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1564 Tobias Dr San Jose, CA 95118

5 Beds 4 Baths 2,797 sqft Built 1959

$1,589,000

List Price

$4,830

$4.6K - $5.1K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1959
  • Price/Sqft : $568.11
  • 4 Days on Market
  • MLS # : ML81816529
  • Updated Date : 11/02/2020 at 08:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,797 sqft
  • Baths : 3 full , 1 half
Listing Agent

1 Team Realtors

Listing Agent's Description

Offers to be presented by 3 pm on Monday, November 9th. Spacious 5 bedroom and 3.5 bathroom house with private backyard on the quiet street in Cambrian area. 2 story house with 2 master bedroom suites: one master bedroom suite is on the ground floor with the direct entry to the patio, the 2nd master bedroom suite is upstairs. Nice dining room. One living area is downstairs.The second living room is upstairs. Newly remodeled kitchen with gas stove, new built in stainless appliances, soft-close cabinets and pull-out shelves. Quartz and Granite slab counters. Fireplace. Hardwood and laminate floors throughout. Large 2 car garage with built-in cabinets with a lot of storage space. 2 years old central conditioning system with dual- control. Good schools. Walking distance to AVAC (Almaden Valley Athletic Club) with pool, tennis courts, sauna, and fitness center and activities for adults and kids. Easy access to HWY-85, Almaden plaza, Oakridge mall.

SEE MORE

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: Kooser

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $373k1311k

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

Neighborhood: Kooser

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17853804

* 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
Lietz Elementary School Primary Regular 545 23 7
Dartmouth Middle School Middle Regular 859 37 8
Branham High School High Regular 1,468 62 9

Lietz Elementary School

  • Education Level: Primary
  • # of students: 545
  • # of teachers: 23
7
GreatSchools Rating

Dartmouth Middle School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 37
8
GreatSchools Rating

Branham High School

  • Education Level: High
  • # of students: 1,468
  • # of teachers: 62
9
GreatSchools Rating
 

$1,430,100$1,747,900$1,589,000

PURCHASE PRICE

$4,347$5,313$4,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,830
EXPENSES Loan Payment -$5,863
Property Tax -$1,864
Property Insurance -$95
Property Management Fees -$188
CASH FLOW
-$3,179

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.

$1,589,000

PROJECTED PRICE

$4,830

PROJECTED RENT

0.30%

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 5.19%
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-$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$426,835

INVESTMENT

$426,835

Down Payment
$397,250
Rehab Estimate
$5,750
Closing Costs
$23,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$5,863

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $397,250
Loan Amount $1,191,750
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$30

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
  • $5,314

    COMP ESTIMATED VALUE
  • $1.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,975
$4,975
RENT COMPS ANALYSIS
  • 1564 Tobias Dr San Jose, CA 1
    • 5 beds 4 baths ∙ 2,797 Sqft ∙ Built 1959 5 beds 4 baths ∙ 2,797 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6068 Burnbank Pl San Jose, CA 2
    • 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 1976
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,975
    • $1.90
    •  
PROPERTY LISTING DETAILS
Irene Borz
1 Team Realtors
BESbswy