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2387 Pentland Way San Jose, CA 95148

5 Beds 3 Baths 2,076 sqft Built 1979

$1,299,000

List Price

$3,770

$3.5K - $4K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $625.72
  • 4 Days on Market
  • MLS # : ML81818279
  • Updated Date : 11/02/2020 at 09:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,076 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

First time on the market / Exceptional opportunity to own 2 beautiful homes on this oversized corner lot / Perfect for multigeneration families / Or live in one unit and rent the other / Single family home with 4 beds and 2 baths was built in 1979 / Additional Dwelling Unit with 1 bed and 1 bath was built in 2007 with full permit history / Separate units with private entrances and individual electric meters / Recently updated kitchens and bathrooms / Granite counters and stainless steel appliances / Generous size bedrooms / Newer paint in designer colors with crisp white doors and moldings / Hardwood floors / AC / Dual pane windows / Huge backyard with room for your furry friends / Gated off street parking for oversized vehicles / Drought tolerant plants make gardening enjoyable / Easy access to Highways 101 and 680 will get you quickly to anywhere Silicon Valley / Enjoy the tour: https://youriguide.com/2387_pentland_way_san_jose_ca?unbranded / Welcome Home !

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: Everydale - Neimen

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $307k1220k

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

Neighborhood: Everydale - Neimen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17833804

* 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
Holly Oak Elementary School Primary Regular 655 25 5
Holly Oak Elementary School Middle Regular 655 25 5
Silver Creek High School High Magnet 2,465 93 9

Holly Oak Elementary School

  • Education Level: Primary
  • # of students: 655
  • # of teachers: 25
5
GreatSchools Rating

Holly Oak Elementary School

  • Education Level: Middle
  • # of students: 655
  • # of teachers: 25
5
GreatSchools Rating

Silver Creek High School

  • Education Level: High
  • # of students: 2,465
  • # of teachers: 93
9
GreatSchools Rating
 

$1,169,100$1,428,900$1,299,000

PURCHASE PRICE

$3,393$4,147$3,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,770
EXPENSES Loan Payment -$4,793
Property Tax -$1,559
Property Insurance -$77
Property Management Fees -$147
CASH FLOW
-$2,806

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$1,299,000

PROJECTED PRICE

$3,770

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.84%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 4.28%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$349,985

INVESTMENT

$349,985

Down Payment
$324,750
Rehab Estimate
$5,750
Closing Costs
$19,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $324,750
Loan Amount $974,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$67

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
  • $4,100

    COMP ESTIMATED VALUE
  • $1.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,7003$3,950
$3,950
RENT COMPS ANALYSIS
  • 2387 Pentland Way San Jose, CA 1
    • 5 beds 3 baths ∙ 2,076 Sqft ∙ Built 1979 5 beds 3 baths ∙ 2,076 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2922 Whittington Dr San Jose, CA 2
    • 5 beds 2 baths ∙ 1,805 Sqft ∙ Built 1967 5 beds 2 baths ∙ 1,805 Sqft ∙ Built 1967
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.05
    •  
  • 3069 Wetmore Dr San Jose, CA 3
    • 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 1979
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.90
    •  
PROPERTY LISTING DETAILS
Brian Kiernan
Coldwell Banker Realty
BESbswy