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1995 Killarney Ct Gilroy, CA 95020

4 Beds 4 Baths 3,094 sqft Built 2003

$1,475,000

List Price

$4,180

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $476.73
  • 5 Days on Market
  • MLS # : ML81825579
  • Updated Date : 01/13/2021 at 14:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,094 sqft
  • Baths : 3 full , 1 half
Listing Agent

Sotheby's Int'l Realty-rancho

Listing Agent's Description

Single story living at its finest with cathedral ceilings and bonus area upstairs in this stunning and versatile floor plan on a coveted corner lot and quiet Killarney court just steps from the golf course and majestic hills in Eagle Ridge. Living is easy with three large bedrooms and two and a half baths, including spacious owners suite, on the ground level plus an additional bedroom, full bath, and comfortable loft above. The heart of this impeccably maintained home is the central and light-filled great room open to enormous chefs kitchen and breakfast area, exquisite formal dining, and executive office with French doors onto the garden. No expense spared in upgrades with rich hardwood floors, marble bath, custom closet system, granite counters, crown molding, solar, and meticulously landscaped private yard with multiple spaces for relaxing and entertaining. This property achieves the ideal in country club living!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Eagle Ridge

ZipNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $346k1220k

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

Neighborhood: Eagle Ridge

ZipNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $16443804

* 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
Las Animas Elementary School Primary Regular 681 25 6
Ascencion Solorsano Middle School Middle Regular 853 28 6
Gilroy High School High Regular 1,364 65 5

Las Animas Elementary School

  • Education Level: Primary
  • # of students: 681
  • # of teachers: 25
6
GreatSchools Rating

Ascencion Solorsano Middle School

  • Education Level: Middle
  • # of students: 853
  • # of teachers: 28
6
GreatSchools Rating

Gilroy High School

  • Education Level: High
  • # of students: 1,364
  • # of teachers: 65
5
GreatSchools Rating
 

$1,327,500$1,622,500$1,475,000

PURCHASE PRICE

$3,762$4,598$4,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,180
EXPENSES Loan Payment -$5,123
Property Tax -$1,482
Property Insurance -$102
HOA -$180
Property Management Fees -$163
CASH FLOW
-$2,870

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.

$1,475,000

PROJECTED PRICE

$4,180

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.1%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$396,625

INVESTMENT

$396,625

Down Payment
$368,750
Rehab Estimate
$5,750
Closing Costs
$22,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,123

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $368,750
Loan Amount $1,106,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$44

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,180

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $4,270

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$4,1803$4,400
$4,400
RENT COMPS ANALYSIS
  • 1995 Killarney Ct Gilroy, CA 2
    • 4 beds 4 baths ∙ 3,094 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,094 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $4,180
    • $1.35
    •  
  • 1027 Ruby Way Gilroy, CA 1
    • 4 beds 3 baths ∙ 2,918 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,918 Sqft ∙ Built 2016
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.30
    •  
  • 2580 Muirfield Way Gilroy, CA 3
    • 3 beds 3 baths ∙ 3,008 Sqft ∙ Built 2002 3 beds 3 baths ∙ 3,008 Sqft ∙ Built 2002
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.46
    •  
PROPERTY LISTING DETAILS
Thomas Zebrowski
Sotheby's Int'l Realty-rancho
BESbswy