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1465 Rue Avati San Jose, CA 95131

4 Beds 2 Baths 1,234 sqft Built 1974

$998,888

List Price

$3,300

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $809.47
  • 14 Days on Market
  • MLS # : ML81821792
  • Updated Date : 12/11/2020 at 21:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,234 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Of California Inc.

Listing Agent's Description

AS-IS CONDITION, 4bedrooms 2 bath. Centrally located with easy access to 680/880/101/87 as well as Bart and Light Rail stations. As an extra convenience, sheds in backyard will stay. Make an appointment with your agent to see it for yourself! . Must comply with COVID-19 viewing requirements by CDC(mask, gloves and booties) and signed PEAD prior to entry. Berryessa and Milpitas BART stations are located at a close distance trenched tracks run behind the home,

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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: Vinci North

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $370k1220k

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

Neighborhood: Vinci North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17583804

* 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
 

$898,999$1,098,777$998,888

PURCHASE PRICE

$2,970$3,630$3,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,300
EXPENSES Loan Payment -$3,685
Property Tax -$1,167
Property Insurance -$57
Property Management Fees -$129
CASH FLOW
-$1,738

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.

$998,888

PROJECTED PRICE

$3,300

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.6%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,455

INVESTMENT

$270,455

Down Payment
$249,722
Rehab Estimate
$5,750
Closing Costs
$14,983

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$3,685

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,722
Loan Amount $749,166
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$59

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,300

    LIST RENT
  • $2.67

    LIST RENT PER SQFT
  • $2,937

    COMP ESTIMATED VALUE
  • $2.38

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$3,3003$3,800
$3,800
RENT COMPS ANALYSIS
  • 1465 Rue Avati San Jose, CA 2
    • 4 beds 2 baths ∙ 1,234 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,234 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.67
    •  
  • Royal Crest Dr San Jose, CA 1
    • 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 1985
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.22
    •  
  • 2318 Oak Flat Rd San Jose, CA 3
    • 3 beds 2 baths ∙ 1,497 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,497 Sqft ∙ Built 1974
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.54
    •  
PROPERTY LISTING DETAILS
Frank Cancilla
Exp Realty Of California Inc.
BESbswy