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16940 Marbella Ct Morgan Hill, CA 95037

4 Beds 3 Baths 2,807 sqft Built 1990

$1,349,888

List Price

$3,920

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $480.90
  • 47 Days on Market
  • MLS # : ML81818799
  • Updated Date : 12/18/2020 at 17:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,807 sqft
  • Baths : 3 full
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Gorgeous upscale 4 bed, 3 bath home offers tasteful finishes in a 2-story floor plan perfect for entertaining. Upgrades throughout include: Fresh interior paint, newly refinished maple hardwood flooring, tumbled marble tile, premium textured carpeting, black out blinds in living room & bedrooms. Kitchen features granite counters, modern appliances & gas cooktop, and opens to dining nook with built in wet bar and spacious family room with vaulted ceilings. Versatile downstairs bedroom can be used as an office or bedroom, complete with built in Murphy bed. Master retreat features large Euro-Designed custom walk-in closet, 2-way fireplace, views of hills, & ensuite bath w/Carrera Marble, deep soaking jetted tub & over-sized shower. Newly designed backyard is low maintenance and ready for evenings with family and friends. Sonora Ranch offers playground, swimming pool & BBQ area. Minutes from top schools (Nordstrom Elementary), parks, trails, and downtown Morgan Hill's dining and shopping.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Nordstrom Elementary School Primary Regular 637 24 6
Nordstrom Elementary School Middle Regular 637 24 6
Live Oak High School High Regular 1,050 42 7

Nordstrom Elementary School

  • Education Level: Primary
  • # of students: 637
  • # of teachers: 24
6
GreatSchools Rating

Nordstrom Elementary School

  • Education Level: Middle
  • # of students: 637
  • # of teachers: 24
6
GreatSchools Rating

Live Oak High School

  • Education Level: High
  • # of students: 1,050
  • # of teachers: 42
7
GreatSchools Rating
 

$1,214,899$1,484,877$1,349,888

PURCHASE PRICE

$3,528$4,312$3,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,920
EXPENSES Loan Payment -$4,980
Property Tax -$1,363
Property Insurance -$95
HOA -$190
Property Management Fees -$153
CASH FLOW
-$2,862

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.

$1,349,888

PROJECTED PRICE

$3,920

PROJECTED RENT

0.29%

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$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$50k-$40k-$30k-$20k-$10k$0.0

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$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$363,470

INVESTMENT

$363,470

Down Payment
$337,472
Rehab Estimate
$5,750
Closing Costs
$20,248

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,980

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $337,472
Loan Amount $1,012,416
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$63

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
  • $3,509

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,200
$3,200
RENT COMPS ANALYSIS
  • 16940 Marbella Ct Morgan Hill, CA 1
    • 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17515 Montoya Cir Morgan Hill, CA 2
    • 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 1990
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.25
    •  
PROPERTY LISTING DETAILS
Todd Brown
Intero Real Estate Services
BESbswy