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236 Thomas Dr Los Gatos, CA 95032

3 Beds 2 Baths 1,951 sqft Built 1964

$1,688,800

List Price

$4,630

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1964
  • Price/Sqft : $865.61
  • 10 Days on Market
  • MLS # : ML81816649
  • Updated Date : 11/01/2020 at 09:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,951 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Welcome to this beautiful original owner home meticulously maintained and upgraded throughout the years. The kitchen has maple cabinetry, Corian countertops, a center island, stainless steel appliances, a large skylight, and a formal dining area with built-ins. Formal living room with skylight, double-sided fireplace, and access to bonus/patio room with tiled floors. Hardwood flooring under carpeting (condition unknown) all bedrooms with built-in closets. The Master suite has built-in cabinets. Updated tiled bathrooms. Ceiling fans. Huge bonus room upstairs with gorgeous mountain views. Double pane windows and sliders. Plantation shutters. Central vacuum system. Central forced heating and air-conditioning. Whole house/attic fan. Solar owned and paid for. Heavenly Green landscaping, exterior patio decking for entertaining. RV parking. Alta Vista, Union Middle, Leigh High School. Strolling distance to Safeway & Starbucks. Close to all major commute routes, shopping & Downtown Los Gatos.

SEE MORE

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: 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
Alta Vista Elementary School Primary Regular 619 26 8
Union Middle School Middle Regular 976 40 9
Leigh High School High Magnet 1,665 73 9

Alta Vista Elementary School

  • Education Level: Primary
  • # of students: 619
  • # of teachers: 26
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
 

$1,519,920$1,857,680$1,688,800

PURCHASE PRICE

$4,167$5,093$4,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,630
EXPENSES Loan Payment -$6,231
Property Tax -$1,870
Property Insurance -$74
Property Management Fees -$181
CASH FLOW
-$3,726

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.

$1,688,800

PROJECTED PRICE

$4,630

PROJECTED RENT

0.27%

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-$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$453,282

INVESTMENT

$453,282

Down Payment
$422,200
Rehab Estimate
$5,750
Closing Costs
$25,332

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,231

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $422,200
Loan Amount $1,266,600
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$109

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,630

    LIST RENT
  • $2.37

    LIST RENT PER SQFT
  • $5,443

    COMP ESTIMATED VALUE
  • $2.79

    COMP AVG. RENT PER SQFT
Comps Range
$4,595
1$4,5952$4,6303$5,2504$6,450
$6,450
RENT COMPS ANALYSIS
  • 236 Thomas Dr Los Gatos, CA 2
    • 3 beds 2 baths ∙ 1,951 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,951 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $4,630
    • $2.37
    •  
  • 5502 Taft Dr San Jose, CA 1
    • 4 beds 3 baths ∙ 1,723 Sqft ∙ Built 1960 4 beds 3 baths ∙ 1,723 Sqft ∙ Built 1960
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,595
    • $2.67
    •  
  • 16619 Marchmont Dr Los Gatos, CA 3
    • 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 1949 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 1949
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,250
    • $2.69
    •  
  • 830 Cherrystone Dr Los Gatos, CA 4
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1961 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1961
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,450
    • $3.01
    •  
PROPERTY LISTING DETAILS
William Lister
Coldwell Banker Realty
BESbswy