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15591 Linda Ave Los Gatos, CA 95032

2 Beds 1 Baths 936 sqft Built 1948

$1,299,999

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1948
  • Price/Sqft : $1,388.89
  • 76 Days on Market
  • MLS # : ML81817603
  • Updated Date : 01/07/2021 at 10:05
CONSTRUCTION
  • Beds : 2
  • Floor Size : 936 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Realty-silicon Valley

Listing Agent's Description

THIS HOME HAS IT ALL! Full of wonderful surprises, from a tankless water heater to an expansive kitchen & anchoring fireplace, which stands proudly between 2 vintage circular windows. Unusually large lot - move in as-is or create an architectural masterpiece! Master bedroom has 2 spacious closets & direct access to the generous back yard with shed. Updated kitchen w/SS appliances, granite counters & a bonus laundry room. Walking down the neighborhood, relish the tree-lined street with mountain views. Top-rated schools. Close proximity to Whole Foods, Good Samaritan Hospital, multiple shopping plazas, and Downtown Los Gatos. WELCOME HOME :-)

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Los Gats Almaden

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800kPrice in $411k1990k

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

Neighborhood: Los Gats Almaden

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2200025003000350040004500500055006000Rent in $19076004

* 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
Alta Vista Elementary School Primary Regular 619 26 8
Union Middle School Middle Regular 976 40 9
Leigh High School High Magnet 1,665 73 9

Alta Vista Elementary School

  • Education Level: Primary
  • # of students: 619
  • # of teachers: 26
8
GreatSchools Rating

Union Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 40
9
GreatSchools Rating

Leigh High School

  • Education Level: High
  • # of students: 1,665
  • # of teachers: 73
9
GreatSchools Rating
 

$1,169,999$1,429,999$1,299,999

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$4,515
Property Tax -$1,466
Property Insurance -$50
Property Management Fees -$129
CASH FLOW
-$3,230

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.

$1,299,999

PROJECTED PRICE

$2,930

PROJECTED RENT

0.23%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.2%
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$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$50k-$40k-$30k-$20k-$10k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$350,250

INVESTMENT

$350,250

Down Payment
$325,000
Rehab Estimate
$5,750
Closing Costs
$19,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$4,515

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $325,000
Loan Amount $974,999
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$214

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
  • $1,835

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,350
$2,350
RENT COMPS ANALYSIS
  • 15591 Linda Ave Los Gatos, CA 1
    • 2 beds 1 baths ∙ 936 Sqft ∙ Built 1948 2 beds 1 baths ∙ 936 Sqft ∙ Built 1948
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14316 Mulberry Dr Los Gatos, CA 2
    • 2 beds 1 baths ∙ 1,200 Sqft ∙ Built 1930 2 beds 1 baths ∙ 1,200 Sqft ∙ Built 1930
    property image
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.96
    •  
PROPERTY LISTING DETAILS
Olga Golovko
Keller Williams Realty-silicon Valley
BESbswy