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15600 Winchester Blvd Monte Sereno, CA 95030

3 Beds 2 Baths 1,313 sqft Built 1952

$1,999,000

List Price

$3,930

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

November 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $1,522.47
  • 7 Days on Market
  • MLS # : ML81821219
  • Updated Date : 11/23/2020 at 09:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,313 sqft
  • Baths : 1 full , 1 half
Listing Agent

Thunderbird Real Estate

Listing Agent's Description

Vintage charm abounds in this well-loved treasure which has been adored by the original owners for over 60 years.Upon entering you'll understand why-the energy flow evokes warmth and comfort, reminding one of what it truly feels like to be at home! The single level floor plan is smartly appointed with hardwood floors and custom tile. PLUS there is an abundance of outdoor living!HUGE Lot-fully fenced with room for just about any activity...Detached zoom room? Install a pool?Plant a large garden-throw in some grapes!Park your boat,RV, ebikes.Relax and unwind in the fully screened patio,work on a project in the oversized two car garage. This location is PRIME!-Vasona County Park is down the street...bike to downtown Los Gatos-just 1 mile away.Heading to Silicon Valley? The freeway is only minutes by car. This lovely home affords a unique opportunity to live in the prestigious Monte Sereno neighborhood with top notch schools and a variety of activities at your fingertips!Truly a Rare Gem!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Vasona

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800k2000k2200k2400k2600k2800kPrice in $411k2933k

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

Neighborhood: Vasona

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000250030003500400045005000550060006500Rent in $19076853

* 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
Daves Avenue Elementary School Primary Regular 580 23 10
Raymond J. Fisher Middle School Middle Regular 1,246 56 10
Los Gatos High School High Regular 1,912 86 10

Daves Avenue Elementary School

  • Education Level: Primary
  • # of students: 580
  • # of teachers: 23
10
GreatSchools Rating

Raymond J. Fisher Middle School

  • Education Level: Middle
  • # of students: 1,246
  • # of teachers: 56
10
GreatSchools Rating

Los Gatos High School

  • Education Level: High
  • # of students: 1,912
  • # of teachers: 86
10
GreatSchools Rating
 

$1,799,100$2,198,900$1,999,000

PURCHASE PRICE

$3,537$4,323$3,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,930
EXPENSES Loan Payment -$7,375
Property Tax -$2,017
Property Insurance -$59
Property Management Fees -$153
CASH FLOW
-$5,674

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.

$1,999,000

PROJECTED PRICE

$3,930

PROJECTED RENT

0.20%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.3%
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$6.0M

PROJECTED ANNUAL CASH FLOW

11530-$90k-$80k-$70k-$60k-$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$6.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$535,485

INVESTMENT

$535,485

Down Payment
$499,750
Rehab Estimate
$5,750
Closing Costs
$29,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$7,375

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $499,750
Loan Amount $1,499,250
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$4,538

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,930

    LIST RENT
  • $2.99

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$3,930
1$3,930
$3,930
RENT COMPS ANALYSIS
  • 15600 Winchester Blvd Monte Sereno, CA
    • 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $3,930
    • $2.99
    •  
PROPERTY LISTING DETAILS
Heidi Robinson
Thunderbird Real Estate
BESbswy