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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $706.37
- 5 Days on Market
- MLS # : ML81823425
- Updated Date : 12/18/2020 at 23:49
CONSTRUCTION
- Beds : 4
- Floor Size : 1,822 sqft
- Baths : 3 full
Listing Agent
Keller Williams Realty - Cupertino
Listing Agent's Description
This contemporary house is located one of best spots in North Valley. Walking distance to golf course, Townsend Park, H-mart, Ranch 99, Costco. The modern and spacious single family house offers 4 bedrooms 3 bathrooms and a lot of windows. Open layout with high ceilings in the living room, brand new European oak wood flooring, remodeled kitchen and bathrooms. 1 bedroom on the first floor. Second story offers 3 spacious bedrooms and a huge main bedroom with a walk-in closet. Low maintenance yard and fruit trees, nice size shed for family party and kids outdoor activities. Close to Post Office, retails and restaurants. Easy commute to high tech firms including future Apple, Google and Amazon new San Jose campus, VTA and Berryessa Bart Station. Convenient access to Highway 880, 101, 237, 680
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Gordy
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gordy
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,110 |
| EXPENSES | Loan Payment | -$4,748 |
| Property Tax | -$1,484 | |
| Property Insurance | -$71 | |
| Property Management Fees | -$160 | |
|
CASH FLOW
-$2,354
|
||
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.
$1,287,000
PROJECTED PRICE
$4,110
PROJECTED RENT
0.32%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 12.9% |
| 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
$346,805
LOAN DETAILS
$4,748
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $321,750 |
| Loan Amount | $965,250 |
0
YEARS SAVED
$46
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
-
$4,268
COMP ESTIMATED VALUE -
$2.34
COMP AVG. RENT PER SQFT
Comps Range
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1515 Greensboro Ct San Jose, CA 1
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- 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 2008
LEASED 05/11/20- Rent
- Rent Per SQFT
- $3,580
- $2.33
-
1676 Lederer Cir San Jose, CA 3
- 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 1986
LEASED 07/15/20- Rent
- Rent Per SQFT
- $3,750
- $2.26
-
2318 Oak Flat Rd San Jose, CA 4
- 3 beds 2 baths ∙ 1,497 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,497 Sqft ∙ Built 1974
LEASED 06/06/20- Rent
- Rent Per SQFT
- $3,800
- $2.54
-
1217 Pembroke Dr San Jose, CA 5
- 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
Keller Williams Realty - Cupertino
