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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $1,128.69
- 5 Days on Market
- MLS # : ML81821950
- Updated Date : 12/03/2020 at 16:25
CONSTRUCTION
- Beds : 3
- Floor Size : 1,593 sqft
- Baths : 2 full , 1 half
Listing Agent
Deleon Realty
Listing Agent's Description
Just moments from the excitement of downtown Mountain View, this beautiful home of nearly 1,600 square feet offers 3 bedrooms, 2.5 bathrooms, and a modern floorplan. An inviting front porch welcomes you, while inside, high ceilings, crown molding, and hardwood floors create a stylish ambiance. Entertain guests in the expansive living room, craft delicious meals in the granite-appointed kitchen, and spend relaxing evenings by the fireplace in the family room. Three bedrooms provide the accommodations, including the large master suite, and one bedroom that easily converts into an office to meet all work-from-home needs. The peaceful backyard offers great space for outdoor enjoyment with a patio and colorful plantings. Adding the finishing touch, this great location is close to top tech companies, major commute routes, and is served by excellent Mountain View schools (buyer to verify eligibility).
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: Old Mountain View
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Old Mountain View
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,580 |
| EXPENSES | Loan Payment | -$6,634 |
| Property Tax | -$1,807 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$179 | |
|
CASH FLOW
-$4,105
|
||
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.
$1,798,000
PROJECTED PRICE
$4,580
PROJECTED RENT
0.25%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 14.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.40% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$482,220
LOAN DETAILS
$6,634
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $449,500 |
| Loan Amount | $1,348,500 |
-0.17
YEARS SAVED
-$152
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,580
LIST RENT -
$2.88
LIST RENT PER SQFT
-
$4,596
COMP ESTIMATED VALUE -
$2.89
COMP AVG. RENT PER SQFT
Comps Range
-
170 Centre St Mountain View, CA 3
- 3 beds 3 baths ∙ 1,593 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,593 Sqft ∙ Built 2002
![property image]()
- Rent
- Rent Per SQFT
- $4,580
- $2.88
-
972 Belmont Ter 3 Sunnyvale, CA 1
- 3 beds 3 baths ∙ 1,363 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,363 Sqft ∙ Built 1986
![property image]()
LEASED 10/31/20- Rent
- Rent Per SQFT
- $3,575
- $2.62
-
241 Granada Dr Mountain View, CA 2
- 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 2007
![property image]()
LEASED 11/29/20- Rent
- Rent Per SQFT
- $4,500
- $2.50
-
331 Deerwood Ct Mountain View, CA 4
- 3 beds 3 baths ∙ 1,460 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,460 Sqft ∙ Built 1988
![property image]()
LEASED 12/31/19- Rent
- Rent Per SQFT
- $4,700
- $3.22
-
401 Chagall St Mountain View, CA 5
- 3 beds 4 baths ∙ 1,560 Sqft ∙ Built 2012 3 beds 4 baths ∙ 1,560 Sqft ∙ Built 2012
![property image]()
LEASED 07/26/20- Rent
- Rent Per SQFT
- $4,990
- $3.20
PROPERTY LISTING DETAILS
Deleon Realty
