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16415 San Domingo Dr Morgan Hill, CA 95037

5 Beds 3 Baths 2,709 sqft Built 2017

$1,080,000

List Price

$4,430

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $398.67
  • 4 Days on Market
  • MLS # : ML81817122
  • Updated Date : 11/14/2020 at 11:41
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,709 sqft
  • Baths : 3 full
Listing Agent

Realty World Dominion

Listing Agent's Description

Rose island newly luxury single family home. SOLAR Panels owned, Brand New carpet, Fresh interior paint. Open concept designs for you to create the life you envision. Tuscan Style Architectural with high-quality building materials and energy-efficiency help reduce energy costs. Hardwood floors on ground level, carpet on 2nd floor, tile floors in bathrooms & laundry room. Kitchen features MSI Sahara Beige Quartz countertops with Glazed Ceramic backsplash, ample cabinet space & center island with bar seating. Bosch 5-burner cooktop, oven, range hood & dishwasher. Home offers two zone cooling & heating, designer ceiling fans, recessed lighting, tile roof, low e-glass windows, tankless water heater, fire sprinkler, weather sensor irrigation. Close to recreation center with indoor and outdoor pool and great gym. Beautiful Community Park with BBQ grills, playgrounds and basketball court. 5-min walk to Barrett Elementary, near by Caltrain stn & HWY 101.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 95037

ZipNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1220k

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

Zip Code: 95037

ZipNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17853804

* 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
Barrett Elementary School Primary Regular 573 23 4
Martin Murphy Middle School Middle Regular 479 20 6
Ann Sobrato High School High Regular 1,451 62 8

Barrett Elementary School

  • Education Level: Primary
  • # of students: 573
  • # of teachers: 23
4
GreatSchools Rating

Martin Murphy Middle School

  • Education Level: Middle
  • # of students: 479
  • # of teachers: 20
6
GreatSchools Rating

Ann Sobrato High School

  • Education Level: High
  • # of students: 1,451
  • # of teachers: 62
8
GreatSchools Rating
 

$972,000$1,188,000$1,080,000

PURCHASE PRICE

$3,987$4,873$4,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,430
EXPENSES Loan Payment -$3,985
Property Tax -$1,093
Property Insurance -$92
HOA -$100
Property Management Fees -$173
CASH FLOW
-$1,013

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.

$1,080,000

PROJECTED PRICE

$4,430

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.6%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$291,950

INVESTMENT

$291,950

Down Payment
$270,000
Rehab Estimate
$5,750
Closing Costs
$16,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,985

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $270,000
Loan Amount $810,000
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$15,454

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
  • $4,185

    COMP ESTIMATED VALUE
  • $1.55

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,0503$4,399
$4,399
RENT COMPS ANALYSIS
  • 16415 San Domingo Dr Morgan Hill, CA 1
    • 5 beds 3 baths ∙ 2,709 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,709 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 624 Calle Siena Morgan Hill, CA 2
    • 5 beds 3 baths ∙ 2,467 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,467 Sqft ∙ Built 2018
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,050
    • $1.64
    •  
  • 1680 Martinez Way Morgan Hill, CA 3
    • 4 beds 3 baths ∙ 3,040 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,040 Sqft ∙ Built 2014
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,399
    • $1.45
    •  
PROPERTY LISTING DETAILS
Diana Tan
Realty World Dominion
BESbswy