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1383 Van Dusen Ln Campbell, CA 95008

4 Beds 4 Baths 3,478 sqft Built 1989

$1,999,888

List Price

$6,710

$6.5K - $7K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $575.01
  • 2 Days on Market
  • MLS # : ML81819616
  • Updated Date : 11/14/2020 at 11:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,478 sqft
  • Baths : 3 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Prime location at the end of a private Cul-de-Sac. Impeccable condition with so much sq footage for the buyer looking for a larger home. Formal floorplan with dining room, family room and living room. Downstairs bedroom currently configured as an office. Full bath and half bath downstairs. Upstairs loft landing could easily be a 5th bedroom. Tall ceilings downstairs with vaulted ceiling in all bedrooms upstairs. Enjoy the spacious kitchen with tons of cabinets and counterspace. Lots of room for guest parking as well as off road area for boat/RV parking. Easy access to major freeways, shopping and top ranked schools.

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: San Tomas

NeighborhoodNIR Market*CityMarket2010Year20002019500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $411k1665k

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

Neighborhood: San Tomas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800400042004400Rent in $17624493

* 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
Forest Hill Elementary School Primary Regular 632 29 9
Rolling Hills Middle School Middle Regular 985 45 7
Westmont High School High Regular 1,537 68 8

Forest Hill Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 29
9
GreatSchools Rating

Rolling Hills Middle School

  • Education Level: Middle
  • # of students: 985
  • # of teachers: 45
7
GreatSchools Rating

Westmont High School

  • Education Level: High
  • # of students: 1,537
  • # of teachers: 68
8
GreatSchools Rating
 

$1,799,899$2,199,877$1,999,888

PURCHASE PRICE

$6,039$7,381$6,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $6,710
EXPENSES Loan Payment -$7,379
Property Tax -$2,194
Property Insurance -$111
Property Management Fees -$262
CASH FLOW
-$3,235

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.

$1,999,888

PROJECTED PRICE

$6,710

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.8%
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$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M$7.0M$8.0M

PROJECTED ANNUAL CASH FLOW

11530-$60k-$50k-$40k-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M$7.0M$8.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$535,720

INVESTMENT

$535,720

Down Payment
$499,972
Rehab Estimate
$5,750
Closing Costs
$29,998

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$7,379

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $499,972
Loan Amount $1,499,916
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$320

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
  • $8,139

    COMP ESTIMATED VALUE
  • $2.34

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$7,950
$7,950
RENT COMPS ANALYSIS
  • 1383 Van Dusen Ln Campbell, CA 1
    • 4 beds 4 baths ∙ 3,478 Sqft ∙ Built 1989 4 beds 4 baths ∙ 3,478 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13810 Ravenwood Dr Saratoga, CA 2
    • 4 beds 4 baths ∙ 3,400 Sqft ∙ Built 1994 4 beds 4 baths ∙ 3,400 Sqft ∙ Built 1994
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,950
    • $2.34
    •  
PROPERTY LISTING DETAILS
The Locals
Compass
BESbswy