Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South San Jose
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$270,750
LOAN DETAILS
$3,473
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $250,000 |
| Loan Amount | $749,999 |
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
-
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
Intero Real Estate Services
