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1739 Curtner Ave San Jose, CA 95124

4 Beds 3 Baths 2,042 sqft Built 1966

$1,299,000

List Price

$4,450

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

October 27, 2020 RECENTLY ADDED
FACTS
  • Built In 1966
  • Price/Sqft : $636.14
  • 8 Days on Market
  • MLS # : ML81817545
  • Updated Date : 11/02/2020 at 12:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,042 sqft
  • Baths : 3 full
Listing Agent

Archers Homes

Listing Agent's Description

Fabulously updated split-level home in Willow Glen. This beautiful home has been completely updated with designer finishes. Fine wood flooring complements the bright and spacious living room. Ample recessed lights throughout. The well-appointed gourmet kitchen comes with professional grade stainless steel appliances and quartz countertops and overlooks the inviting pool in the backyard. On the upper level, the upgraded carpeting flows to updated bathrooms and bright bedrooms. On the lower level, a cozy family room with a fireplace leads through French doors to the resort-like backyard, with a pool, hot tub, BBQ pit, and cabana. This home is truly the place to host wonderful private gatherings. Top schools, solar power system, and restaurants in nearby downtown Willow Glen and Campbell complete this retreat.

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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: Willow Glen

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: Willow Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800400042004400Rent in $17044573

* 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
Booksin Elementary School Primary Regular 851 31 8
Willow Glen Middle School Middle Regular 1,259 57 6
Willow Glen High School High Regular 1,660 75 7

Booksin Elementary School

  • Education Level: Primary
  • # of students: 851
  • # of teachers: 31
8
GreatSchools Rating

Willow Glen Middle School

  • Education Level: Middle
  • # of students: 1,259
  • # of teachers: 57
6
GreatSchools Rating

Willow Glen High School

  • Education Level: High
  • # of students: 1,660
  • # of teachers: 75
7
GreatSchools Rating
 

$1,169,100$1,428,900$1,299,000

PURCHASE PRICE

$4,005$4,895$4,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,450
EXPENSES Loan Payment -$4,793
Property Tax -$1,451
Property Insurance -$76
HOA -$58
Property Management Fees -$174
CASH FLOW
-$2,101

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.

$1,299,000

PROJECTED PRICE

$4,450

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.0%
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-$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$349,985

INVESTMENT

$349,985

Down Payment
$324,750
Rehab Estimate
$5,750
Closing Costs
$19,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $324,750
Loan Amount $974,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$199

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $4,450

    LIST RENT
  • $2.18

    LIST RENT PER SQFT
  • $4,896

    COMP ESTIMATED VALUE
  • $2.4

    COMP AVG. RENT PER SQFT
Comps Range
$4,450
1$4,4502$4,5003$5,0004$5,3505$5,495
$5,495
RENT COMPS ANALYSIS
  • 1739 Curtner Ave San Jose, CA 1
    • 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 1966
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,450
    • $2.18
    •  
  • 1477 Husted Ave San Jose, CA 2
    • 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1951 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1951
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.33
    •  
  • 456 Manchester Ave Campbell, CA 3
    • 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 1955 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 1955
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.45
    •  
  • 1591 Phantom Ave San Jose, CA 4
    • 3 beds 3 baths ∙ 2,132 Sqft ∙ Built 1955 3 beds 3 baths ∙ 2,132 Sqft ∙ Built 1955
    property image
    LEASED 06/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,350
    • $2.51
    •  
  • 2247 Constitution Dr San Jose, CA 5
    • 3 beds 3 baths ∙ 2,392 Sqft ∙ Built 1966 3 beds 3 baths ∙ 2,392 Sqft ∙ Built 1966
    property image
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,495
    • $2.30
    •  
PROPERTY LISTING DETAILS
Michael Cheng
Archers Homes
BESbswy