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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $480.09
- 4 Days on Market
- MLS # : ML81823572
- Updated Date : 12/19/2020 at 15:33
CONSTRUCTION
- Beds : 4
- Floor Size : 2,291 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group Infinity
Listing Agent's Description
Rarely available! Don't miss this cozy two stories home in the heart of San Jose. Custom crown moldings, large living room and dining combo. The kitchen comes with walk-in pantry and a new oven in 2020. Central AC with new AC unit was installed in 2019. 3 large sized bedrooms with walk-in closets, large master bedroom with his and her walk-in closets/mirrored doors, recessed lights. Low maintaining backyard with professionally landscaped. Conveniently located near all schools, shops, local amenities and most major freeways. The property has a solar panels owned from SUNRUN, $134 per month and transferable to the new owner. The owner pays about $10 - $20 per month for electric bill. Definitely a must see!
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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: Stallion - Shadowsprings
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stallion - Shadowsprings
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,730 |
| EXPENSES | Loan Payment | -$4,058 |
| Property Tax | -$1,320 | |
| Property Insurance | -$82 | |
| Property Management Fees | -$145 | |
|
CASH FLOW
-$1,876
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$1,099,888
PROJECTED PRICE
$3,730
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.84% |
| Appreciation Year (1-5) | 12.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.28% |
| 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
$297,220
LOAN DETAILS
$4,058
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $274,972 |
| Loan Amount | $824,916 |
0.08
YEARS SAVED
$81
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
-
$3,780
COMP ESTIMATED VALUE -
$1.65
COMP AVG. RENT PER SQFT
Comps Range
-
1557 Aborn Rd San Jose, CA 1
- 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2998 Abigail Ln San Jose, CA 2
- 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 2001
LEASED 08/16/20- Rent
- Rent Per SQFT
- $3,900
- $1.70
-
2227 Pastoral Loop San Jose, CA 3
- 3 beds 4 baths ∙ 2,500 Sqft ∙ Built 2019 3 beds 4 baths ∙ 2,500 Sqft ∙ Built 2019
LEASED 06/04/20- Rent
- Rent Per SQFT
- $4,000
- $1.60
PROPERTY LISTING DETAILS
Realty One Group Infinity
