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

17828 Calle Tierra Morgan Hill, CA 95037

3 Beds 3 Baths 1,440 sqft Built 2001

INVESTimate

$799,999

List Price

$3,290

$3,040 - $3,540

Rent Est.

$868,719  ( +8.59%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $555.55
  • 3 Days on Market
  • MLS # : ML81807530
  • Updated Date : 08/24/2020 at 13:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,440 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty World West Cp

Listing Agent's Description

LOCATION LOCATION LOCATION! Beautiful home in a very desirable development! Bright two story home with 3 bedrooms and 2.5 baths, maple kitchen cabinets with granite countertops, dining area, spacious living room, upstairs laundry, laminate floors in living room and all bedrooms. Master suite is perfectly located away from the two bedrooms and offers private well appointed bath.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$719,999$879,999$799,999

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$2,952
Property Tax -$801
Property Insurance -$62
HOA -$252
Property Management Fees -$129
CASH FLOW
-$905

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.

$799,999

PROJECTED PRICE

$3,290

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.59%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,750

INVESTMENT

$217,750

Down Payment
$200,000
Rehab Estimate
$5,750
Closing Costs
$12,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $200,000
Loan Amount $599,999
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$4,989

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,290

    LIST RENT
  • $2.28

    LIST RENT PER SQFT
  • $3,154

    COMP ESTIMATED VALUE
  • $2.19

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,2903$3,400
$3,400
RENT COMPS ANALYSIS
  • 17828 Calle Tierra Morgan Hill, 2
    • 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $2.28
    •  
  • 580 San Pablo Ct Morgan Hill, 1
    • 3 beds 3 baths ∙ 1,360 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,360 Sqft ∙ Built 1997
    property image
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.21
    •  
  • 18282 Solano Pl Morgan Hill, 3
    • 3 beds 3 baths ∙ 1,567 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,567 Sqft ∙ Built 2014
    property image
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.17
    •  
PROPERTY LISTING DETAILS
Fred Cabeliza
Realty World West Cp
BESbswy