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

205 Meadow Pine Pl San Jose, CA 95125

3 Beds 3 Baths 1,937 sqft Built 2004

$999,000

List Price

$3,830

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $515.75
  • 13 Days on Market
  • MLS # : ML81824646
  • Updated Date : 01/16/2021 at 09:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,937 sqft
  • Baths : 2 full , 1 half
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Fantastic Executive Home in Communications Hill Neighborhood. Well Appointed Home with Many Custom Features: Hardwood Floors, Top of the Line Window Shutters, Large Colonial Baseboards, 6 Panel Doors, High Ceilings,Designer Paint. Kitchen Boasts Granite Countertops, Stainless Steel Appliances Gas Range and Oven, Breakfast Bar, Recessed Lights. The Master Suite Has Oversized Soaking Tub, Spacious Shower, Dual Sinks, & A Walk-In Closet! Large Indoor Laundry Room with Lots of Storage. Comfortable Private Patio in Back and Nice Patio in Front. Walk to great restaurants, Home Depot, Target. Easy Access to Downtown Willow Glen, Highway 87, 85 and 280. Close to Train Station and Light Rail.

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: South San Jose

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $307k1220k

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

Neighborhood: South San Jose

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17833804

* 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
Shirakawa Elementary School Primary Regular 871 34 6
Shirakawa Elementary School Middle Regular 871 34 6
Yerba Buena High School High Magnet 1,782 74 6

Shirakawa Elementary School

  • Education Level: Primary
  • # of students: 871
  • # of teachers: 34
6
GreatSchools Rating

Shirakawa Elementary School

  • Education Level: Middle
  • # of students: 871
  • # of teachers: 34
6
GreatSchools Rating

Yerba Buena High School

  • Education Level: High
  • # of students: 1,782
  • # of teachers: 74
6
GreatSchools Rating
 

$899,100$1,098,900$999,000

PURCHASE PRICE

$3,447$4,213$3,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,830
EXPENSES Loan Payment -$3,470
Property Tax -$1,194
Property Insurance -$74
HOA -$202
Property Management Fees -$149
CASH FLOW
-$1,260

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$999,000

PROJECTED PRICE

$3,830

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.84%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 4.28%
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

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,485

INVESTMENT

$270,485

Down Payment
$249,750
Rehab Estimate
$5,750
Closing Costs
$14,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,470

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $249,750
Loan Amount $749,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,810

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
  • $3,859

    COMP ESTIMATED VALUE
  • $1.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4953$3,4954$3,6005$4,200
$4,200
RENT COMPS ANALYSIS
  • 205 Meadow Pine Pl San Jose, CA 1
    • 3 beds 3 baths ∙ 1,937 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,937 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 788 Altino Blvd San Jose, CA 2
    • 3 beds 4 baths ∙ 1,757 Sqft ∙ Built 2005 3 beds 4 baths ∙ 1,757 Sqft ∙ Built 2005
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.99
    •  
  • 206 Montalcino Cir San Jose, CA 3
    • 3 beds 4 baths ∙ 1,856 Sqft ∙ Built 2015 3 beds 4 baths ∙ 1,856 Sqft ∙ Built 2015
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.88
    •  
  • Mary Helen Ln San Jose, CA 4
    • 3 beds 4 baths ∙ 1,757 Sqft ∙ Built 2005 3 beds 4 baths ∙ 1,757 Sqft ∙ Built 2005
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.05
    •  
  • 212 Montalcino Cir San Jose, CA 5
    • 4 beds 4 baths ∙ 2,050 Sqft ∙ Built 1990 4 beds 4 baths ∙ 2,050 Sqft ∙ Built 1990
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.05
    •  
PROPERTY LISTING DETAILS
Gabe Reyes
Intero Real Estate Services
BESbswy