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16740 Lone Hill Dr Morgan Hill, CA 95037

3 Beds 3 Baths 2,186 sqft Built 2012

$1,015,000

List Price

$3,910

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $464.32
  • 4 Days on Market
  • MLS # : ML81818381
  • Updated Date : 11/01/2020 at 14:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,186 sqft
  • Baths : 2 full , 1 half
Listing Agent

Gsw Realty

Listing Agent's Description

THIS IS A MUST SEE! STUNNING TWO STORY HOME 3 BDR 2.5 BATH. A coveted location, beautiful surroundings and extraordinary home at Jasper Hill in Morgan Hill. This home has all the things you need fused into one. The neighborhood provides charm, style and natural beauty on a cozy cul-de-sac. Jasper Hill provides a unique opportunity to own a home that is only 8 years young, near downtown Morgan Hill where lots of amazing restaurants, great entertainment, and wineries. This colorful small-town community is the place where your neighbors become friends, laughter is heard around the block and great conversation brings families closer together. Want to get outdoors and experience nature? It's at your doorstep. Looking for a city adventure? San Jose and San Francisco are easily accessible from Highway 101. It's where everything matters and it's all here waiting for you. Buyers and agents to verify all information about the property.

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

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
P. A. Walsh Steam Academy Primary Regular 601 24 2
Lewis H. Britton Middle School Middle Regular 624 25 4
Ann Sobrato High School High Regular 1,451 62 8

P. A. Walsh Steam Academy

  • Education Level: Primary
  • # of students: 601
  • # of teachers: 24
2
GreatSchools Rating

Lewis H. Britton Middle School

  • Education Level: Middle
  • # of students: 624
  • # of teachers: 25
4
GreatSchools Rating

Ann Sobrato High School

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

$913,500$1,116,500$1,015,000

PURCHASE PRICE

$3,519$4,301$3,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,910
EXPENSES Loan Payment -$3,745
Property Tax -$1,035
Property Insurance -$80
Property Management Fees -$152
CASH FLOW
-$1,102

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.

$1,015,000

PROJECTED PRICE

$3,910

PROJECTED RENT

0.39%

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

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$274,725

INVESTMENT

$274,725

Down Payment
$253,750
Rehab Estimate
$5,750
Closing Costs
$15,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,745

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $253,750
Loan Amount $761,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$8,528

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
  • $4,427

    COMP ESTIMATED VALUE
  • $2.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,0003$4,350
$4,350
RENT COMPS ANALYSIS
  • 16740 Lone Hill Dr Morgan Hill, CA 1
    • 3 beds 3 baths ∙ 2,186 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,186 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17825 Calle Hermosa Morgan Hill, CA 2
    • 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 2005
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.97
    •  
  • 15770 Piazza Way Morgan Hill, CA 3
    • 4 beds 3 baths ∙ 2,090 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,090 Sqft ∙ Built 2014
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $2.08
    •  
PROPERTY LISTING DETAILS
Maggie Gray
Gsw Realty
BESbswy