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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $656.58
- 3 Days on Market
- MLS # : BE40931133
- Updated Date : 12/11/2020 at 03:05
CONSTRUCTION
- Beds : 4
- Floor Size : 2,114 sqft
- Baths : 3 full , 1 half
Listing Agent
Calres Realty
Listing Agent's Description
NEW CONSTRUCTION! Call for Offers! Araujo Villas is situated in the beautiful neighborhood of Berryessa in San Jose. The metropolitan City of San Jose is the 3rd most populous city in California. Surrounded by rolling hills in the heart of Silicon Valley, it is the place to be for its cultural, political, and economical background. With its booming tech industry, San Jose one of the most well known cities in the United States and the World. Araujo Villas is conveniently located within a mile away from the new BART/VTA station. Making your work day commute that much easier. It is designed with all modes of travel in mind, with a strong focus on the needs of bicyclists and pedestrians. The Station includes more than 180 bicycle parking spaces in its bike facilities. Pedestrians may access the Station via the Upper Penitencia Creek Trail that as been extended from King Road.
SEE MORE
MARKET HIGHLIGHTS
- 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)
- San Jose metro has 67.6% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Berryessa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Berryessa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,890 |
| EXPENSES | Loan Payment | -$5,121 |
| Property Tax | -$1,622 | |
| Property Insurance | -$78 | |
| HOA | -$208 | |
| Property Management Fees | -$152 | |
|
CASH FLOW
-$3,291
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.
$1,388,000
PROJECTED PRICE
$3,890
PROJECTED RENT
0.28%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 12.2% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 5.19% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$369,820
LOAN DETAILS
$5,121
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $347,000 |
| Loan Amount | $1,041,000 |
-0.17
YEARS SAVED
-$167
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,890
LIST RENT -
$1.84
LIST RENT PER SQFT
-
$4,133
COMP ESTIMATED VALUE -
$1.96
COMP AVG. RENT PER SQFT
Comps Range
-
1779 Clove Court San Jose, CA 3
- 4 beds 4 baths ∙ 2,114 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,114 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $3,890
- $1.84
-
1503 Mercado Way San Jose, CA 1
- 3 beds 4 baths ∙ 1,775 Sqft ∙ Built 2014 3 beds 4 baths ∙ 1,775 Sqft ∙ Built 2014
![property image]()
LEASED 09/28/20- Rent
- Rent Per SQFT
- $3,550
- $2.00
-
1996 Momentum Dr Milpitas, CA 2
- 3 beds 4 baths ∙ 1,882 Sqft ∙ Built 2015 3 beds 4 baths ∙ 1,882 Sqft ∙ Built 2015
![property image]()
LEASED 11/01/20- Rent
- Rent Per SQFT
- $3,650
- $1.94
-
1176 Mckay Dr San Jose, CA 4
- 4 beds 4 baths ∙ 2,035 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,035 Sqft ∙ Built 2006
![property image]()
LEASED 04/28/20- Rent
- Rent Per SQFT
- $4,000
- $1.97
-
1801 Bright Willow Cir San Jose, CA 5
- 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 2005
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $4,100
- $1.91
PROPERTY LISTING DETAILS
Calres Realty
