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2116 Ebbesen Ave San Jose, CA 95124

4 Beds 3 Baths 2,155 sqft Built 1965

INVESTimate

$1,699,000

List Price

$4,900

$4,650 - $5,150

Rent Est.

$1,905,089  ( +12.13%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1965
  • Price/Sqft : $788.40
  • 7 Days on Market
  • MLS # : ML81806930
  • Updated Date : 08/22/2020 at 13:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,155 sqft
  • Baths : 3 full
Listing Agent

Thomas Rigdon, Broker

Listing Agent's Description

A Wonderful family home in a great neighborhood. Gorgeous large kitchen opens to enormous family room which leads you to a magnificent backyard with beautiful pool, garden area, separate studio/office, gardening shed and more...The perfect backyard. Master suite is on ground floor. The dining room/living room is separate and very spacious. Very loved and well maintained home in a great location with excellent schools.

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: Parker

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: Parker

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $18954493

* 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
Carlton Elementary School Primary Regular 705 28 9
Union Middle School Middle Regular 976 40 9
Leigh High School High Magnet 1,665 73 9

Carlton Elementary School

  • Education Level: Primary
  • # of students: 705
  • # of teachers: 28
9
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
 

$1,529,100$1,868,900$1,699,000

PURCHASE PRICE

$4,410$5,390$4,900

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M

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$6.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,900
EXPENSES Loan Payment -$6,269
Property Tax -$1,993
Property Insurance -$79
Property Management Fees -$191
CASH FLOW
-$3,632

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.

$1,699,000

PROJECTED PRICE

$4,900

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.13%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$455,985

INVESTMENT

$455,985

Down Payment
$424,750
Rehab Estimate
$5,750
Closing Costs
$25,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $424,750
Loan Amount $1,274,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$87

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,900

    LIST RENT
  • $2.27

    LIST RENT PER SQFT
  • $5,337

    COMP ESTIMATED VALUE
  • $2.48

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$4,5003$4,9004$6,800
$6,800
RENT COMPS ANALYSIS
  • 2116 Ebbesen Ave San Jose, 3
    • 4 beds 3 baths ∙ 2,155 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,155 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $2.27
    •  
  • 2934 Newark Way San Jose, 1
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1957
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.97
    •  
  • Chapman Dr Campbell, 2
    • 4 beds 3 baths ∙ 1,961 Sqft ∙ Built 1959 4 beds 3 baths ∙ 1,961 Sqft ∙ Built 1959
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.29
    •  
  • 830 Cherrystone Dr Los Gatos, 4
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1961 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1961
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,800
    • $3.17
    •  
PROPERTY LISTING DETAILS
Tom Rigdon
Thomas Rigdon, Broker
BESbswy