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17828 Calle Tierra 
Morgan Hill, CA
95037
3 Beds 3 Baths 1,440 sqft
Built 2001
INVESTimate
$799,999
List Price
$217,750
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PROPERTY INFO
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.
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 95037
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
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
| 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
INVESTMENT
$217,750
LOAN DETAILS
$2,952
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $200,000 |
| Loan Amount | $599,999 |
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
-
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
Realty World West Cp
