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2341 Esperanca Ave Santa Clara, CA 95054

5 Beds 3 Baths 2,326 sqft Built 1998

$1,699,888

List Price

$4,960

$4.7K - $5.2K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $730.82
  • 2 Days on Market
  • MLS # : ML81826115
  • Updated Date : 01/16/2021 at 19:09
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,326 sqft
  • Baths : 3 full
Listing Agent

Skye Real Estate

Listing Agent's Description

BEAUTIFUL Mission Park Home with 5* bedrooms, one bed and one FULL* bath at street level! This home underwent a HUGE makeover with almost all of the interior upgraded in the past month! *Newly remodeled baths with *New vanities, *New quartz counters, *New tile flooring *New plush, patterned carpet all through second floor and stairs, *New laminate flooring downstairs, *New chandeliers, *New lawn and the list goes on! Soaring ceilings greet you as you enter, vaulted ceilings at living and formal dining, spacious interiors, huge windows, large, open kitchen with granite counters, corner lot with extra large yard, ideal location close to 237, 101 and 880. Stone's throw from Levi's Stadium and Great America! Stay tuned for interior pics, aerial shots and videos!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: North 101

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $396k1665k

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

Neighborhood: North 101

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000Rent in $10054493

* 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
Kathryn Hughes Elementary School Primary Regular 444 16 5
Buchser Middle School Middle Regular 1,007 46 5
Santa Clara High School High Regular 1,911 82 7

Kathryn Hughes Elementary School

  • Education Level: Primary
  • # of students: 444
  • # of teachers: 16
5
GreatSchools Rating

Buchser Middle School

  • Education Level: Middle
  • # of students: 1,007
  • # of teachers: 46
5
GreatSchools Rating

Santa Clara High School

  • Education Level: High
  • # of students: 1,911
  • # of teachers: 82
7
GreatSchools Rating
 

$1,529,899$1,869,877$1,699,888

PURCHASE PRICE

$4,464$5,456$4,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,960
EXPENSES Loan Payment -$5,904
Property Tax -$1,642
Property Insurance -$83
HOA -$179
Property Management Fees -$193
CASH FLOW
-$3,042

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.

$1,699,888

PROJECTED PRICE

$4,960

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.6%
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$7.0M

PROJECTED ANNUAL CASH FLOW

11530-$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$7.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$456,220

INVESTMENT

$456,220

Down Payment
$424,972
Rehab Estimate
$5,750
Closing Costs
$25,498

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,904

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $424,972
Loan Amount $1,274,916
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$6

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
  • $6,094

    COMP ESTIMATED VALUE
  • $2.62

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,6003$6,500
$6,500
RENT COMPS ANALYSIS
  • 2341 Esperanca Ave Santa Clara, CA 1
    • 5 beds 3 baths ∙ 2,326 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,326 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4214 Marston Ln Santa Clara, CA 2
    • 4 beds 4 baths ∙ 2,083 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,083 Sqft ∙ Built 2002
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $2.21
    •  
  • 4696 Snead Dr Santa Clara, CA 3
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 2007
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $3.03
    •  
PROPERTY LISTING DETAILS
Sirisha Mudunuri
Skye Real Estate
BESbswy