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1592 Yosemite Dr Milpitas, CA 95035

5 Beds 3 Baths 1,769 sqft Built 1964

$1,298,888

List Price

$3,880

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

December 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $734.25
  • 8 Days on Market
  • MLS # : ML81823701
  • Updated Date : 12/24/2020 at 13:59
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,769 sqft
  • Baths : 2 full , 1 half
Listing Agent

Master Brokers

Listing Agent's Description

Bedroom and full bathroom, downstairs!! Perfect for that extra guest...or in-law living!!! Nice parktown home, owned and loved by this great family for many years!! This one shows pride of ownership!! Gorgeous fresh refinished original hardwood floors throughout this lovely home!! Brand new fresh paint inside!! Copper repiped!! Central A/C!! Upgraded dual paned windows, lots of lighting in this open floorplan!! Gas fireplace in living room!! Auto sprinklers in front and back....nicely landscaped yards!! Conveniently located, near park/schools/Milpitas Transit Center-BART/VTA/Light Rail/Great Mall!!

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: Southeastern Milpitas

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1220k

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

Neighborhood: Southeastern Milpitas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $16973804

* 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
Alexander Rose Elementary School Primary Regular 464 18 7
Rancho Milpitas Middle School Middle Regular 714 30 8
Milpitas High School High Regular 3,105 117 9

Alexander Rose Elementary School

  • Education Level: Primary
  • # of students: 464
  • # of teachers: 18
7
GreatSchools Rating

Rancho Milpitas Middle School

  • Education Level: Middle
  • # of students: 714
  • # of teachers: 30
8
GreatSchools Rating

Milpitas High School

  • Education Level: High
  • # of students: 3,105
  • # of teachers: 117
9
GreatSchools Rating
 

$1,168,999$1,428,777$1,298,888

PURCHASE PRICE

$3,492$4,268$3,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,880
EXPENSES Loan Payment -$4,792
Property Tax -$1,292
Property Insurance -$70
Property Management Fees -$151
CASH FLOW
-$2,425

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.

$1,298,888

PROJECTED PRICE

$3,880

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$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$349,955

INVESTMENT

$349,955

Down Payment
$324,722
Rehab Estimate
$5,750
Closing Costs
$19,483

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,792

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $324,722
Loan Amount $974,166
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$46

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
  • $3,874

    COMP ESTIMATED VALUE
  • $2.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,300
$4,300
RENT COMPS ANALYSIS
  • 1592 Yosemite Dr Milpitas, CA 1
    • 5 beds 3 baths ∙ 1,769 Sqft ∙ Built 1964 5 beds 3 baths ∙ 1,769 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1027 Hamilton Ave Milpitas, CA 2
    • 4 beds 3 baths ∙ 1,964 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,964 Sqft ∙ Built 1978
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $2.19
    •  
PROPERTY LISTING DETAILS
Debbie I. Giordano
Master Brokers
BESbswy