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17755 Calle Central Morgan Hill, CA 95037

3 Beds 3 Baths 1,975 sqft Built 2001

$1,100,000

List Price

$3,570

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $556.96
  • 3 Days on Market
  • MLS # : ML81822334
  • Updated Date : 12/04/2020 at 22:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,975 sqft
  • Baths : 2 full , 1 half
Listing Agent

Better Homes And Gardens Real Estate Vbp

Listing Agent's Description

Dont miss this great two story home with three bedrooms, two and one half baths on a large 6000+ lot. High ceilings and a fireplace in the living room plus a separate dining room off the living room make this a great place to be. Check out the oversized family room with an extra eating area plus a wet bar. The gourmet kitchen has lots of counter space and extra cabinets for entertaining. The three upstairs bedrooms and two baths plus the large laundry room with lots of cabinets and a separate sink makes your night time a great place to be. Check out the large master bath and the two closets for his and hers. Enjoy the oversized backyard and the HOA pool, tennis courts and play area next door make a great place to be in the warm months. Come check out this great home.

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
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,213$3,927$3,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,570
EXPENSES Loan Payment -$4,059
Property Tax -$1,113
Property Insurance -$75
HOA -$146
Property Management Fees -$139
CASH FLOW
-$1,962

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.

$1,100,000

PROJECTED PRICE

$3,570

PROJECTED RENT

0.32%

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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$61

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
  • $3,871

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3003$4,0004$4,350
$4,350
RENT COMPS ANALYSIS
  • 17755 Calle Central Morgan Hill, CA 1
    • 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17075 Saint Cecilia Lane Morgan Hill, CA 2
    • 3 beds 3 baths ∙ 1,808 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,808 Sqft ∙ Built 2013
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.83
    •  
  • 17825 Calle Hermosa Morgan Hill, CA 3
    • 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 2005
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.97
    •  
  • 15770 Piazza Way Morgan Hill, CA 4
    • 4 beds 3 baths ∙ 2,090 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,090 Sqft ∙ Built 2014
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $2.08
    •  
PROPERTY LISTING DETAILS
Peggy Francis
Better Homes And Gardens Real Estate Vbp
BESbswy