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PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Palmar-Borello
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$376,485
LOAN DETAILS
$5,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $349,750 |
| Loan Amount | $1,049,250 |
-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.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$4,041
COMP ESTIMATED VALUE -
$2.3
COMP AVG. RENT PER SQFT
Comps Range
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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
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- $0
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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
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- $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
Intero Real Estate Services
