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139 Ayer Ln Milpitas, CA 95035

4 Beds 3 Baths 2,025 sqft Built 1997

INVESTimate

$1,099,999

List Price

$3,890

$3,640 - $4,140

Rent Est.

$1,240,359  ( +12.76%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $543.21
  • 6 Days on Market
  • MLS # : ML81807302
  • Updated Date : 08/22/2020 at 10:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,025 sqft
  • Baths : 2 full , 1 half
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Wow... Check Out This Light & Bright SFH with 4 Bedrooms & 2.5 Baths. Living room with Hardwood Laminate. Kitchen with Wood Cabinets and Tile Counter Top. Build-in Appliances with Electric Stove Top. Walkin Pantry Area for all your Essential Needs. Family Room with Gas Starter Fireplace. Separate Dining Area. 1/2 Bath with Tile Flooring located Downstairs. Perfect for your guests. All Bedrooms are located Upstairs with Laundry Room. Master Bath with Tile Flooring. Shower Over Tub in Hall Bath. Central AC & Heating. Newer Water Heater in Garage.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Northeastern Milpitas

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1220k

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

Neighborhood: Northeastern Milpitas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17313804

* 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
William Burnett Elementary School Primary Regular 659 25 7
Rancho Milpitas Middle School Middle Regular 714 30 8
Milpitas High School High Regular 3,105 117 9

William Burnett Elementary School

  • Education Level: Primary
  • # of students: 659
  • # of teachers: 25
7
GreatSchools Rating

Rancho Milpitas Middle School

  • Education Level: Middle
  • # of students: 714
  • # of teachers: 30
8
GreatSchools Rating

Milpitas High School

  • Education Level: High
  • # of students: 3,105
  • # of teachers: 117
9
GreatSchools Rating
 

$989,999$1,209,999$1,099,999

PURCHASE PRICE

$3,501$4,279$3,890

RENT

DOWN PAYMENT
FINANCING

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$10k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,890
EXPENSES Loan Payment -$4,059
Property Tax -$1,094
Property Insurance -$76
HOA -$75
Property Management Fees -$152
CASH FLOW
-$1,565

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.

$1,099,999

PROJECTED PRICE

$3,890

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.76%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $275,000
Loan Amount $824,999
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$1,230

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,890

    LIST RENT
  • $1.92

    LIST RENT PER SQFT
  • $4,101

    COMP ESTIMATED VALUE
  • $2.03

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$3,8503$3,890
$3,890
RENT COMPS ANALYSIS
  • 139 Ayer Ln Milpitas, 3
    • 4 beds 3 baths ∙ 2,025 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,025 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,890
    • $1.92
    •  
  • 275 Woodruff Way Milpitas, 1
    • 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1991
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.17
    •  
  • 759 Claridad Loop Milpitas, 2
    • 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 2006
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.88
    •  
PROPERTY LISTING DETAILS
Elaine Lam
Intero Real Estate Services
BESbswy