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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $541.07
- 2 Days on Market
- MLS # : ML81818824
- Updated Date : 11/14/2020 at 12:50
CONSTRUCTION
- Beds : 3
- Floor Size : 1,181 sqft
- Baths : 1 full , 1 half
Listing Agent
Century 21 Mm
Listing Agent's Description
Conveniently located just minutes from downtown and Highway 101. This beautiful 2-story home, located on a quiet cul-de-sac, has 3 bedrooms and 1.5 bathrooms, a 2-car attached garage, and an inviting front entrance with courtyard, roomy kitchen with dining area, updated bathrooms, updated windows and cozy fireplace in the living room. The lush backyard is ready for entertaining with a covered patio equipped with a fan for Gilroys warm summer evenings, as well as a good-sized lawn and various fruit trees.
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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
Zip Code: 95020
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 95020
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,770 |
| EXPENSES | Loan Payment | -$2,358 |
| Property Tax | -$651 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$424
|
||
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.
$639,000
PROJECTED PRICE
$2,770
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 8.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.19% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$175,085
LOAN DETAILS
$2,358
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $159,750 |
| Loan Amount | $479,250 |
3.25
YEARS SAVED
$21,109
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
-
$2,634
COMP ESTIMATED VALUE -
$2.23
COMP AVG. RENT PER SQFT
Comps Range
-
206 Carlyle Ct Gilroy, CA 1
- 3 beds 2 baths ∙ 1,181 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,181 Sqft ∙ Built 1972
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1143 Lerma Ln Gilroy, CA 2
- 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1987
![property image]()
LEASED 10/21/19- Rent
- Rent Per SQFT
- $2,950
- $2.23
PROPERTY LISTING DETAILS
Century 21 Mm
