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1624 Lyle Dr San Jose, CA 95129

3 Beds 2 Baths 1,441 sqft Built 1958

$1,799,000

List Price

$3,820

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1958
  • Price/Sqft : $1,248.44
  • 5 Days on Market
  • MLS # : ML81817472
  • Updated Date : 10/30/2020 at 18:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,441 sqft
  • Baths : 2 full
Listing Agent

Kw Peninsula Estates

Listing Agent's Description

Welcome to this newly remodeled, single-level home located in the heart of Silicon Valley. Upon entrance, you will be greeted by an open floor plan, with beautiful floor-to-ceiling windows that bring in an abundance of natural light. The living room is centered around a stunning double-sided fireplace and leads to the newly updated chef's kitchen and dining area. This home features three spacious bedrooms, including a large master suite and two luxurious bathrooms. Three different sliding doors transition into the spacious backyard and deck for the ideal indoor-outdoor California living. Upgrades include new AC/furnace, hardwood floors, paint, designer lighting, stainless steel appliances, retractable deck awning and much more! Conveniently located with easy access to top rated schools, tech companies, freeways and shopping while still being able to enjoy the privacy and serenity of the neighborhood.

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: Saratoga Creek

NeighborhoodNIR Market*CityMarket2010Year20002019400k600k800k1000k1200k1400k1600k1800kPrice in $380k1888k

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

Neighborhood: Saratoga Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $18574493

* 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
Country Lane Elementary School Primary Regular 684 29 7
Moreland Middle School Middle Regular 1,027 40 7
Prospect High School High Regular 1,343 60 8

Country Lane Elementary School

  • Education Level: Primary
  • # of students: 684
  • # of teachers: 29
7
GreatSchools Rating

Moreland Middle School

  • Education Level: Middle
  • # of students: 1,027
  • # of teachers: 40
7
GreatSchools Rating

Prospect High School

  • Education Level: High
  • # of students: 1,343
  • # of teachers: 60
8
GreatSchools Rating
 

$1,619,100$1,978,900$1,799,000

PURCHASE PRICE

$3,438$4,202$3,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,820
EXPENSES Loan Payment -$6,638
Property Tax -$2,086
Property Insurance -$62
Property Management Fees -$149
CASH FLOW
-$5,115

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.

$1,799,000

PROJECTED PRICE

$3,820

PROJECTED RENT

0.21%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.9%
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$7.0M

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$7.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$482,485

INVESTMENT

$482,485

Down Payment
$449,750
Rehab Estimate
$5,750
Closing Costs
$26,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,638

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $449,750
Loan Amount $1,349,250
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$4,906

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,820

    LIST RENT
  • $2.65

    LIST RENT PER SQFT
  • $4,229

    COMP ESTIMATED VALUE
  • $2.94

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,7503$3,7504$3,8205$4,500
$4,500
RENT COMPS ANALYSIS
  • 1624 Lyle Dr San Jose, CA 4
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $3,820
    • $2.65
    •  
  • 5639 Kimberly St San Jose, CA 1
    • 3 beds 2 baths ∙ 1,128 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,128 Sqft ∙ Built 1958
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $3.01
    •  
  • 5095 Country Ln San Jose, CA 2
    • 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1959
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $2.75
    •  
  • 2235 Arleen Way San Jose, CA 3
    • 3 beds 1 baths ∙ 1,250 Sqft ∙ Built 1965 3 beds 1 baths ∙ 1,250 Sqft ∙ Built 1965
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $3.00
    •  
  • 1165 Johnson Ave San Jose, CA 5
    • 4 beds 3 baths ∙ 1,510 Sqft ∙ Built 1965 4 beds 3 baths ∙ 1,510 Sqft ∙ Built 1965
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.98
    •  
PROPERTY LISTING DETAILS
Disen Cai Re Group
Kw Peninsula Estates
BESbswy