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2340 Middletown Dr Campbell, CA 95008

4 Beds 2 Baths 1,512 sqft Built 1962

$1,329,888

List Price

$4,030

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1962
  • Price/Sqft : $879.56
  • 2 Days on Market
  • MLS # : ML81819388
  • Updated Date : 11/07/2020 at 21:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,512 sqft
  • Baths : 2 full
Listing Agent

Thurro Realty

Listing Agent's Description

Super Sharp Campbell home! 4 bedroom 2 bath Family rm, 1512sf. Huge pool and spa combo. Freshly prepared for the market with fresh interior paint, refinished hardwood floors. AAA landscaping,Plantation shutters, New carpet, Recent Vinyl kitchen floors, Upgraded master bathroom, Recent forced air replaced, 30 yr comp roof replaced 2005, Raised panel interior doors and hardware,Water heater 2018, Pool and spa resurfaced, new tile! Great family neighborhood with pride of ownership. Priced to sale quickly! Call your Realtor to set up your showing date! Capri Elementary and Westmont High school. Great location and close freeway access and all shopping!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Jose metro has 67.6% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: San Tomas Aquinos

NeighborhoodNIR Market*CityMarket2010Year20002019500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $411k1665k

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

Neighborhood: San Tomas Aquinos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800400042004400Rent in $17624493

* 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
Capri Elementary School Primary Regular 706 29 7
Campbell Middle School Middle Regular 686 31 4
Westmont High School High Regular 1,537 68 8

Capri Elementary School

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 29
7
GreatSchools Rating

Campbell Middle School

  • Education Level: Middle
  • # of students: 686
  • # of teachers: 31
4
GreatSchools Rating

Westmont High School

  • Education Level: High
  • # of students: 1,537
  • # of teachers: 68
8
GreatSchools Rating
 

$1,196,899$1,462,877$1,329,888

PURCHASE PRICE

$3,627$4,433$4,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,030
EXPENSES Loan Payment -$4,907
Property Tax -$1,511
Property Insurance -$64
Property Management Fees -$157
CASH FLOW
-$2,609

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.

$1,329,888

PROJECTED PRICE

$4,030

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$358,170

INVESTMENT

$358,170

Down Payment
$332,472
Rehab Estimate
$5,750
Closing Costs
$19,948

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$4,907

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $332,472
Loan Amount $997,416
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$15

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,030

    LIST RENT
  • $2.67

    LIST RENT PER SQFT
  • $4,574

    COMP ESTIMATED VALUE
  • $3.03

    COMP AVG. RENT PER SQFT
Comps Range
$3,850
1$3,8502$4,0303$4,2504$4,4995$4,600
$4,600
RENT COMPS ANALYSIS
  • 2340 Middletown Dr Campbell, CA 2
    • 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $4,030
    • $2.67
    •  
  • 4417 Grimsby Dr San Jose, CA 1
    • 3 beds 2 baths ∙ 1,201 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,201 Sqft ∙ Built 1959
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $3.21
    •  
  • 4172 Lemoyne Way San Jose, CA 3
    • 3 beds 2 baths ∙ 1,335 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,335 Sqft ∙ Built 1963
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $3.18
    •  
  • 4758 Alex Dr San Jose, CA 4
    • 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1963
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,499
    • $2.81
    •  
  • 2101 Saverio Ct San Jose, CA 5
    • 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 1964
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $2.90
    •  
PROPERTY LISTING DETAILS
Danny Thurro
Thurro Realty
BESbswy