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1484 Rojo Pl San Jose, CA 95128

4 Beds 2 Baths 1,759 sqft Built 1977

$1,399,000

List Price

$4,070

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $795.34
  • 3 Days on Market
  • MLS # : ML81822227
  • Updated Date : 12/04/2020 at 10:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,759 sqft
  • Baths : 2 full
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Just in time for Christmas! Welcome home to this amazing 4 bedroom, 2 bath house is the sanctuary you have been waiting for. The open floor plan coupled with the exquisite remodeling makes this a home you spot you won't mind spending your days. Step into your living room with high ceilings and ample natural light. The floorpan allows for diverse options for living depending on your needs. The gas range, stainless steel appliances and quartz countertops are waiting for your culinary touches. A large dining area, breakfast bar and walk in pantry ensure room for everyone. The master bathroom is your very own private retreat with a natural stone family shower with dual skylights that open and close with just a touch. Bamboo and Oak hardwood floors are featured throughout the home as well. The oversized corner lot allows for most rooms to open up to the outdoors and beautiful backyard. The Tesla powerwall and 11KW of Solar are the icing on the cake. Central location between SJ & Campbell

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Palmar-Borello

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $373k1378k

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

Neighborhood: Palmar-Borello

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2180020002200240026002800300032003400360038004000Rent in $17024013

* 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
Castlemont Elementary School Primary Charter 724 31 6
Monroe Middle School Middle Regular 884 39 5
Del Mar High School High Regular 1,108 49 6

Castlemont Elementary School

  • Education Level: Primary
  • # of students: 724
  • # of teachers: 31
6
GreatSchools Rating

Monroe Middle School

  • Education Level: Middle
  • # of students: 884
  • # of teachers: 39
5
GreatSchools Rating

Del Mar High School

  • Education Level: High
  • # of students: 1,108
  • # of teachers: 49
6
GreatSchools Rating
 

$1,259,100$1,538,900$1,399,000

PURCHASE PRICE

$3,663$4,477$4,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,070
EXPENSES Loan Payment -$5,162
Property Tax -$1,598
Property Insurance -$70
Property Management Fees -$159
CASH FLOW
-$2,918

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.

$1,399,000

PROJECTED PRICE

$4,070

PROJECTED RENT

0.29%

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-$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$6.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$376,485

INVESTMENT

$376,485

Down Payment
$349,750
Rehab Estimate
$5,750
Closing Costs
$20,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $349,750
Loan Amount $1,049,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$54

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
  • $4,041

    COMP ESTIMATED VALUE
  • $2.3

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3003$3,9504$4,1885$4,499
$4,499
RENT COMPS ANALYSIS
  • 1484 Rojo Pl San Jose, CA 1
    • 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1454 Carnot Dr San Jose, CA 2
    • 3 beds 3 baths ∙ 1,418 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,418 Sqft ∙ Built 1973
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.33
    •  
  • 942 Lawton Ave San Jose, CA 3
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1961
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.26
    •  
  • 1211 Spruance St San Jose, CA 4
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1978
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,188
    • $2.09
    •  
  • 810 Monica Ln Campbell, CA 5
    • 4 beds 3 baths ∙ 1,791 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,791 Sqft ∙ Built 1994
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,499
    • $2.51
    •  
PROPERTY LISTING DETAILS
Mary Ann Brown
Intero Real Estate Services
BESbswy