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1409 Meadow Glen Way San Jose, CA 95121

4 Beds 2 Baths 1,478 sqft Built 1974

$950,000

List Price

$3,260

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $642.76
  • 2 Days on Market
  • MLS # : ML81820333
  • Updated Date : 11/14/2020 at 09:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,478 sqft
  • Baths : 2 full
Listing Agent

The House You Want

Listing Agent's Description

Updated spacious and bright 4 bedrooms 2 bathrooms home in the charming Silver Creek Area. Featuring updated kitchen and bathrooms with stainless steel appliances, quartz countertop, laminate and tile flooring. Spacious backyards with many fruit tress. Conveniently located near schools, freeway 101, shopping centers and park. Must see to appreciate. Don't let this opportunity pass you by.

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: Dovehill

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $307k1220k

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

Neighborhood: Dovehill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17833804

* 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
Dove Hill Elementary School Primary Regular 529 20 4
Dove Hill Elementary School Middle Regular 529 20 4
Silver Creek High School High Magnet 2,465 93 9

Dove Hill Elementary School

  • Education Level: Primary
  • # of students: 529
  • # of teachers: 20
4
GreatSchools Rating

Dove Hill Elementary School

  • Education Level: Middle
  • # of students: 529
  • # of teachers: 20
4
GreatSchools Rating

Silver Creek High School

  • Education Level: High
  • # of students: 2,465
  • # of teachers: 93
9
GreatSchools Rating
 

$855,000$1,045,000$950,000

PURCHASE PRICE

$2,934$3,586$3,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,260
EXPENSES Loan Payment -$3,505
Property Tax -$1,140
Property Insurance -$63
Property Management Fees -$129
CASH FLOW
-$1,577

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$950,000

PROJECTED PRICE

$3,260

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.84%
Appreciation Year (1-5) 8.3%
Maintenance Year (1-5) 8.00%
Vacancy 4.28%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$121

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
  • $3,257

    COMP ESTIMATED VALUE
  • $2.2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,7004$3,700
$3,700
RENT COMPS ANALYSIS
  • 1409 Meadow Glen Way San Jose, CA 1
    • 4 beds 2 baths ∙ 1,478 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,478 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3241 Rocky Water Ln San Jose, CA 2
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1984
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.02
    •  
  • 4504 Del Rey Ave San Jose, CA 3
    • 4 beds 2 baths ∙ 1,458 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,458 Sqft ∙ Built 1964
    LEASED 05/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.54
    •  
  • 2922 Whittington Dr San Jose, CA 4
    • 5 beds 2 baths ∙ 1,805 Sqft ∙ Built 1967 5 beds 2 baths ∙ 1,805 Sqft ∙ Built 1967
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.05
    •  
PROPERTY LISTING DETAILS
Tom Tran
The House You Want
BESbswy