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222 Monte Vista Dr San Jose, CA 95125

3 Beds 3 Baths 1,937 sqft Built 2004

$999,999

List Price

$3,480

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $516.26
  • 3 Days on Market
  • MLS # : ML81826028
  • Updated Date : 01/15/2021 at 17:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,937 sqft
  • Baths : 2 full , 1 half
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Beautiful tree lined detached single family home up in Communication Hills. This is an end unit, which means no neighbors on one side with easy street parking for your visitors. Property has been with one owner since built in 2004. The home feels very spacious with high ceilings and tons of natural lighting in all rooms. The home has combined living/family room and the dining area leads to a cute patio area through French doors. Other highlights include: engineered hard wood floors, plush carpet on stairway and all three rooms, recess lighting, gas burning fireplace, granite counter tops, spacious master bedroom, master bath includes dual sink with separate tub and shower, second bathroom also has dual sink with shower/tub, half bathroom downstairs. The house has central AC and heating. Close to HWY 87/280, minutes to downtown SJ, Santana Row, Airport, High Tech Giants. Walk to The Plant for some coffee/lunch and shopping.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$899,999$1,099,999$999,999

PURCHASE PRICE

$3,132$3,828$3,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,480
EXPENSES Loan Payment -$3,473
Property Tax -$1,196
Property Insurance -$74
HOA -$200
Property Management Fees -$136
CASH FLOW
-$1,599

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.

$999,999

PROJECTED PRICE

$3,480

PROJECTED RENT

0.35%

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-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

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$270,750

INVESTMENT

$270,750

Down Payment
$250,000
Rehab Estimate
$5,750
Closing Costs
$15,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$3,473

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $250,000
Loan Amount $749,999
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$52

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
  • 222 Monte Vista Dr San Jose, CA 1
    • 3 beds 3 baths ∙ 1,937 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,937 Sqft ∙ Built 2004
    property image
    • 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
    property image
    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
    property image
    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
    property image
    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
    property image
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.05
    •  
PROPERTY LISTING DETAILS
Theresa Nguyen
Intero Real Estate Services
BESbswy