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2252 Pumpherston Ct San Jose, CA 95148

4 Beds 2 Baths 1,457 sqft Built 1972

$999,999

List Price

$3,210

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $686.34
  • 5 Days on Market
  • MLS # : ML81824796
  • Updated Date : 01/08/2021 at 09:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,457 sqft
  • Baths : 2 full
Listing Agent

V-n Investments

Listing Agent's Description

1457sf, 4Br 2Bth, 2 enclosed car garage and a dark bottom pool Corner lot size 7633sf. Beautiful remodel Pool home in large corner lot.! Come to see a very open floor plan house!. New recess lighting design with new doors, windows plus 2 skylights welcome you to a natural brightness inside this house. The gray and white tones of new granite kitchen, granite bathrooms, a complete through-out laminate wood flooring give you a cool look when you need to relax, while the tan and brown tones of brick fireplace, oak laminate wall and wet bar in family room generate a warm feeling when you want enjoyment. Enclosed patio is thoughtfully connected to the dining room creates an inside cozy living space blending with the outside airy atmosphere. Large sliding door open to the back yard with a dark bottom pool and plenty of room for your entertainment and your dream garden The house is located in San Jose, Evergreen area, close to Capitol Express and easy access to all major freeways,

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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: Everydale - Neimen

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $307k1220k

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

Neighborhood: Everydale - Neimen

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
Holly Oak Elementary School Primary Regular 655 25 5
Holly Oak Elementary School Middle Regular 655 25 5
Silver Creek High School High Magnet 2,465 93 9

Holly Oak Elementary School

  • Education Level: Primary
  • # of students: 655
  • # of teachers: 25
5
GreatSchools Rating

Holly Oak Elementary School

  • Education Level: Middle
  • # of students: 655
  • # of teachers: 25
5
GreatSchools Rating

Silver Creek High School

  • Education Level: High
  • # of students: 2,465
  • # of teachers: 93
9
GreatSchools Rating
 

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

PURCHASE PRICE

$2,889$3,531$3,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,210
EXPENSES Loan Payment -$3,473
Property Tax -$1,200
Property Insurance -$62
Property Management Fees -$129
CASH FLOW
-$1,655

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

$3,210

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.84%
Appreciation Year (1-5) 8.4%
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

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

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

$50

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,210

    LIST RENT
  • $2.2

    LIST RENT PER SQFT
  • $3,205

    COMP ESTIMATED VALUE
  • $2.2

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2103$3,7004$3,700
$3,700
RENT COMPS ANALYSIS
  • 2252 Pumpherston Ct San Jose, CA 2
    • 4 beds 2 baths ∙ 1,457 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,457 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $3,210
    • $2.20
    •  
  • 3241 Rocky Water Ln San Jose, CA 1
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1984
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.02
    •  
  • 2922 Whittington Dr San Jose, CA 3
    • 5 beds 2 baths ∙ 1,805 Sqft ∙ Built 1967 5 beds 2 baths ∙ 1,805 Sqft ∙ Built 1967
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.05
    •  
  • 2868 Haughton Dr San Jose, CA 4
    • 4 beds 2 baths ∙ 1,463 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,463 Sqft ∙ Built 1967
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.53
    •  
PROPERTY LISTING DETAILS
Dung Truong
V-n Investments
BESbswy