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2365 Hecate Ct San Jose, CA 95124

3 Beds 2 Baths 1,539 sqft Built 1979

$1,298,888

List Price

$4,100

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
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.

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: Ponderosa

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: Ponderosa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $19074585

* 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
Farnham Elementary School Primary Regular 535 21 7
Price Middle School Middle Regular 1,102 43 7
Branham High School High Regular 1,468 62 9

Farnham Elementary School

  • Education Level: Primary
  • # of students: 535
  • # of teachers: 21
7
GreatSchools Rating

Price Middle School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 43
7
GreatSchools Rating

Branham High School

  • Education Level: High
  • # of students: 1,468
  • # of teachers: 62
9
GreatSchools Rating
 

$1,168,999$1,428,777$1,298,888

PURCHASE PRICE

$3,690$4,510$4,100

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$349,955

INVESTMENT

$349,955

Down Payment
$324,722
Rehab Estimate
$5,750
Closing Costs
$19,483

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,792

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $324,722
Loan Amount $974,166
See What Happens When You Reinvest Cash Flow

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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $4,140

    COMP ESTIMATED VALUE
  • $2.69

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5503$3,8004$4,2005$4,595
$4,595
RENT COMPS ANALYSIS
  • 2365 Hecate Ct San Jose, CA 1
    • 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    •  
  • 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
The Chandani Group
Anthem Realty
BESbswy