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PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Everydale - Neimen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
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
$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
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2252 Pumpherston Ct San Jose, CA 2
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- Rent
- Rent Per SQFT
- $3,210
- $2.20
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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
V-n Investments
