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14288 Capri Dr Los Gatos, CA 95032

3 Beds 2 Baths 1,550 sqft Built 1941

INVESTimate

$1,995,000

List Price

$4,350

$4,100 - $4,600

Rent Est.

$2,227,418  ( +11.65%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1941
  • Price/Sqft : $1,287.10
  • 5 Days on Market
  • MLS # : ML81807357
  • Updated Date : 08/22/2020 at 08:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,550 sqft
  • Baths : 2 full
Listing Agent

Wyatt & Associates

Listing Agent's Description

LOCATION & POTENTIAL!!! Over 1/2 Acre Zoned C-1 (Neighborhood Commercial) So many possibilities for this iconic property with a Los Gatos address across from Netflix headquarters. Currently, a fruit stand business is being run from the property, the actual fruit stand was the detached garage. There is a well-kept home on the property with a cellar and ample covered parking great for RV's, boats, etc... This property has so much potential for a developer/owner or someone who wants some land around them!

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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: 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
Capri Elementary School Primary Regular 706 29 7
Rolling Hills Middle School Middle Regular 985 45 7
Westmont High School High Regular 1,537 68 8

Capri Elementary School

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 29
7
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
 

$1,795,500$2,194,500$1,995,000

PURCHASE PRICE

$3,915$4,785$4,350

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,350
EXPENSES Loan Payment -$7,361
Property Tax -$2,160
Property Insurance -$65
Property Management Fees -$170
CASH FLOW
-$5,405

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.

$1,995,000

PROJECTED PRICE

$4,350

PROJECTED RENT

0.22%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.65%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$534,425

INVESTMENT

$534,425

Down Payment
$498,750
Rehab Estimate
$5,750
Closing Costs
$29,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$7,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $498,750
Loan Amount $1,496,250
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$1,124

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
  • $4,753

    COMP ESTIMATED VALUE
  • $3.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,8003$3,8504$4,000
$4,000
RENT COMPS ANALYSIS
  • 14288 Capri Dr Los Gatos, 1
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1941 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1941
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2154 Casa Mia Dr San Jose, 2
    • 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1956
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.66
    •  
  • 4417 Grimsby Dr San Jose, 3
    • 3 beds 2 baths ∙ 1,201 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,201 Sqft ∙ Built 1959
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $3.21
    •  
  • 4976 Morden Dr San Jose, 4
    • 3 beds 2 baths ∙ 1,201 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,201 Sqft ∙ Built 1959
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $3.33
    •  
PROPERTY LISTING DETAILS
Jeff Wyatt
Wyatt & Associates
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