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19889 Graystone Ln San Jose, CA 95120

3 Beds 3 Baths 1,940 sqft Built 1960

$1,650,000

List Price

$3,900

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1960
  • Price/Sqft : $850.52
  • 2 Days on Market
  • MLS # : ML81814659
  • Updated Date : 11/07/2020 at 07:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,940 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Totally spectacular views from this newly remodeled home!! New 2500 sqft deck with 270 deg panoramic view of Almaden Valley and Mt. Umunhum. Deck features built-in planters and benches. 600 sqft covered patio entertainment space. New natural rock patio and extensive landscaping on grounds. Enlarged and fully remodeled master bathroom with walk-in shower that includes built-in smart speaker. Fully renovated second bathroom and powder room. New European style hardwood flooring throughout the house. Remodeled open plan kitchen with recessed lighting and stainless steel appliances. New modern style cooktop and stainless steel kitchen sink. New custom quartz countertops and updated sleek white cabinetry for a modern look. Two refurbished and re-designed working fireplaces located in the living room and family room. Twenty ft wide bay windows 2 car covered carport Top Almaden Schools: Graystone, Bret Harte, Leland

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: Brianna

NeighborhoodNIR Market*CityMarket2010Year20002019400k600k800k1000k1200k1400k1600k1800k2000k2200k2400kPrice in $380k2443k

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

Neighborhood: Brianna

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000250030003500400045005000550060006500Rent in $19076874

* 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
Graystone Elementary School Primary Regular 687 25 8
Bret Harte Middle School Middle Regular 1,215 52 8
Leland High School High Regular 1,784 71 9

Graystone Elementary School

  • Education Level: Primary
  • # of students: 687
  • # of teachers: 25
8
GreatSchools Rating

Bret Harte Middle School

  • Education Level: Middle
  • # of students: 1,215
  • # of teachers: 52
8
GreatSchools Rating

Leland High School

  • Education Level: High
  • # of students: 1,784
  • # of teachers: 71
9
GreatSchools Rating
 

$1,485,000$1,815,000$1,650,000

PURCHASE PRICE

$3,510$4,290$3,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,900
EXPENSES Loan Payment -$6,088
Property Tax -$1,729
Property Insurance -$74
Property Management Fees -$152
CASH FLOW
-$4,143

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.

$1,650,000

PROJECTED PRICE

$3,900

PROJECTED RENT

0.24%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$443,000

INVESTMENT

$443,000

Down Payment
$412,500
Rehab Estimate
$5,750
Closing Costs
$24,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $412,500
Loan Amount $1,237,500
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$254

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
  • $4,161

    COMP ESTIMATED VALUE
  • $2.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5953$3,8004$4,0005$4,100
$4,100
RENT COMPS ANALYSIS
  • 19889 Graystone Ln San Jose, CA 1
    • 3 beds 3 baths ∙ 1,940 Sqft ∙ Built 1960 3 beds 3 baths ∙ 1,940 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6554 Crown Blvd San Jose, CA 2
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1967
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,595
    • $2.25
    •  
  • 6121 Maree Ct San Jose, CA 3
    • 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1970
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.24
    •  
  • 5894 Paddon Cir San Jose, CA 4
    • 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 1972
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.17
    •  
  • 1014 Redmond Ct San Jose, CA 5
    • 4 beds 3 baths ∙ 2,139 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,139 Sqft ∙ Built 1967
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.92
    •  
PROPERTY LISTING DETAILS
Therese Swan
Compass
BESbswy