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1468 Ilikai Ave San Jose, CA 95118

4 Beds 3 Baths 2,034 sqft Built 1972

INVESTimate

$1,389,000

List Price

$3,930

$3,680 - $4,180

Rent Est.

$1,547,207  ( +11.39%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1972
  • Price/Sqft : $682.89
  • 10 Days on Market
  • MLS # : ML81806551
  • Updated Date : 08/25/2020 at 13:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,034 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sereno Group

Listing Agent's Description

Beautifully maintained tri-level, 4 bedroom and 2.5 updated bath home in a very desirable Cambrian Park neighborhood. Inviting open floor plan with a light and bright formal living room and dining area Updated kitchen with granite countertops, Bosch dishwasher and a roomy eat-in kitchen. Separate, cozy family room features a wood-burning fireplace and a large sliding door opens to a private, large backyard to enjoy. This Move-In Ready home is enhanced with more upgrades including: New interior paint, fences and water heater (2020). Dual-paned windows throughout. Copper plumbing (2011) Water softener (2011). Trane furnace (2011) and A/C (2016). Garage door (2017) and EV charger in the garage. Great, Union/Campbell Schools! Oster Elementary, Dartmouth Middle and Branham High School. Conveniently located near schools, close to shopping and easy access to major freeways.

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: Branham-Jarvis

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $373k1319k

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

Neighborhood: Branham-Jarvis

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17853923

* 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
Oster Elementary School Primary Regular 526 22 9
Dartmouth Middle School Middle Regular 859 37 8
Branham High School High Regular 1,468 62 9

Oster Elementary School

  • Education Level: Primary
  • # of students: 526
  • # of teachers: 22
9
GreatSchools Rating

Dartmouth Middle School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 37
8
GreatSchools Rating

Branham High School

  • Education Level: High
  • # of students: 1,468
  • # of teachers: 62
9
GreatSchools Rating
 

$1,250,100$1,527,900$1,389,000

PURCHASE PRICE

$3,537$4,323$3,930

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$5.0M

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$5.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,930
EXPENSES Loan Payment -$5,125
Property Tax -$1,629
Property Insurance -$76
Property Management Fees -$153
CASH FLOW
-$3,054

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.

$1,389,000

PROJECTED PRICE

$3,930

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.39%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$373,835

INVESTMENT

$373,835

Down Payment
$347,250
Rehab Estimate
$5,750
Closing Costs
$20,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $347,250
Loan Amount $1,041,750
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$90

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,930

    LIST RENT
  • $1.93

    LIST RENT PER SQFT
  • $3,973

    COMP ESTIMATED VALUE
  • $1.95

    COMP AVG. RENT PER SQFT
Comps Range
$3,195
1$3,1952$3,6003$3,6504$3,930
$3,930
RENT COMPS ANALYSIS
  • 1468 Ilikai Ave San Jose, 4
    • 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $3,930
    • $1.93
    •  
  • 1499 Hillsdale Ave San Jose, 1
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1960
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.86
    •  
  • 2934 Newark Way San Jose, 2
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1957
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.97
    •  
  • 2956 Aulin Dr San Jose, 3
    • 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1958 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1958
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $2.03
    •  
PROPERTY LISTING DETAILS
Nilgun Keskin
Sereno Group
BESbswy