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1576 Adolfo Dr San Jose, CA 95131

4 Beds 3 Baths 2,550 sqft Built 1988

$1,498,888

List Price

$4,710

$4.5K - $5K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $587.80
  • 3 Days on Market
  • MLS # : ML81821580
  • Updated Date : 11/27/2020 at 17:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,550 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bayview Residential Brokerage

Listing Agent's Description

Short commute to the Apple campus, future Google campus and other tech companies. Easy access to Berryessa Bart and highways 880/680/101.City-Sports and Villa sports & spa are just a few minutes away. Lots of new shopping centers nearby including Great Mall. Tree-lined residential community to Townsend park, golf course and tennis courts . Minutes away from Berryessa Challenger and Stratford schools, as well as a short distance to public schools. This single family residence has almost $200K in upgrades and remodel! Fresh new paint exterior and interior , home exterior siding completely replaced, Roof completely replaced, new washer/dryer and dishwasher, new kitchen cabinets and granite counter tops, completely remodeled bathrooms, Anderson windows, new venetian blinds, new backyard landscaping, fences redone, master bedroom closet redone, new lightning and fixtures, upstairs and downstairs replaced with laminated floors, new water heater and dual zone AC.

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: Carmine - Parkmont

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: Carmine - Parkmont

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $18174493

* 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
Orchard Elementary School Primary Regular 889 41 6
Orchard Elementary School Middle Regular 889 41 6
Independence High School High Magnet 3,118 121 7

Orchard Elementary School

  • Education Level: Primary
  • # of students: 889
  • # of teachers: 41
6
GreatSchools Rating

Orchard Elementary School

  • Education Level: Middle
  • # of students: 889
  • # of teachers: 41
6
GreatSchools Rating

Independence High School

  • Education Level: High
  • # of students: 3,118
  • # of teachers: 121
7
GreatSchools Rating
 

$1,348,999$1,648,777$1,498,888

PURCHASE PRICE

$4,239$5,181$4,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,710
EXPENSES Loan Payment -$5,530
Property Tax -$1,725
Property Insurance -$89
Property Management Fees -$184
CASH FLOW
-$2,817

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.

$1,498,888

PROJECTED PRICE

$4,710

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.2%
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$402,955

INVESTMENT

$402,955

Down Payment
$374,722
Rehab Estimate
$5,750
Closing Costs
$22,483

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,530

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $374,722
Loan Amount $1,124,166
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$21

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
  • $5,338

    COMP ESTIMATED VALUE
  • $2.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,2003$4,5004$6,350
$6,350
RENT COMPS ANALYSIS
  • 1576 Adolfo Dr San Jose, CA 1
    • 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1999 Cape Horn Dr San Jose, CA 2
    • 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1979
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.86
    •  
  • 1238 Townsend Park Cir San Jose, CA 3
    • 3 beds 3 baths ∙ 2,371 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,371 Sqft ∙ Built 1993
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.90
    •  
  • 1437 Stanton Way San Jose, CA 4
    • 5 beds 3 baths ∙ 2,516 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,516 Sqft ∙ Built 1993
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,350
    • $2.52
    •  
PROPERTY LISTING DETAILS
Bahar Hatami
Bayview Residential Brokerage
BESbswy