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1529 Via Cancion San Jose, CA 95128

4 Beds 2 Baths 1,852 sqft Built 1977

INVESTimate

$1,250,000

List Price

$3,950

$3,700 - $4,200

Rent Est.

$1,430,375  ( +14.43%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1977
  • Price/Sqft : $674.95
  • 7 Days on Market
  • MLS # : ML81806314
  • Updated Date : 08/20/2020 at 18:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,852 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Spacious and welcoming home near great shopping and dining destinations! Interior and exterior of home recently painted. Bright, large living room boasts vaulted ceilings and a double raised panel wall around the fireplace. The living room leads to an amazing outdoor patio thats great for entertaining year around. Large newly landscaped backyard includes an in deck hot tub and kids playground!Large master suite is located in a separate wing of the home and has vaulted ceilings with an en suite bathroom for privacy. Second bathroom has been recently remodeled. Easy access to the nearby Los Gatos creek trail and part of the Campbell Union School District. Enjoy the heart of Silicon Valley while you walk to Whole Foods, Starbucks, Trader Joes and Downtown Campbell!

SEE MORE

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: 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
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$3,555$4,345$3,950

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

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$5.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,950
EXPENSES Loan Payment -$4,612
Property Tax -$1,428
Property Insurance -$72
Property Management Fees -$154
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.

$1,250,000

PROJECTED PRICE

$3,950

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.43%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
Length of Stay Years 2

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 $937,500
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$35

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,950

    LIST RENT
  • $2.13

    LIST RENT PER SQFT
  • $3,902

    COMP ESTIMATED VALUE
  • $2.11

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,9503$3,9504$4,188
$4,188
RENT COMPS ANALYSIS
  • 1529 Via Cancion San Jose, 3
    • 4 beds 2 baths ∙ 1,852 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,852 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.13
    •  
  • 2934 Newark Way San Jose, 1
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1957
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.97
    •  
  • 942 Lawton Ave San Jose, 2
    • 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, 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
    •  
PROPERTY LISTING DETAILS
Sean St. Cin
Coldwell Banker Realty
BESbswy