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1453 Franklin St Santa Clara, CA 95050

4 Beds 3 Baths 2,500 sqft Built 1999

$1,398,000

List Price

$4,900

$4.7K - $5.2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $559.20
  • 3 Days on Market
  • MLS # : ML81825923
  • Updated Date : 01/16/2021 at 08:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,500 sqft
  • Baths : 2 full , 1 half
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Welcome to 1453 Franklin Street, Santa Clara! This light and bright home is located in a quiet and charming quad and features 2,500 SqFt of living space, including 4 spacious bedrooms, 2.5 bathrooms, kitchen with newly installed stainless steel appliances, formal living room and dining area, separate family room with gas fireplace and breakfast nook. Other features include a large 2 car garage, ample storage space throughout, gleaming hardwood floors, Nest thermostat, dual pane windows and much more. The 3,757 SqFt lot features a peaceful and private seating area in the backyard, and a manicured front yard with a sunny porch. Just a short commute to Santa Clara University, Franklin Square, great options for walking, shopping, and dining. As well as easy access to major commuting routes. Make this inviting property your home and experience the perfect work-life balance!

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: The Old Quad

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $373k1373k

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

Neighborhood: The Old Quad

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200340036003800Rent in $8793824

* 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
C. W. Haman Elementary School Primary Regular 392 15 7
Buchser Middle School Middle Regular 1,007 46 5
Santa Clara High School High Regular 1,911 82 7

C. W. Haman Elementary School

  • Education Level: Primary
  • # of students: 392
  • # of teachers: 15
7
GreatSchools Rating

Buchser Middle School

  • Education Level: Middle
  • # of students: 1,007
  • # of teachers: 46
5
GreatSchools Rating

Santa Clara High School

  • Education Level: High
  • # of students: 1,911
  • # of teachers: 82
7
GreatSchools Rating
 

$1,258,200$1,537,800$1,398,000

PURCHASE PRICE

$4,410$5,390$4,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,900
EXPENSES Loan Payment -$4,856
Property Tax -$1,343
Property Insurance -$87
Property Management Fees -$191
CASH FLOW
-$1,578

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.

$1,398,000

PROJECTED PRICE

$4,900

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
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-$30k-$20k-$10k$0.0$10k$20k

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$376,220

INVESTMENT

$376,220

Down Payment
$349,500
Rehab Estimate
$5,750
Closing Costs
$20,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,856

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $349,500
Loan Amount $1,048,500
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$5,496

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
  • $5,563

    COMP ESTIMATED VALUE
  • $2.23

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,7003$5,500
$5,500
RENT COMPS ANALYSIS
  • 1453 Franklin St Santa Clara, CA 1
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2014 Gammell Brown Pl Santa Clara, CA 2
    • 5 beds 3 baths ∙ 2,360 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,360 Sqft ∙ Built 2000
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.99
    •  
  • 1837 Worthington Cir Santa Clara, CA 3
    • 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 2014
    property image
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.46
    •  
PROPERTY LISTING DETAILS
Andy Tse
Intero Real Estate Services
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