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1699 English Dr San Jose, CA 95129

4 Beds 3 Baths 2,388 sqft Built 1958

$1,999,998

List Price

$5,550

$5.3K - $5.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $837.52
  • 15 Days on Market
  • MLS # : ML81821192
  • Updated Date : 12/04/2020 at 21:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,388 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Beautiful, warm and inviting 4 bed, 2.5 bath single story home. Abundant windows provide plenty of interior natural light in the living areas. Generous open floor plan with spacious kitchen, family room and living room that opens to a large covered patio, backyard, outdoor grill and multiple areas to entertain. Stunning hardwood floors throughout that were recently refinished. Oversized windows face patio. Double sided fireplace to enjoy the colder evenings. Privacy abounds with special creek side setting. 4th bedroom is currently set up to be an office with built in shelving. Recently painted inside and out. Convenient access to award winning Country Lane Elementary, shopping, dining and freeways. What a way to start out 2021 with this amazing home!

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
 

$1,799,998$2,199,998$1,999,998

PURCHASE PRICE

$4,995$6,105$5,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,550
EXPENSES Loan Payment -$7,379
Property Tax -$2,320
Property Insurance -$85
Property Management Fees -$216
CASH FLOW
-$4,450

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.

$1,999,998

PROJECTED PRICE

$5,550

PROJECTED RENT

0.28%

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$8.0M

PROJECTED ANNUAL CASH FLOW

11530-$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$8.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$535,749

INVESTMENT

$535,749

Down Payment
$500,000
Rehab Estimate
$5,750
Closing Costs
$30,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$7,379

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $500,000
Loan Amount $1,499,999
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$146

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
  • $6,633

    COMP ESTIMATED VALUE
  • $2.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,8953$5,9504$6,3005$6,900
$6,900
RENT COMPS ANALYSIS
  • 1699 English Dr San Jose, CA 1
    • 4 beds 2 baths ∙ 2,388 Sqft ∙ Built 1958 4 beds 2 baths ∙ 2,388 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12477 Blue Meadow Ct Saratoga, CA 2
    • 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 1978
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,895
    • $2.55
    •  
  • 12488 Scully Ave Saratoga, CA 3
    • 4 beds 3 baths ∙ 2,202 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,202 Sqft ∙ Built 1968
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,950
    • $2.70
    •  
  • 19601 Via Escuela Dr Saratoga, CA 4
    • 4 beds 3 baths ∙ 2,149 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,149 Sqft ∙ Built 1967
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $6,300
    • $2.93
    •  
  • 18915 Devon Ave Saratoga, CA 5
    • 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 1951 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 1951
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,900
    • $2.93
    •  
PROPERTY LISTING DETAILS
Monica Lussier
Compass
BESbswy