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

1354 Chertsey Ct San Jose, CA 95131

4 Beds 2 Baths 1,785 sqft Built 1971

$1,199,888

List Price

$3,520

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $672.21
  • 4 Days on Market
  • MLS # : CC40928193
  • Updated Date : 11/05/2020 at 16:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,785 sqft
  • Baths : 2 full
Listing Agent

Prominent Realty & Funding

Listing Agent's Description

1354 Chertsey Court is nestled within a quiet area in the Flickinger neighborhood, located in the heart of the South Bay. This home offers 4 bedrooms, 2 baths along with updated shaker cabinets and granite countertops. The home offers updated laminate flooring on the stairs, luscious carpets, dual paned windows, and modernized bathrooms. Additional features to the open floor plan include vaulted ceilings and recessed lighting. Closet space allows for ample storage indoors while the backyard shed provides space for items used less frequently. The backyard has two beautiful trees that provide plenty of shade during summer days and is ready for your personal touch. The home is located a short drive from downtown, Santana Row, flea market, diverse cuisines, shopping, schools, parks, and much more. Please visit https://show.tours/1354chertseyct for more info

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Jose metro has 67.6% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Flickinger South

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $363k1220k

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

Neighborhood: Flickinger South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17853804

* 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
Vinci Park Elementary School Primary Regular 627 27 8
Piedmont Middle School Middle Regular 875 33 6
Independence High School High Magnet 3,118 121 7

Vinci Park Elementary School

  • Education Level: Primary
  • # of students: 627
  • # of teachers: 27
8
GreatSchools Rating

Piedmont Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 33
6
GreatSchools Rating

Independence High School

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

$1,079,899$1,319,877$1,199,888

PURCHASE PRICE

$3,168$3,872$3,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,520
EXPENSES Loan Payment -$4,427
Property Tax -$1,402
Property Insurance -$70
Property Management Fees -$137
CASH FLOW
-$2,516

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.

$1,199,888

PROJECTED PRICE

$3,520

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.8%
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-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$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$323,720

INVESTMENT

$323,720

Down Payment
$299,972
Rehab Estimate
$5,750
Closing Costs
$17,998

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,427

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $299,972
Loan Amount $899,916
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$49

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,520

    LIST RENT
  • $1.97

    LIST RENT PER SQFT
  • $3,842

    COMP ESTIMATED VALUE
  • $2.15

    COMP AVG. RENT PER SQFT
Comps Range
$3,520
1$3,5202$3,7483$3,7504$3,8005$4,100
$4,100
RENT COMPS ANALYSIS
  • 1354 Chertsey Ct San Jose, CA 1
    • 4 beds 2 baths ∙ 1,785 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,785 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,520
    • $1.97
    •  
  • 1631 Valley Crest Dr San Jose, CA 2
    • 4 beds 3 baths ∙ 1,828 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,828 Sqft ∙ Built 1987
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,748
    • $2.05
    •  
  • 1676 Lederer Cir San Jose, CA 3
    • 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 1986
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $2.26
    •  
  • 1714 Seville Way San Jose, CA 4
    • 4 beds 2 baths ∙ 1,843 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,843 Sqft ∙ Built 1974
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.06
    •  
  • 1217 Pembroke Dr San Jose, CA 5
    • 4 beds 3 baths ∙ 1,831 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,831 Sqft ∙ Built 1971
    property image
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $2.24
    •  
PROPERTY LISTING DETAILS
Marek Grobelny
Prominent Realty & Funding
BESbswy