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

1835 Silverwings Ct Morgan Hill, CA 95037

4 Beds 3 Baths 3,365 sqft Built 1997

$1,950,000

List Price

$4,620

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $579.49
  • 3 Days on Market
  • MLS # : ML81822267
  • Updated Date : 12/04/2020 at 13:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,365 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

Exceptional property in the sought after northeast quadrant of Morgan Hill. Gracious floorplan features high ceilings, 2 story foyer with sweeping staircase, a formal living and dining room, butler's pantry, large family room that opens to the bright kitchen and breakfast nook. One full bedroom and bath downstairs. This home is the epitome of move in ready. Every room is freshly painted and all carpet is brand new. Appliances are new or newer. Every bedroom has a view. Luxurious master suite with balcony view of Anderson Dam and surrounding hillside, large walk-in closet, master bath has separate shower, tub and toilet room. Gorgeous California backyard with mature landscape and trees. Views of the surrounding hills and neighborhood. Quick walk to Coyote Creek Trail. Hard to find home with no HOA.

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
Nordstrom Elementary School Primary Regular 637 24 6
Martin Murphy Middle School Middle Regular 479 20 6
Ann Sobrato High School High Regular 1,451 62 8

Nordstrom Elementary School

  • Education Level: Primary
  • # of students: 637
  • # of teachers: 24
6
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
 

$1,755,000$2,145,000$1,950,000

PURCHASE PRICE

$4,158$5,082$4,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,620
EXPENSES Loan Payment -$7,195
Property Tax -$1,958
Property Insurance -$108
Property Management Fees -$180
CASH FLOW
-$4,821

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.

$1,950,000

PROJECTED PRICE

$4,620

PROJECTED RENT

0.24%

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$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M

PROJECTED ANNUAL CASH FLOW

11530-$80k-$70k-$60k-$50k-$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$6.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$522,500

INVESTMENT

$522,500

Down Payment
$487,500
Rehab Estimate
$5,750
Closing Costs
$29,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$7,195

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $487,500
Loan Amount $1,462,500
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$264

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,620

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $4,879

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$4,399
1$4,3992$4,620
$4,620
RENT COMPS ANALYSIS
  • 1835 Silverwings Ct Morgan Hill, CA 2
    • 4 beds 3 baths ∙ 3,365 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,365 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $4,620
    • $1.37
    •  
  • 1680 Martinez Way Morgan Hill, CA 1
    • 4 beds 3 baths ∙ 3,040 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,040 Sqft ∙ Built 2014
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,399
    • $1.45
    •  
PROPERTY LISTING DETAILS
Van Dahlen Dunne Group
Compass
BESbswy