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2147 W Hedding St San Jose, CA 95128

3 Beds 2 Baths 1,540 sqft Built 1955

$1,249,000

List Price

$4,190

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

January 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $811.04
  • 8 Days on Market
  • MLS # : ML81825277
  • Updated Date : 01/10/2021 at 20:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,540 sqft
  • Baths : 2 full
Listing Agent

Sereno Group

Listing Agent's Description

Awesome single family home in great location. Close to freeways, Santa Row and Valley Fair! Remodel includes double pane windows, Custom Kitchen with Custom Cabinetryw self closing cabinets and drawers, Top of the line appliances, granite slab counter tops w custom backsplash. Tile floors, Hardwood floors! Presidential Roof! Coffered ceilings in dining/family rooms! Crown Moulding and new baseboards. Wood Burning fireplace. Tankless Water Heater! 6 panel doors throughout Remodeled bathrooms! New plumbing and light fixtures! New light switches w dimmers, new smart thermostat controls! New soil moisture sensor control for backyard irrigation. New Drain pipes in kitchen and new gas lines! New Soft Water System! Large covered screen room! Great location! Move right in! Property located off a side arm of Hedding so not busy!

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: Bascom Forest

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $373k1383k

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

Neighborhood: Bascom Forest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17103818

* 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
Trace Elementary School Primary Regular 979 35 4
Hoover Middle School Middle Magnet 1,074 49 3
Abraham Lincoln High School High Regular 1,851 79 7

Trace Elementary School

  • Education Level: Primary
  • # of students: 979
  • # of teachers: 35
4
GreatSchools Rating

Hoover Middle School

  • Education Level: Middle
  • # of students: 1,074
  • # of teachers: 49
3
GreatSchools Rating

Abraham Lincoln High School

  • Education Level: High
  • # of students: 1,851
  • # of teachers: 79
7
GreatSchools Rating
 

$1,124,100$1,373,900$1,249,000

PURCHASE PRICE

$3,771$4,609$4,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,190
EXPENSES Loan Payment -$4,338
Property Tax -$1,395
Property Insurance -$64
Property Management Fees -$163
CASH FLOW
-$1,771

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.

$1,249,000

PROJECTED PRICE

$4,190

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.7%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

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

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$336,735

INVESTMENT

$336,735

Down Payment
$312,250
Rehab Estimate
$5,750
Closing Costs
$18,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,338

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $312,250
Loan Amount $936,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$524

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,190

    LIST RENT
  • $2.72

    LIST RENT PER SQFT
  • $4,430

    COMP ESTIMATED VALUE
  • $2.88

    COMP AVG. RENT PER SQFT
Comps Range
$3,750
1$3,7502$3,7903$3,8004$4,190
$4,190
RENT COMPS ANALYSIS
  • 2147 W Hedding St San Jose, CA 4
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1955
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,190
    • $2.72
    •  
  • 1347 Lexington St Santa Clara, CA 1
    • 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1940
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $3.00
    •  
  • 962 Sunlite Dr Santa Clara, CA 2
    • 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1949
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,790
    • $2.59
    •  
  • 623 Pineview Dr San Jose, CA 3
    • 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1953
    property image
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $3.04
    •  
PROPERTY LISTING DETAILS
John Faylor
Sereno Group
BESbswy