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17416 Walnut Grove Dr Morgan Hill, CA 95037

4 Beds 4 Baths 3,284 sqft Built 1996

$1,475,000

List Price

$4,340

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $449.15
  • 2 Days on Market
  • MLS # : ML81818519
  • Updated Date : 11/02/2020 at 16:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,284 sqft
  • Baths : 3 full , 1 half
Listing Agent

Century Medallion Of Los Gatos

Listing Agent's Description

Welcome to an executive Morgan Hill Neighborhood, close to Downtown. Come spend your holidays in this beautiful home nestled in the Bittick Place neighborhood. This two story home, with attached 3 car garage has a master bedroom suite on the ground floor with double sink vanity, separate tub, and stall shower with Marble counters and floors, with inviting tub with jets, large walk-in closet. Includes custom built in cabinets and bookshelves in all the right areas including a room made perfect for home office or den with natural lighting. Home has a spacious open living and dining room feel with high ceiling to enjoy with two fireplaces. Kitchen has plenty of counter space with island cook top. The bedrooms are large with some walk-in closets, 3 hidden storage closets. Gorgeous back yard is ready for entertaining with pool and spa, with roses, palm trees and large grass area with an extra fenced area for pool supplies or Dog run. Easily accessible to highway 101.

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

Zip Code: 95037

ZipNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1220k

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

Zip Code: 95037

ZipNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17853804

* 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
El Toro Elementary School Primary Regular 475 18 3
Martin Murphy Middle School Middle Regular 479 20 6
Ann Sobrato High School High Regular 1,451 62 8

El Toro Elementary School

  • Education Level: Primary
  • # of students: 475
  • # of teachers: 18
3
GreatSchools Rating

Martin Murphy Middle School

  • Education Level: Middle
  • # of students: 479
  • # of teachers: 20
6
GreatSchools Rating

Ann Sobrato High School

  • Education Level: High
  • # of students: 1,451
  • # of teachers: 62
8
GreatSchools Rating
 

$1,327,500$1,622,500$1,475,000

PURCHASE PRICE

$3,906$4,774$4,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,340
EXPENSES Loan Payment -$5,442
Property Tax -$1,490
Property Insurance -$106
Property Management Fees -$169
CASH FLOW
-$2,867

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.

$1,475,000

PROJECTED PRICE

$4,340

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$396,625

INVESTMENT

$396,625

Down Payment
$368,750
Rehab Estimate
$5,750
Closing Costs
$22,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$5,442

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $368,750
Loan Amount $1,106,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$1

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
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$0
1$0
$0
RENT COMPS ANALYSIS
  • 17416 Walnut Grove Dr Morgan Hill, CA
    • 4 beds 4 baths ∙ 3,284 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,284 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
PROPERTY LISTING DETAILS
Oscar Martinez
Century Medallion Of Los Gatos
BESbswy