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

1719 Indigo Oak Ln San Jose, CA 95121

5 Beds 4 Baths 3,305 sqft Built 2001

$1,950,000

List Price

$5,080

$4.8K - $5.3K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $590.02
  • 3 Days on Market
  • MLS # : ML81821546
  • Updated Date : 11/27/2020 at 13:16
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,305 sqft
  • Baths : 4 full
Listing Agent

Block Change Real Estate

Listing Agent's Description

Welcome to your dream home! This stunning Ponderosa home is the former model. It will take your breath away with its dramatic staircase entry, cathedral ceilings, sweeping views, and a sophisticated interior where designer touches abound. Enjoy gourmet meals w/ family in a bright, recently remodeled epicurean kitchen with newer cabinetry with pull outs, a generous quartz center island, updated counters & backsplash and hardwood floors. Relax in your large master suite with gorgeous views. Unwind as you take in sunset views from a backyard designed for pure enjoyment. The backyard is perfect for entertaining with no rear neighbors, views, & fireplace. Upgrades throughout: Hardwood floors *Crown moldings*Wainscoting*Remodeled downstairs bath*Custom drapes*Smart home*Iron cast staircase*Updated fireplace*Bedrooms w/built ins*2nd junior master suite* 3 car tandem garage perfect for gym/workshop or room conversion* 5th bedroom converted into spacious 2nd family room* Award-winning 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: Silver Creek

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600k1700k1800kPrice in $380k1820k

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

Neighborhood: Silver Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q220002500300035004000450050005500Rent in $19075862

* 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
James F. Smith Elementary School Primary Regular 798 30 9
Chaboya Middle School Middle Regular 1,124 44 9
Silver Creek High School High Magnet 2,465 93 9

James F. Smith Elementary School

  • Education Level: Primary
  • # of students: 798
  • # of teachers: 30
9
GreatSchools Rating

Chaboya Middle School

  • Education Level: Middle
  • # of students: 1,124
  • # of teachers: 44
9
GreatSchools Rating

Silver Creek High School

  • Education Level: High
  • # of students: 2,465
  • # of teachers: 93
9
GreatSchools Rating
 

$1,755,000$2,145,000$1,950,000

PURCHASE PRICE

$4,572$5,588$5,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,080
EXPENSES Loan Payment -$7,195
Property Tax -$2,340
Property Insurance -$107
HOA -$27
Property Management Fees -$198
CASH FLOW
-$4,786

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.

$1,950,000

PROJECTED PRICE

$5,080

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$80k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$522,500

INVESTMENT

$522,500

Down Payment
$487,500
Rehab Estimate
$5,750
Closing Costs
$29,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$7,195

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $487,500
Loan Amount $1,462,500
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$280

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
  • $5,569

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,3503$5,495
$5,495
RENT COMPS ANALYSIS
  • 1719 Indigo Oak Ln San Jose, CA 1
    • 5 beds 4 baths ∙ 3,305 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,305 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1681 Heritage Bay Pl 25 San Jose, CA 2
    • 5 beds 5 baths ∙ 3,090 Sqft ∙ Built 2004 5 beds 5 baths ∙ 3,090 Sqft ∙ Built 2004
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,350
    • $1.73
    •  
  • 2789 Clara Smith Pl San Jose, CA 3
    • 5 beds 4 baths ∙ 3,353 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,353 Sqft ∙ Built 2003
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,495
    • $1.64
    •  
PROPERTY LISTING DETAILS
Thao Dang & Brian Ng
Block Change Real Estate
BESbswy