Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1482 Gerhardt Ave San Jose, CA 95125

3 Beds 3 Baths 1,994 sqft Built 1959

$1,348,000

List Price

$4,850

$4.6K - $5.1K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $676.03
  • 7 Days on Market
  • MLS # : ML81819975
  • Updated Date : 11/19/2020 at 10:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,994 sqft
  • Baths : 2 full , 1 half
Listing Agent

Alta Realty Group Ca

Listing Agent's Description

Fantastic Willow Glen, Tree-lined street location. Sprawling 1-story home with tile kitchen and baths. Hardwood floors. Three spacious bedrooms, all with good size closets. Hall closets for lots of storage. House in good condition but could use some cosmetic updating. Screened-in patio and grass in backyard, fruit trees. Walking distance to Zanotto's grocery store, Starbucks, Pizza, close to downtown Willow Glen shopping. Don't miss this highly sought after location with good schools: Schallenberger Elem, Willow Glen middle and High School.

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: Willow Glen South - Lincoln Glen

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: Willow Glen South - Lincoln Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $18854493

* 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
Schallenberger Elementary School Primary Regular 531 19 6
Willow Glen Middle School Middle Regular 1,259 57 6
Willow Glen High School High Regular 1,660 75 7

Schallenberger Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 19
6
GreatSchools Rating

Willow Glen Middle School

  • Education Level: Middle
  • # of students: 1,259
  • # of teachers: 57
6
GreatSchools Rating

Willow Glen High School

  • Education Level: High
  • # of students: 1,660
  • # of teachers: 75
7
GreatSchools Rating
 

$1,213,200$1,482,800$1,348,000

PURCHASE PRICE

$4,365$5,335$4,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,850
EXPENSES Loan Payment -$4,974
Property Tax -$1,505
Property Insurance -$75
Property Management Fees -$189
CASH FLOW
-$1,893

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.

$1,348,000

PROJECTED PRICE

$4,850

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
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

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$362,970

INVESTMENT

$362,970

Down Payment
$337,000
Rehab Estimate
$5,750
Closing Costs
$20,220

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $337,000
Loan Amount $1,011,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$1,628

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,850

    LIST RENT
  • $2.43

    LIST RENT PER SQFT
  • $4,875

    COMP ESTIMATED VALUE
  • $2.45

    COMP AVG. RENT PER SQFT
Comps Range
$3,650
1$3,6502$4,5003$4,8504$5,3505$5,495
$5,495
RENT COMPS ANALYSIS
  • 1482 Gerhardt Ave San Jose, CA 3
    • 3 beds 3 baths ∙ 1,994 Sqft ∙ Built 1959 3 beds 3 baths ∙ 1,994 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $4,850
    • $2.43
    •  
  • 2956 Aulin Dr San Jose, CA 1
    • 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
    •  
  • 1477 Husted Ave San Jose, CA 2
    • 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1951 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1951
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.33
    •  
  • 1591 Phantom Ave San Jose, CA 4
    • 3 beds 3 baths ∙ 2,132 Sqft ∙ Built 1955 3 beds 3 baths ∙ 2,132 Sqft ∙ Built 1955
    LEASED 06/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,350
    • $2.51
    •  
  • 1599 Darlene Ave San Jose, CA 5
    • 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 1964
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,495
    • $2.91
    •  
PROPERTY LISTING DETAILS
Annie F Baker
Alta Realty Group Ca
BESbswy