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PROPERTY INFO
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!!
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southeastern Milpitas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$349,955
LOAN DETAILS
$4,792
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $324,722 |
| Loan Amount | $974,166 |
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.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,874
COMP ESTIMATED VALUE -
$2.19
COMP AVG. RENT PER SQFT
Comps Range
-
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
Master Brokers
