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1402 Courtyard Dr San Jose, CA 95118

4 Beds 2 Baths 1,673 sqft Built 1973

$1,349,000

List Price

$3,910

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $806.34
  • 4 Days on Market
  • MLS # : ML81818939
  • Updated Date : 11/05/2020 at 12:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,673 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Welcome to this inviting home with space for everyone! From the vaulted ceiling in the ample living room, to the remodeled kitchen that's opened up to a cozy family room, with a spacious island for preparing and enjoying that special meal. With four bedrooms - one of them could be set up for your home office. There's a relaxing spa set into a secluded deck. Additional amenities include: gleaming hardwood floors; the remodeled kitchen has a beverage frig built into the island, quartz top on the island, granite counter tops, Shaker cabinets with soft close doors and drawers, remote blinds, touchless faucet, recessed lighting in the kitchen and family room; remodeled baths with granite tub and shower enclosures; upgraded electrical system with an owned solar system; AC and heater replaced in 2015; a paver driveway with expanded parking, a wonderful backyard with a storage shed, and a very convenient location - this is the great place to call home!

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: Branham-Jarvis

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $373k1319k

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

Neighborhood: Branham-Jarvis

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17853923

* 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
Reed Elementary School Primary Regular 513 21 7
Muir Middle School Middle Regular 1,118 51 6
Pioneer High School High Regular 1,570 67 9

Reed Elementary School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 21
7
GreatSchools Rating

Muir Middle School

  • Education Level: Middle
  • # of students: 1,118
  • # of teachers: 51
6
GreatSchools Rating

Pioneer High School

  • Education Level: High
  • # of students: 1,570
  • # of teachers: 67
9
GreatSchools Rating
 

$1,214,100$1,483,900$1,349,000

PURCHASE PRICE

$3,519$4,301$3,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,910
EXPENSES Loan Payment -$4,977
Property Tax -$1,506
Property Insurance -$68
Property Management Fees -$152
CASH FLOW
-$2,794

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.

$1,349,000

PROJECTED PRICE

$3,910

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.4%
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-$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$363,235

INVESTMENT

$363,235

Down Payment
$337,250
Rehab Estimate
$5,750
Closing Costs
$20,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$4,977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $337,250
Loan Amount $1,011,750
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$41

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
  • $4,212

    COMP ESTIMATED VALUE
  • $2.52

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1953$3,7954$3,9505$4,000
$4,000
RENT COMPS ANALYSIS
  • 1402 Courtyard Dr San Jose, CA 1
    • 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1499 Hillsdale Ave San Jose, CA 2
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1960
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.86
    •  
  • 1452 Ridgewood Dr San Jose, CA 3
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1959
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $2.51
    •  
  • 1462 Revere Ave San Jose, CA 4
    • 4 beds 2 baths ∙ 1,363 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,363 Sqft ∙ Built 1956
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.90
    •  
  • 1514 San Joaquin Ave San Jose, CA 5
    • 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1954 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1954
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.80
    •  
PROPERTY LISTING DETAILS
Jim Hamilton
Compass
BESbswy