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2271 Amador Dr San Jose, CA 95122

3 Beds 2 Baths 1,287 sqft Built 1969

$729,900

List Price

$3,230

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $567.13
  • 3 Days on Market
  • MLS # : ML81821583
  • Updated Date : 11/27/2020 at 17:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,287 sqft
  • Baths : 2 full
Listing Agent

Rancho Murieta Homes & Land

Listing Agent's Description

SECLUDED ONE STORY RANCH STYLE HOME IN EAST SAN JOSE. Spacious 1,287 sf home has 3 bedrooms 2 full bathrooms and newer HVAC System. Large, level and fenced backyard with mature trees. Front yard is fenced with gate and entrance to the 2 car Garage and driveway plus a third concrete parking space. Front porch has black iron security gate leading to large formal Living and Dining Room. Bright Kitchen has new vinyl floor, refinished cabinetry, picture window, gas range and dining area with new light fixture. Open Family Room has new vinyl floor, fresh painted walls, newer lighted ceiling fan and wood burning fireplace with brick surround and hearth. Master suite has private bath with tile shower. Extensive storage throughout plus all bedroom closets have Cedar flooring. This home is ready for your personal design ideas and upgrades. Quiet street, good neighbors and beautiful homes surround this property. Convenient location, near parks, schools, shopping, restaurants and freeways.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Cassell

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $283k1220k

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

Neighborhood: Cassell

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
Cassell Elementary School Primary Regular 452 21 3
Ocala Middle School Middle Regular 537 26 4
William C. Overfelt High School High Regular 1,455 66 3

Cassell Elementary School

  • Education Level: Primary
  • # of students: 452
  • # of teachers: 21
3
GreatSchools Rating

Ocala Middle School

  • Education Level: Middle
  • # of students: 537
  • # of teachers: 26
4
GreatSchools Rating

William C. Overfelt High School

  • Education Level: High
  • # of students: 1,455
  • # of teachers: 66
3
GreatSchools Rating
 

$656,910$802,890$729,900

PURCHASE PRICE

$2,907$3,553$3,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,230
EXPENSES Loan Payment -$2,693
Property Tax -$891
Property Insurance -$58
Property Management Fees -$129
CASH FLOW
-$542

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.

$729,900

PROJECTED PRICE

$3,230

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.84%
Appreciation Year (1-5) 9.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$199,174

INVESTMENT

$199,174

Down Payment
$182,475
Rehab Estimate
$5,750
Closing Costs
$10,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,693

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $182,475
Loan Amount $547,425
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$18,509

INTEREST SAVED

CASH FLOW REINVESTMENT

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

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    LIST RENT
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    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
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RENT COMPS ANALYSIS
  • 2271 Amador Dr San Jose, CA
    • 3 beds 2 baths ∙ 1,287 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,287 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
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PROPERTY LISTING DETAILS
Karen Hoberg
Rancho Murieta Homes & Land
BESbswy