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1979 Junewood Ave San Jose, CA 95132

5 Beds 3 Baths 2,002 sqft Built 1969

$1,379,000

List Price

$4,110

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $688.81
  • 3 Days on Market
  • MLS # : ML81826064
  • Updated Date : 01/15/2021 at 23:10
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,002 sqft
  • Baths : 2 full , 1 half
Listing Agent

Archers Homes

Listing Agent's Description

Gorgeous home in wonderful Berryessa neighborhood. This spacious and bright home has been completely updated with designer finishes. Fine wood flooring runs throughout the living room, kitchen and family room. Ample recessed lights throughout. Quartz fireplace. The well-appointed gourmet kitchen comes with professional grade stainless steel appliances and quartz countertops and overlooks the deck in the backyard. On the upper level, the upgraded carpeting flows to updated bathrooms and bright bedrooms. The master bedroom comes with a fabulous bathroom retreat. The generous backyard offers quiet privacy with no neighbors to the back. Views of hills and the city lights below. Easy access to restaurants and freeways.

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

Neighborhood: Capewood

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $357k1220k

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

Neighborhood: Capewood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17473804

* 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
Laneview Elementary School Primary Regular 435 20 7
Morrill Middle School Middle Regular 729 33 7
Independence High School High Magnet 3,118 121 7

Laneview Elementary School

  • Education Level: Primary
  • # of students: 435
  • # of teachers: 20
7
GreatSchools Rating

Morrill Middle School

  • Education Level: Middle
  • # of students: 729
  • # of teachers: 33
7
GreatSchools Rating

Independence High School

  • Education Level: High
  • # of students: 3,118
  • # of teachers: 121
7
GreatSchools Rating
 

$1,241,100$1,516,900$1,379,000

PURCHASE PRICE

$3,699$4,521$4,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,110
EXPENSES Loan Payment -$4,790
Property Tax -$1,611
Property Insurance -$75
Property Management Fees -$160
CASH FLOW
-$2,527

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.

$1,379,000

PROJECTED PRICE

$4,110

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.4%
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-$45k-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$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$371,185

INVESTMENT

$371,185

Down Payment
$344,750
Rehab Estimate
$5,750
Closing Costs
$20,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,790

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $344,750
Loan Amount $1,034,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$9

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $4,057

    COMP ESTIMATED VALUE
  • $2.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,8003$3,8004$4,100
$4,100
RENT COMPS ANALYSIS
  • 1979 Junewood Ave San Jose, CA 1
    • 5 beds 3 baths ∙ 2,002 Sqft ∙ Built 1969 5 beds 3 baths ∙ 2,002 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1259 Lodestone Dr San Jose, CA 2
    • 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1973
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.88
    •  
  • 2242 Farmcrest St Milpitas, CA 3
    • 4 beds 3 baths ∙ 1,939 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,939 Sqft ∙ Built 1989
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.96
    •  
  • 1217 Pembroke Dr San Jose, CA 4
    • 4 beds 3 baths ∙ 1,831 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,831 Sqft ∙ Built 1971
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $2.24
    •  
PROPERTY LISTING DETAILS
Michael Cheng
Archers Homes
BESbswy