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14090 Candler Ave San Jose, CA 95127

4 Beds 2 Baths 1,154 sqft Built 1954

INVESTimate

$780,000

List Price

$3,070

$2,820 - $3,320

Rent Est.

$878,592  ( +12.64%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1954
  • Price/Sqft : $675.91
  • 9 Days on Market
  • MLS # : ML81806715
  • Updated Date : 08/24/2020 at 15:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,154 sqft
  • Baths : 2 full
Listing Agent

Tuscana Properties

Listing Agent's Description

Charming San Jose home with updated kitchen in great proximity to schools and parks. Additionally converted Garage to make it a 5 bedroom home. Backyard features almond, plum, avocado, cherry and pomegranate trees. The home is within walking distance to parks and shopping centers as well as a five minute drive to the beautiful Lake Cunningham Regional Park. This home has lots of potential and is great opportunity for the right buyer.

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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: Mt. Pleasant South

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $277k1220k

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

Neighborhood: Mt. Pleasant South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17573804

* 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
Mt. Pleasant High School High Regular 1,452 67 6

Mt. Pleasant High School

  • Education Level: High
  • # of students: 1,452
  • # of teachers: 67
6
GreatSchools Rating
 

$702,000$858,000$780,000

PURCHASE PRICE

$2,763$3,377$3,070

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

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$2,878
Property Tax -$945
Property Insurance -$55
Property Management Fees -$129
CASH FLOW
-$937

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.

$780,000

PROJECTED PRICE

$3,070

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.84%
Appreciation Year (1-5) 12.64%
Maintenance Year (1-5) 8.00%
Vacancy 4.28%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$212,450

INVESTMENT

$212,450

Down Payment
$195,000
Rehab Estimate
$5,750
Closing Costs
$11,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,878

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $195,000
Loan Amount $585,000
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$4,305

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,070

    LIST RENT
  • $2.66

    LIST RENT PER SQFT
  • $3,262

    COMP ESTIMATED VALUE
  • $2.83

    COMP AVG. RENT PER SQFT
Comps Range
$3,070
1$3,0702$3,4003$3,7504$3,800
$3,800
RENT COMPS ANALYSIS
  • 14090 Candler Ave San Jose, 1
    • 4 beds 2 baths ∙ 1,154 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,154 Sqft ∙ Built 1954
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,070
    • $2.66
    •  
  • 2674 Flintwood Ct San Jose, 2
    • 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1973
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.70
    •  
  • 1191 Tallahassee Dr San Jose, 3
    • 4 beds 2 baths ∙ 1,283 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,283 Sqft ∙ Built 1963
    property image
    LEASED 03/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $2.92
    •  
  • 1470 Mount Shasta Dr San Jose, 4
    • 4 beds 3 baths ∙ 1,328 Sqft ∙ Built 1959 4 beds 3 baths ∙ 1,328 Sqft ∙ Built 1959
    property image
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.86
    •  
PROPERTY LISTING DETAILS
The Jamison Team
Tuscana Properties
BESbswy