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1431 Stanton Way San Jose, CA 95131

5 Beds 3 Baths 2,516 sqft Built 1993

$1,549,980

List Price

$5,260

$5K - $5.5K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $616.05
  • 3 Days on Market
  • MLS # : ML81819116
  • Updated Date : 11/06/2020 at 09:40
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,516 sqft
  • Baths : 3 full
Listing Agent

Realty World Golden Hills

Listing Agent's Description

This is a two-story single family home in a quiet neighborhood in North Valley, San Jose. Located near the San Jose Municipal Golf Course and only a few steps away from Townsend Park and a children's playground. Conveniently located to nearby shopping and grocery stores including 99 Ranch Market. This home has 5 bedrooms and 3 full bathrooms - including 1 bedroom and 1bath downstairs. Great move-in condition. Thank you and come see your future 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: Townsend

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $326k1665k

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

Neighborhood: Townsend

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800400042004400Rent in $17854493

* 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
Brooktree Elementary School Primary Regular 515 24 6
Morrill Middle School Middle Regular 729 33 7
Independence High School High Magnet 3,118 121 7

Brooktree Elementary School

  • Education Level: Primary
  • # of students: 515
  • # of teachers: 24
6
GreatSchools Rating

Morrill Middle School

  • Education Level: Middle
  • # of students: 729
  • # of teachers: 33
7
GreatSchools Rating

Independence High School

  • Education Level: High
  • # of students: 3,118
  • # of teachers: 121
7
GreatSchools Rating
 

$1,394,982$1,704,978$1,549,980

PURCHASE PRICE

$4,734$5,786$5,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,260
EXPENSES Loan Payment -$5,719
Property Tax -$1,817
Property Insurance -$88
Property Management Fees -$205
CASH FLOW
-$2,568

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.

$1,549,980

PROJECTED PRICE

$5,260

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.8%
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

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$6.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$416,495

INVESTMENT

$416,495

Down Payment
$387,495
Rehab Estimate
$5,750
Closing Costs
$23,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $387,495
Loan Amount $1,162,485
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$150

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
  • $5,510

    COMP ESTIMATED VALUE
  • $2.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,2003$6,350
$6,350
RENT COMPS ANALYSIS
  • 1431 Stanton Way San Jose, CA 1
    • 5 beds 3 baths ∙ 2,516 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,516 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1999 Cape Horn Dr San Jose, CA 2
    • 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1979
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.86
    •  
  • 1437 Stanton Way San Jose, CA 3
    • 5 beds 3 baths ∙ 2,516 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,516 Sqft ∙ Built 1993
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,350
    • $2.52
    •  
PROPERTY LISTING DETAILS
Lillian Dang
Realty World Golden Hills
BESbswy