Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1349 Araujo Street San Jose, CA 95131

4 Beds 4 Baths 2,020 sqft Built 2020

$1,490,000

List Price

$3,530

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $737.62
  • 6 Days on Market
  • MLS # : BE40933293
  • Updated Date : 01/05/2021 at 16:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,020 sqft
  • Baths : 4 full
Listing Agent

Calres Realty

Listing Agent's Description

NEW CONSTRUCTION! Our only Plan B available! Araujo Villas is situated in the beautiful neighborhood of Berryessa in San Jose. The metropolitan City of San Jose is the 3rd most populous city in California. Surrounded by rolling hills in the heart of Silicon Valley, it is the place to be for its cultural, political, and economical background. With its booming tech industry, San Jose one of the most well known cities in the United States and the World. Araujo Villas is conveniently located within a mile away from the new BART/VTA station. Making your work day commute that much easier. It is designed with all modes of travel in mind, with a strong focus on the needs of bicyclists and pedestrians. The Station includes more than 180 bicycle parking paces in its bike facilities. Pedestrians may access the Station via the Upper Penitencia Creek Trail that as been extended from King Road.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Berryessa

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1220k

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

Neighborhood: Berryessa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2180020002200240026002800300032003400360038004000Rent in $17854095

* 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
Brooktree Elementary School Primary Regular 515 24 6
Morrill Middle School Middle Regular 729 33 7
Independence High School High Magnet 3,118 121 7

Brooktree Elementary School

  • Education Level: Primary
  • # of students: 515
  • # of teachers: 24
6
GreatSchools Rating

Morrill Middle School

  • Education Level: Middle
  • # of students: 729
  • # of teachers: 33
7
GreatSchools Rating

Independence High School

  • Education Level: High
  • # of students: 3,118
  • # of teachers: 121
7
GreatSchools Rating
 

$1,341,000$1,639,000$1,490,000

PURCHASE PRICE

$3,177$3,883$3,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,530
EXPENSES Loan Payment -$5,175
Property Tax -$1,741
Property Insurance -$76
HOA -$206
Property Management Fees -$138
CASH FLOW
-$3,806

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$1,490,000

PROJECTED PRICE

$3,530

PROJECTED RENT

0.24%

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) 3.00%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$396,850

INVESTMENT

$396,850

Down Payment
$372,500
Rehab Estimate
$2,000
Closing Costs
$22,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,175

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $372,500
Loan Amount $1,117,500
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$1,882

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
  • $3,853

    COMP ESTIMATED VALUE
  • $1.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3003$3,3954$4,0005$4,100
$4,100
RENT COMPS ANALYSIS
  • 1349 Araujo Street San Jose, CA 1
    • 4 beds 4 baths ∙ 2,020 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,020 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1139 White Peach Way San Jose, CA 2
    • 3 beds 4 baths ∙ 1,697 Sqft ∙ Built 2014 3 beds 4 baths ∙ 1,697 Sqft ∙ Built 2014
    property image
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.94
    •  
  • 1612 Salamoni Ct San Jose, CA 3
    • 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 2005
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.81
    •  
  • 1176 Mckay Dr San Jose, CA 4
    • 4 beds 4 baths ∙ 2,035 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,035 Sqft ∙ Built 2006
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.97
    •  
  • 1801 Bright Willow Cir San Jose, CA 5
    • 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 2005
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.91
    •  
PROPERTY LISTING DETAILS
Tina Qi
Calres Realty
BESbswy