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14952 Ridgetop Dr San Jose, CA 95127

3 Beds 2 Baths 1,506 sqft Built 1957

INVESTimate

$999,000

List Price

$3,350

$3,100 - $3,600

Rent Est.

$1,092,307  ( +9.34%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1957
  • Price/Sqft : $663.35
  • 9 Days on Market
  • MLS # : ML81806734
  • Updated Date : 08/22/2020 at 13:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,506 sqft
  • Baths : 2 full
Listing Agent

Crystal Estates

Listing Agent's Description

Located in the Berryessa foothills by the San Jose Country Club and situated within a highly desirable neighborhood. Exceptional schools including highly rated Noble Elementary, Piedmont Middle & High School. Gleaming refinished hardwood floors throughout living and bedroom areas. Separate spacious living and family rooms. Features include energy efficient dual pane windows, newer roof, new interior paint, copper plumbing, central heating, and within 3 years old appliances: water heater, washer, dryer, dishwasher, and refrigerator. Expansive park-like backyard with numerous shade trees, wood deck, 2yr new bamboo fencing, multiple pergolas, and storage shed.

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: East Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: East Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $19074493

* 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
Noble Elementary School Primary Regular 561 22 7
Piedmont Middle School Middle Regular 875 33 6
Piedmont Hills High School High Magnet 2,215 89 9

Noble Elementary School

  • Education Level: Primary
  • # of students: 561
  • # of teachers: 22
7
GreatSchools Rating

Piedmont Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 33
6
GreatSchools Rating

Piedmont Hills High School

  • Education Level: High
  • # of students: 2,215
  • # of teachers: 89
9
GreatSchools Rating
 

$899,100$1,098,900$999,000

PURCHASE PRICE

$3,015$3,685$3,350

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,350
EXPENSES Loan Payment -$3,686
Property Tax -$1,127
Property Insurance -$64
Property Management Fees -$131
CASH FLOW
-$1,657

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.

$999,000

PROJECTED PRICE

$3,350

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.34%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,485

INVESTMENT

$270,485

Down Payment
$249,750
Rehab Estimate
$5,750
Closing Costs
$14,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,686

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,750
Loan Amount $749,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$91

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
  • $3,363

    COMP ESTIMATED VALUE
  • $2.23

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3503$3,9504$4,100
$4,100
RENT COMPS ANALYSIS
  • 14952 Ridgetop Dr San Jose, 1
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3468 Whitman Way San Jose, 2
    • 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1965
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.96
    •  
  • 1591 Altham Ct San Jose, 3
    • 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1973
    LEASED 04/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.50
    •  
  • 1217 Pembroke Dr San Jose, 4
    • 4 beds 3 baths ∙ 1,831 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,831 Sqft ∙ Built 1971
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $2.24
    •  
PROPERTY LISTING DETAILS
Thai Nguyen
Crystal Estates
BESbswy