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14345 Capri Dr Los Gatos, CA 95032

2 Beds 1 Baths 1,060 sqft Built 1948

INVESTimate

$1,288,000

List Price

$2,920

$2,670 - $3,170

Rent Est.

$1,438,052  ( +11.65%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1948
  • Price/Sqft : $1,215.09
  • 2 Days on Market
  • MLS # : ML81805955
  • Updated Date : 08/25/2020 at 12:48
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,060 sqft
  • Baths : 1 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

CHARMING LOS GATOS RANCHETTE SET AGAINST THE GORGEOUS WESTERN FOOTHILLS & PRIVATELY TUCKED IN AT THE OF A CUL DE SAC. FEATURES EXPANSIVE, VERSATILE LOT. SPACIOUS BACK YARD BOASTS MATURE FRUIT TREES & IS PERFECT FOR PARTIES, FAMILY GET-TOGETHERS, BBQS, GARDENING, OR ANIMALS (LARGE CHICKEN COOP @ REAR). POSSIBLE ADDITION OR GRANNY HOUSE (CHECK WITH TOWN). PLANS FOR EXPANSION AVAIL. 2 CAR FINISHED GARAGE, AMPLE STREET PARKING, GUEST PARKING & ROOM FOR BOAT OR OVERSIZED VEHICLE. CENTRAL LOCATION - CLOSE TO RESTAURANTS, SCHOOLS, GROCERY, MEDICAL, NETFLIX, FITNESS (COURTSIDE CLUB & MORE), & LOS GATOS CREEK TRAIL. EASY ACCESS TO FREEWAYS. EXPLORE THE POSSIBILITIES! Please see disclosure packet for CBR Prevention Plan for In Person Visits.

SEE MORE

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
 

$1,159,200$1,416,800$1,288,000

PURCHASE PRICE

$2,628$3,212$2,920

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

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$4,752
Property Tax -$1,395
Property Insurance -$53
Property Management Fees -$129
CASH FLOW
-$3,409

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.

$1,288,000

PROJECTED PRICE

$2,920

PROJECTED RENT

0.23%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$347,070

INVESTMENT

$347,070

Down Payment
$322,000
Rehab Estimate
$5,750
Closing Costs
$19,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,752

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $322,000
Loan Amount $966,000
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$255

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
  • $2,035

    COMP ESTIMATED VALUE
  • $1.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,300
$2,300
RENT COMPS ANALYSIS
  • 14345 Capri Dr Los Gatos, 1
    • 2 beds 1 baths ∙ 1,060 Sqft ∙ Built 1948 2 beds 1 baths ∙ 1,060 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14316 Mulberry Dr Los Gatos, 2
    • 2 beds 1 baths ∙ 1,200 Sqft ∙ Built 1930 2 beds 1 baths ∙ 1,200 Sqft ∙ Built 1930
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.92
    •  
PROPERTY LISTING DETAILS
Nathera Mawla
Coldwell Banker Realty
BESbswy