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1582 Montalban Dr San Jose, CA 95120

5 Beds 3 Baths 2,278 sqft Built 1968

$1,699,000

List Price

$4,220

$4K - $4.5K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1968
  • Price/Sqft : $745.83
  • 4 Days on Market
  • MLS # : ML81818991
  • Updated Date : 11/06/2020 at 16:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,278 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Nestled in the beautiful Almaden Valley on a large corner lot, this house features 5 spacious bedrooms, 3 baths, a fully remodeled kitchen, a central forced heat and A/C system, recessed lighting, dual pane windows, and new interior paint. Kitchen includes modern appliances and a large central island with plenty of cabinets and counter space. The scenic backyard includes a rock formation pool and jacuzzi, with a stone step path passing by a waterfall fish pond, pavilion and structure containing a shower area on the ground level and a free recreational area on top. One of the entrances to the backyard include a large gate which can be opened to a RV or boat parking area. Award winning schools: Guadalupe Elementary/Dartmouth Middle. This home is also a part of Montevideo Cabana Club which has recreational areas that includes a pool, jacuzzi and a clubhouse.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Jose metro has 67.6% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Montevideo

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: Montevideo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $19074493

* 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
Guadalupe Elementary School Primary Regular 558 24 9
Dartmouth Middle School Middle Regular 859 37 8
Branham High School High Regular 1,468 62 9

Guadalupe Elementary School

  • Education Level: Primary
  • # of students: 558
  • # of teachers: 24
9
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
 

$1,529,100$1,868,900$1,699,000

PURCHASE PRICE

$3,798$4,642$4,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,220
EXPENSES Loan Payment -$6,269
Property Tax -$1,993
Property Insurance -$82
HOA -$900
Property Management Fees -$165
CASH FLOW
-$5,188

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.

$1,699,000

PROJECTED PRICE

$4,220

PROJECTED RENT

0.25%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.6%
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-$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$455,985

INVESTMENT

$455,985

Down Payment
$424,750
Rehab Estimate
$5,750
Closing Costs
$25,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $424,750
Loan Amount $1,274,250
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$12,251

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
  • $4,298

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,9953$4,8754$4,975
$4,975
RENT COMPS ANALYSIS
  • 1582 Montalban Dr San Jose, CA 1
    • 5 beds 3 baths ∙ 2,278 Sqft ∙ Built 1968 5 beds 3 baths ∙ 2,278 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1565 Puerto Vallarta Dr San Jose, CA 2
    • 5 beds 3 baths ∙ 2,278 Sqft ∙ Built 1965 5 beds 3 baths ∙ 2,278 Sqft ∙ Built 1965
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.75
    •  
  • 5876 Sentinel St San Jose, CA 3
    • 4 beds 2 baths ∙ 2,423 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,423 Sqft ∙ Built 1976
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,875
    • $2.01
    •  
  • 6068 Burnbank Pl San Jose, CA 4
    • 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
Lei Skov
Compass
BESbswy