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1795 Conrad Ave San Jose, CA 95124

4 Beds 2 Baths 1,802 sqft Built 1956

$1,350,000

List Price

$4,460

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1956
  • Price/Sqft : $749.17
  • 3 Days on Market
  • MLS # : ML81819249
  • Updated Date : 11/06/2020 at 15:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,802 sqft
  • Baths : 2 full
Listing Agent

Next Generation Property Management & Sales Inc

Listing Agent's Description

Welcome to 1795 Conrad Avenue! Nestled in one of Cambrian Park's most sought after neighborhoods. .Beautifully remodeled kitchen and baths .Granite counters and stainless steel appliances Spacious main living areas are filled with natural light, perfect for entertaining. Working from home? There's plenty of room for everyone to spread out for your zoom calls. Large backyard with gazebo that has endless potential. Make it your own! Come see this beautifully cared for home with easy access to 85 and 17. Conveniently located near excellent schools, shopping and restaurants.

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: Oster

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $373k1320k

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

Neighborhood: Oster

NeighborhoodNIR 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
Oster Elementary School Primary Regular 526 22 9
Dartmouth Middle School Middle Regular 859 37 8
Leigh High School High Magnet 1,665 73 9

Oster Elementary School

  • Education Level: Primary
  • # of students: 526
  • # of teachers: 22
9
GreatSchools Rating

Dartmouth Middle School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 37
8
GreatSchools Rating

Leigh High School

  • Education Level: High
  • # of students: 1,665
  • # of teachers: 73
9
GreatSchools Rating
 

$1,215,000$1,485,000$1,350,000

PURCHASE PRICE

$4,014$4,906$4,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,460
EXPENSES Loan Payment -$4,981
Property Tax -$1,584
Property Insurance -$71
Property Management Fees -$174
CASH FLOW
-$2,349

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.

$1,350,000

PROJECTED PRICE

$4,460

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.7%
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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$363,500

INVESTMENT

$363,500

Down Payment
$337,500
Rehab Estimate
$5,750
Closing Costs
$20,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,981

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $337,500
Loan Amount $1,012,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$83

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,460

    LIST RENT
  • $2.48

    LIST RENT PER SQFT
  • $4,784

    COMP ESTIMATED VALUE
  • $2.66

    COMP AVG. RENT PER SQFT
Comps Range
$3,795
1$3,7952$3,7953$4,2004$4,4605$4,595
$4,595
RENT COMPS ANALYSIS
  • 1795 Conrad Ave San Jose, CA 4
    • 4 beds 2 baths ∙ 1,802 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,802 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $4,460
    • $2.48
    •  
  • 1452 Ridgewood Dr San Jose, CA 1
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1959
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $2.51
    •  
  • 1810 Brighten Ave San Jose, CA 2
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1958
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $2.56
    •  
  • 4547 Tomrick Ave San Jose, CA 3
    • 4 beds 2 baths ∙ 1,457 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,457 Sqft ∙ Built 1965
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.88
    •  
  • 5502 Taft Dr San Jose, CA 5
    • 4 beds 3 baths ∙ 1,723 Sqft ∙ Built 1960 4 beds 3 baths ∙ 1,723 Sqft ∙ Built 1960
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,595
    • $2.67
    •  
PROPERTY LISTING DETAILS
Terry Mcelroy
Next Generation Property Management & Sales Inc
BESbswy