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2082 Rosswood Dr San Jose, CA 95124

3 Beds 2 Baths 1,225 sqft Built 1958

$1,250,000

List Price

$3,450

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $1,020.41
  • 3 Days on Market
  • MLS # : ML81820964
  • Updated Date : 11/20/2020 at 15:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,225 sqft
  • Baths : 2 full
Listing Agent

Intero Real Estate Services

Listing Agent's Description

The home you have been waiting for! Located in the most desirable neighborhood of Cambrian, this 3 bed 2 bath home has been meticulously maintained and upgraded. Kitchen was fully remodeled in 2018 and no expense was spared - granite countertops, slow close cabinets, high-end Viking range, GE Cafe fridge with integrated Keurig, breakfast bar, and so much more. Enjoy your spacious primary bathroom that was remodeled in 2014 with all Pottery Barn finishing. Gorgeous and modern hall bath was remodeled in 2016 - Newport Brass faucets, Restoration Hardware cabinetry, carrera marble flooring, subway tile shower surround, and a soak-in rectangular tub. Double pane windows throughout, Central Heat & A/C, a 50 year composition presidential roof (2015), recessed lighting, a well appointed laundry room; this home is move in ready! Your backyard has a gorgeous pool, a large patio made of decomposed granite with gas hook ups for BBQ/fire pit, and plenty of space for entertaining! Don't Miss Out!

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: Los Gatos

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: Los Gatos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $19074493

* 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
Alta Vista Elementary School Primary Regular 619 26 8
Union Middle School Middle Regular 976 40 9
Leigh High School High Magnet 1,665 73 9

Alta Vista Elementary School

  • Education Level: Primary
  • # of students: 619
  • # of teachers: 26
8
GreatSchools Rating

Union Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 40
9
GreatSchools Rating

Leigh High School

  • Education Level: High
  • # of students: 1,665
  • # of teachers: 73
9
GreatSchools Rating
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$3,105$3,795$3,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,450
EXPENSES Loan Payment -$4,612
Property Tax -$1,466
Property Insurance -$57
Property Management Fees -$135
CASH FLOW
-$2,819

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.

$1,250,000

PROJECTED PRICE

$3,450

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$105

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,450

    LIST RENT
  • $2.82

    LIST RENT PER SQFT
  • $3,459

    COMP ESTIMATED VALUE
  • $2.82

    COMP AVG. RENT PER SQFT
Comps Range
$3,450
1$3,4502$3,5003$3,8504$4,200
$4,200
RENT COMPS ANALYSIS
  • 2082 Rosswood Dr San Jose, CA 1
    • 3 beds 2 baths ∙ 1,225 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,225 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $2.82
    •  
  • 5036 Noella Way San Jose, CA 2
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1958
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.92
    •  
  • 14815 Los Gatos-almaden Rd San Jose, CA 3
    • 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1947
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $2.67
    •  
  • 4547 Tomrick Ave San Jose, CA 4
    • 4 beds 2 baths ∙ 1,457 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,457 Sqft ∙ Built 1965
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.88
    •  
PROPERTY LISTING DETAILS
Erfan Modir
Intero Real Estate Services
BESbswy