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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $843.98
- 3 Days on Market
- MLS # : ML81818479
- Updated Date : 11/21/2020 at 13:55
CONSTRUCTION
- Beds : 3
- Floor Size : 1,539 sqft
- Baths : 2 full
Listing Agent
Anthem Realty
Listing Agent's Description
Please check out the 3D Tour! More photos coming soon. An amazing opportunity to own a perfect Ponderosa home in an excellent family neighborhood and access�to the renowned Steindorf STEAM school. Best value in Cambrian! Immaculate home, almost new looking. Private cul-de-sac location in highly sought after Houge Park neighborhood. Bordering Los Gatos and Campbell & convenient proximity to shopping, dining, freeway access, top-rated schools! Enjoy the open floor plan, large family room, pristine wood floors, high ceilings, luxury master suite with walk-in closet & sliding door access to the private atrium. Separate living & family rooms. New bathroom vanities. Make cheerful memories entertaining family and friends in the beautiful backyard & large patio. Double pane windows & patio doors. Enjoy the high ceilings & recessed lights in the living, family, & master bedroom. Newly painted Exterior/Interior, feels like a great room open plan, new landscaping in lush front/side/backyard.
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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: Ponderosa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ponderosa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,100 |
| EXPENSES | Loan Payment | -$4,792 |
| Property Tax | -$1,490 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$160 | |
|
CASH FLOW
-$2,407
|
||
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.
$1,298,888
PROJECTED PRICE
$4,100
PROJECTED RENT
0.32%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 10.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.40% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$349,955
LOAN DETAILS
$4,792
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $324,722 |
| Loan Amount | $974,166 |
0
YEARS SAVED
$36
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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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$4,140
COMP ESTIMATED VALUE -
$2.69
COMP AVG. RENT PER SQFT
Comps Range
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2365 Hecate Ct San Jose, CA 1
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- Rent Per SQFT
- $0
- $0.00
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1836 Rochelle Dr San Jose, CA 2
- 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1959
LEASED 11/06/20- Rent
- Rent Per SQFT
- $3,550
- $2.73
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221 Elm Wood Ct Los Gatos, CA 3
- 4 beds 3 baths ∙ 1,533 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,533 Sqft ∙ Built 1971
LEASED 08/14/20- Rent
- Rent Per SQFT
- $3,800
- $2.48
-
4547 Tomrick Ave San Jose, CA 4
- 4 beds 2 baths ∙ 1,457 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,457 Sqft ∙ Built 1965
LEASED 06/18/20- Rent
- Rent Per SQFT
- $4,200
- $2.88
-
5502 Taft Dr San Jose, CA 5
- 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
PROPERTY LISTING DETAILS
Anthem Realty
