of teachers: 79
7
GreatSchools Rating
 

$855,000$1,045,000$950,000

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$3,505
Property Tax -$1,061
Property Insurance -$57
Property Management Fees -$129
CASH FLOW
-$1,622

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.

$950,000

PROJECTED PRICE

$3,130

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.6%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

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$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$71

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
  • $3,152

    COMP ESTIMATED VALUE
  • $2.54

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1003$3,2494$3,500
$3,500
RENT COMPS ANALYSIS
  • 1340 Keoncrest Ave San Jose, CA 1
    • 3 beds 1 baths ∙ 1,241 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,241 Sqft ∙ Built 1947
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1385 San Juan Ave San Jose, CA 2
    • 3 beds 1 baths ∙ 1,134 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,134 Sqft ∙ Built 1948
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.73
    •  
  • 130 Ferrari Ave San Jose, CA 3
    • 4 beds 2 baths ∙ 1,316 Sqft ∙ Built 1948 4 beds 2 baths ∙ 1,316 Sqft ∙ Built 1948
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,249
    • $2.47
    •  
  • 522 N 20th St San Jose, CA 4
    • 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1950
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.42
    •  
PROPERTY LISTING DETAILS
Dorothy Coulter
Exit Realty Keystone
BESbswy