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14264 Mulberry Dr Los Gatos, CA 95032

4 Beds 3 Baths 2,368 sqft Built 1961

$1,999,000

List Price

$4,500

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $844.17
  • 20 Days on Market
  • MLS # : ML81823291
  • Updated Date : 01/01/2021 at 10:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,368 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bce And Associates

Listing Agent's Description

NEW YEAR, NEW PRICE. A must see. This home won't last long at this price. Have it all at the end of a Cul De Sac. Beautiful custom stamped driveway with plenty of parking for multiple cars, boats, or RV, and a large front yard area to enjoy, this home faces West for all day sun and light. Open space in the rear for privacy, walking your pet, or ? This home boasts near 2400 Sq. ft of perfectly laid out design. 4 large BR's and 2 1/2 BA with separate Living rm and Family rm on opposite ends of the house. The lrge Family rm at the back of the home has it's own entrance, and bathroom, to use as a Sports room, Kids playroom, daycare, entertainment area, or whatever you can imagine. Lrge Master B/R upstairs away from the main living area, with an amazing bathroom and a Large walk in closet. The rear yard has great privacy and is perf for entertaining, sun'g, bbq'g, garden'g, or just plain enjoying the outdoors. Unique additional back yard area for a dog run, batting cage, garden, or ??

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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: Rinconada

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800kPrice in $411k1990k

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

Neighborhood: Rinconada

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2200025003000350040004500500055006000Rent in $19076004

* 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
Marshall Lane Elementary School Primary Charter 575 24 9
Rolling Hills Middle School Middle Regular 985 45 7
Westmont High School High Regular 1,537 68 8

Marshall Lane Elementary School

  • Education Level: Primary
  • # of students: 575
  • # of teachers: 24
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
 

$1,799,100$2,198,900$1,999,000

PURCHASE PRICE

$4,050$4,950$4,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,500
EXPENSES Loan Payment -$7,375
Property Tax -$2,165
Property Insurance -$84
Property Management Fees -$176
CASH FLOW
-$5,300

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.

$1,999,000

PROJECTED PRICE

$4,500

PROJECTED RENT

0.23%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$80k-$70k-$60k-$50k-$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$6.0M$7.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$535,485

INVESTMENT

$535,485

Down Payment
$499,750
Rehab Estimate
$5,750
Closing Costs
$29,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$7,375

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $499,750
Loan Amount $1,499,250
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$407

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
  • $4,807

    COMP ESTIMATED VALUE
  • $2.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,4953$4,5004$5,5005$5,500
$5,500
RENT COMPS ANALYSIS
  • 14264 Mulberry Dr Los Gatos, CA 1
    • 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1961 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18530 Marshall Ln Saratoga, CA 2
    • 5 beds 3 baths ∙ 2,662 Sqft ∙ Built 1951 5 beds 3 baths ∙ 2,662 Sqft ∙ Built 1951
    LEASED 12/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,495
    • $1.69
    •  
  • 785 W Parr Ave Campbell, CA 3
    • 3 beds 3 baths ∙ 2,380 Sqft ∙ Built 1957 3 beds 3 baths ∙ 2,380 Sqft ∙ Built 1957
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.89
    •  
  • 116 Granada Way Los Gatos, CA 4
    • 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 1975
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.07
    •  
  • 111 Altura Vis Los Gatos, CA 5
    • 3 beds 3 baths ∙ 2,230 Sqft ∙ Built 1975 3 beds 3 baths ∙ 2,230 Sqft ∙ Built 1975
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.47
    •  
PROPERTY LISTING DETAILS
Greg Turnquist
Bce And Associates
BESbswy