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14487 Bercaw Ln 
San Jose, CA
95124
3 Beds 1 Baths 1,080 sqft
Built 1949
INVESTimate
$1,649,000
List Price
$442,735
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PROPERTY INFO
FACTS
- Built In 1949
- Price/Sqft : $1,526.85
- 3 Days on Market
- MLS # : ML81804487
- Updated Date : 08/25/2020 at 13:13
CONSTRUCTION
- Beds : 3
- Floor Size : 1,080 sqft
- Baths : 1 full
Listing Agent
Sereno Group
Listing Agent's Description
Great Location! Amongst other Estate Properties that were torn down and rebuilt or renovated! Huge 18,850 lot Originally a 3 bedroom 1 bath home! Owner created a full bedroom and bathroom inside garage but can easily be reconverted. Build or remodel/add on and make this a great estate property Outstanding Schools!
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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: Cambrian Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cambrian Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,200 |
| EXPENSES | Loan Payment | -$6,084 |
| Property Tax | -$1,830 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$4,896
|
||
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.
$1,649,000
PROJECTED PRICE
$3,200
PROJECTED RENT
0.19%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 12.12% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.19% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$442,735
LOAN DETAILS
$6,084
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $412,250 |
| Loan Amount | $1,236,750 |
-0.33
YEARS SAVED
$7,145
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
-
$2,954
COMP ESTIMATED VALUE -
$2.74
COMP AVG. RENT PER SQFT
Comps Range
-
14487 Bercaw Ln San Jose, 1
- 3 beds 1 baths ∙ 1,080 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,080 Sqft ∙ Built 1949
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2302 New Jersey Ave San Jose, 2
- 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 1963
![property image]()
LEASED 04/06/20- Rent
- Rent Per SQFT
- $3,400
- $2.81
-
2154 Casa Mia Dr San Jose, 3
- 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
PROPERTY LISTING DETAILS
Sereno Group
