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1767 Chaucer Dr San Jose, CA 95116

4 Beds 2 Baths 1,263 sqft Built 1960

$590,000

List Price

$3,240

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $467.14
  • 3 Days on Market
  • MLS # : ML81820230
  • Updated Date : 11/14/2020 at 14:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,263 sqft
  • Baths : 2 full
Listing Agent

Realty One Group Infinity

Listing Agent's Description

"Flipper Special" Being sold As-Is for All-Cash due to condition. Probate sale with court confirmation required. Easy process but escrow time will take a little longer than the normal 30 days. No inspections will be provided. Buyer to do own due diligence as to condition.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Arbuckle

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $270k1220k

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

Neighborhood: Arbuckle

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17833804

* 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
Arbuckle Elementary School Primary Regular 328 17 1
Lee Mathson Middle School Middle Regular 403 20 2
Independence High School High Magnet 3,118 121 7

Arbuckle Elementary School

  • Education Level: Primary
  • # of students: 328
  • # of teachers: 17
1
GreatSchools Rating

Lee Mathson Middle School

  • Education Level: Middle
  • # of students: 403
  • # of teachers: 20
2
GreatSchools Rating

Independence High School

  • Education Level: High
  • # of students: 3,118
  • # of teachers: 121
7
GreatSchools Rating
 

$531,000$649,000$590,000

PURCHASE PRICE

$2,916$3,564$3,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,240
EXPENSES Loan Payment -$2,177
Property Tax -$722
Property Insurance -$58
Property Management Fees -$129
CASH FLOW
$154

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$590,000

PROJECTED PRICE

$3,240

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.84%
Appreciation Year (1-5) 12.6%
Maintenance Year (1-5) 8.00%
Vacancy 4.28%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$162,100

INVESTMENT

$162,100

Down Payment
$147,500
Rehab Estimate
$5,750
Closing Costs
$8,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,177

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $147,500
Loan Amount $442,500
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$73,816

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,240

    LIST RENT
  • $2.57

    LIST RENT PER SQFT
  • $3,000

    COMP ESTIMATED VALUE
  • $2.38

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$3,2403$3,500
$3,500
RENT COMPS ANALYSIS
  • 1767 Chaucer Dr San Jose, CA 2
    • 4 beds 2 baths ∙ 1,263 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,263 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $3,240
    • $2.57
    •  
  • 2125 Amstel Court San Jose, CA 1
    • 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 1976
    LEASED 07/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.33
    •  
  • 522 N 20th St San Jose, CA 3
    • 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1950
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.42
    •  
PROPERTY LISTING DETAILS
Gary Morgan
Realty One Group Infinity
BESbswy