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1700 Zinnia Ln San Jose, CA 95124

5 Beds 3 Baths 2,160 sqft Built 1962

$1,699,000

List Price

$4,430

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1962
  • Price/Sqft : $786.57
  • 4 Days on Market
  • MLS # : ML81818322
  • Updated Date : 11/02/2020 at 09:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,160 sqft
  • Baths : 3 full
Listing Agent

Kw Bay Area Estates

Listing Agent's Description

Indulge in spacious living at this contemporary 5BD/3BA family-friendly home in a quiet neighborhood bordering Los Gatos. The lot is a startling 6076 sq ft w/ a beautiful, low maintenance xeriscaped yard. Once inside, follow the wrought iron railing upstairs for a view of the large owners suite w/ sliding colonial windows & closet space galore or prepare lunch in the updated, eat-in kitchen flaunting Tudor-style accentswarm wood cabinetry, stone backsplash, granite countertops, recessed lighting, & GE appliances. A bright, step down living room makes for the ideal gathering space w/ a fireplace & access to the outdoors. Open two sets of sliding glass doors to let in the California breeze & venture out to a massive, private backyard offering covered patio space, gardening beds, & a raised open-air workshop. Appreciate new wood floors, a 2-car garage, & enough storage for everyone. Find Belgatos Park at your doorstep & outstanding schools.

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: Noddin

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: Noddin

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $19074493

* 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
Guadalupe Elementary School Primary Regular 558 24 9
Dartmouth Middle School Middle Regular 859 37 8
Leigh High School High Magnet 1,665 73 9

Guadalupe Elementary School

  • Education Level: Primary
  • # of students: 558
  • # of teachers: 24
9
GreatSchools Rating

Dartmouth Middle School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 37
8
GreatSchools Rating

Leigh High School

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

$1,529,100$1,868,900$1,699,000

PURCHASE PRICE

$3,987$4,873$4,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,430
EXPENSES Loan Payment -$6,269
Property Tax -$1,993
Property Insurance -$79
Property Management Fees -$173
CASH FLOW
-$4,083

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.

$1,699,000

PROJECTED PRICE

$4,430

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.4%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$455,985

INVESTMENT

$455,985

Down Payment
$424,750
Rehab Estimate
$5,750
Closing Costs
$25,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $424,750
Loan Amount $1,274,250
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$212

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
  • $4,342

    COMP ESTIMATED VALUE
  • $2.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,875
$4,875
RENT COMPS ANALYSIS
  • 1700 Zinnia Ln San Jose, CA 1
    • 5 beds 3 baths ∙ 2,160 Sqft ∙ Built 1962 5 beds 3 baths ∙ 2,160 Sqft ∙ Built 1962
    property image
    • 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
    property image
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,875
    • $2.01
    •  
PROPERTY LISTING DETAILS
Jim Meech
Kw Bay Area Estates
BESbswy