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1489 Hillsdale Ave San Jose, CA 95118

4 Beds 3 Baths 1,513 sqft Built 1960

$1,249,999

List Price

$3,850

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $826.17
  • 3 Days on Market
  • MLS # : BE40930897
  • Updated Date : 12/04/2020 at 10:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,513 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group Amr

Listing Agent's Description

Location Location Location Gorgeous Home in South Willow Glen with close proximity to most of the Silicon Valley, Shopping Centers and drivable distance to Caltrain Station. The home boasts of a Open Floor Kitchen with Hardwood Floors, Upgraded Countertops with Backsplash and Newer Appliances . This home has had AC/ Heating installed Recently. Owners have taken a lot of Pride in updating the house to reflect modern taste and it shows all through the house. The home has been painted in the inside with natural colors. Electrical Upgrades with Recessed /dimmable lighting. The house has a long driveway and in addition to the 2 car Garage there is space for a few more Cars to park along the driveway. There is also a Work Station This home is in close proximity to downtown Willow Glen and is desirable to those who would like to dine out and enjoy outdoors. The Owners have taken immaculate care of the Garden both in front of the home to the backyard. From Fruit Trees to Vegetables to Herbs

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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: 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
 

$1,124,999$1,374,999$1,249,999

PURCHASE PRICE

$3,465$4,235$3,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,850
EXPENSES Loan Payment -$4,612
Property Tax -$1,340
Property Insurance -$64
Property Management Fees -$150
CASH FLOW
-$2,315

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.

$1,249,999

PROJECTED PRICE

$3,850

PROJECTED RENT

0.31%

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

PROJECTED ANNUAL CASH FLOW

11530-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,500
Loan Amount $937,499
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$40

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,850

    LIST RENT
  • $2.54

    LIST RENT PER SQFT
  • $4,149

    COMP ESTIMATED VALUE
  • $2.74

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,8503$3,9504$4,0005$4,695
$4,695
RENT COMPS ANALYSIS
  • 1489 Hillsdale Ave San Jose, CA 2
    • 4 beds 3 baths ∙ 1,513 Sqft ∙ Built 1960 4 beds 3 baths ∙ 1,513 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $2.54
    •  
  • 1462 Jenvey Ave San Jose, CA 1
    • 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1972
    property image
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.37
    •  
  • 1462 Revere Ave San Jose, CA 3
    • 4 beds 2 baths ∙ 1,363 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,363 Sqft ∙ Built 1956
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.90
    •  
  • 1514 San Joaquin Ave San Jose, CA 4
    • 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1954 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1954
    property image
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.80
    •  
  • 2432 Fairoak Ct San Jose, CA 5
    • 4 beds 2 baths ∙ 1,618 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,618 Sqft ∙ Built 1960
    property image
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,695
    • $2.90
    •  
PROPERTY LISTING DETAILS
Satish Susheelkar
Realty One Group Amr
BESbswy