Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

167 Westhill Dr Los Gatos, CA 95032

4 Beds 3 Baths 2,659 sqft Built 1973

$1,790,000

List Price

$5,080

$4.8K - $5.3K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $673.19
  • 2 Days on Market
  • MLS # : ML81821113
  • Updated Date : 11/21/2020 at 21:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,659 sqft
  • Baths : 2 full , 1 half
Listing Agent

Referral Realty-bv

Listing Agent's Description

Beautiful Los Gatos Neighborhood With City Light Views. Wonderful floor plan waiting for you to add a new personal touch. Home needs to be updated. This property was enjoyed by the original owners for the past 47 years. Spacious living area on main level. Close to downtown Los Gatos. Convenient location for commuting to 85 / 17. Nearby Belgatos Park

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: Surmont

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800k2000kPrice in $411k2172k

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

Neighborhood: Surmont

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2200025003000350040004500500055006000Rent in $19076004

* 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
Noddin Elementary School Primary Regular 658 27 8
Union Middle School Middle Regular 976 40 9
Leigh High School High Magnet 1,665 73 9

Noddin Elementary School

  • Education Level: Primary
  • # of students: 658
  • # of teachers: 27
8
GreatSchools Rating

Union Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 40
9
GreatSchools Rating

Leigh High School

  • Education Level: High
  • # of students: 1,665
  • # of teachers: 73
9
GreatSchools Rating
 

$1,611,000$1,969,000$1,790,000

PURCHASE PRICE

$4,572$5,588$5,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,080
EXPENSES Loan Payment -$6,604
Property Tax -$1,982
Property Insurance -$91
Property Management Fees -$198
CASH FLOW
-$3,796

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.

$1,790,000

PROJECTED PRICE

$5,080

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.1%
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-$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$480,100

INVESTMENT

$480,100

Down Payment
$447,500
Rehab Estimate
$5,750
Closing Costs
$26,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,604

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $447,500
Loan Amount $1,342,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$80

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
  • $5,345

    COMP ESTIMATED VALUE
  • $2.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,875
$4,875
RENT COMPS ANALYSIS
  • 167 Westhill Dr Los Gatos, CA 1
    • 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5876 Sentinel St San Jose, CA 2
    • 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
    •  
PROPERTY LISTING DETAILS
Doug Hendey
Referral Realty-bv
BESbswy