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232 Bacigalupi Dr Los Gatos, CA 95032

5 Beds 3 Baths 2,490 sqft Built 1965

$1,899,000

List Price

$4,920

$4.7K - $5.2K

Rent Est.

PROPERTY INFO

January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $762.65
  • 6 Days on Market
  • MLS # : ML81825406
  • Updated Date : 01/15/2021 at 14:31
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,490 sqft
  • Baths : 3 full
Listing Agent

Better Homes And Gardens Real Estate Vbp

Listing Agent's Description

Start your new year in your forever home. This 2,490 sq. ft. home sprawls upon a tranquil 10,856 sq. ft.�park-like landscaped lot. 4 bedrooms & 2 baths downstairs, a full bath & bedroom and great room upstairs. Abundant space enables your dreams of a playroom, game room, home office, and/or home gym to come to life. The versatile 2-car garage, finished w/removable Norsk PVC flooring & custom cabinetry, offers you the ability to park inside or use the space�as a home gym, game room, or separate T.V. area. Upgrades include an updated kitchen w/ granite countertops & sleek tile backsplash, hardwood & laminate flooring, crown molding, patio pavers & more. On the market for the first time in 30 years, this rare opportunity to join the Belwood Neighborhood of Los Gatos presents access to unrivaled, top schools (Noddin Elem., Union Middle & Leigh HS/ buyer to verify), membership at the Belwood Pool & Cabana (home of the Dolphins) plus breathtaking views of the Valley & the Foothills!

SEE MORE

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: Belwood

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800kPrice in $411k1990k

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

Neighborhood: Belwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2200025003000350040004500500055006000Rent in $19076004

* 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
Noddin Elementary School Primary Regular 658 27 8
Union Middle School Middle Regular 976 40 9
Leigh High School High Magnet 1,665 73 9

Noddin Elementary School

  • Education Level: Primary
  • # of students: 658
  • # of teachers: 27
8
GreatSchools Rating

Union Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 40
9
GreatSchools Rating

Leigh High School

  • Education Level: High
  • # of students: 1,665
  • # of teachers: 73
9
GreatSchools Rating
 

$1,709,100$2,088,900$1,899,000

PURCHASE PRICE

$4,428$5,412$4,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,920
EXPENSES Loan Payment -$6,596
Property Tax -$2,103
Property Insurance -$87
HOA -$580
Property Management Fees -$192
CASH FLOW
-$4,638

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$1,899,000

PROJECTED PRICE

$4,920

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M

PROJECTED ANNUAL CASH FLOW

11530-$70k-$60k-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$508,985

INVESTMENT

$508,985

Down Payment
$474,750
Rehab Estimate
$5,750
Closing Costs
$28,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$6,596

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $474,750
Loan Amount $1,424,250
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

-$70

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
  • $4,868

    COMP ESTIMATED VALUE
  • $1.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,8753$4,975
$4,975
RENT COMPS ANALYSIS
  • 232 Bacigalupi Dr Los Gatos, CA 1
    • 5 beds 3 baths ∙ 2,490 Sqft ∙ Built 1965 5 beds 3 baths ∙ 2,490 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5876 Sentinel St San Jose, CA 2
    • 4 beds 2 baths ∙ 2,423 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,423 Sqft ∙ Built 1976
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,875
    • $2.01
    •  
  • 6068 Burnbank Pl San Jose, CA 3
    • 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 1976
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,975
    • $1.90
    •  
PROPERTY LISTING DETAILS
Nicole Ventura-wallace
Better Homes And Gardens Real Estate Vbp
BESbswy