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239 Pinehurst Ave Los Gatos, CA 95032

4 Beds 3 Baths 2,056 sqft Built 1962

$1,950,000

List Price

$4,840

$4.6K - $5.1K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $948.44
  • 5 Days on Market
  • MLS # : ML81823921
  • Updated Date : 12/26/2020 at 16:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,056 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

Beautifully updated, spacious two-story home in a highly sought-after neighborhood in Los Gatos. Large bedroom/office and a full bathroom on the first floor. Bright kitchen with new appliances, quartz counter-tops, canned lighting, and an eat-in dining area. A sliding glass door opens to the backyard, perfect for entertaining! The front living/family room has a common fireplace, shared with the kitchen. The second floor, features three bedrooms and two bathrooms, with a spacious walk-in closet off the hallway, storage space galore! All new plumbing, windows, sliding glass doors, lighting, and hardwood flooring throughout. New epoxy flooring in the two-car garage, timer for sprinklers ample space for laundry and work area. Easy access to highway 85 (north and south), shopping, and top-rated schools (buyer to verify enrollment space). What a way to start 2021- Welcome Home! Note: This Home is Virtually Staged throughout. The refrigerator in the pictures is virtual.

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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: 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
 

$1,755,000$2,145,000$1,950,000

PURCHASE PRICE

$4,356$5,324$4,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,840
EXPENSES Loan Payment -$7,195
Property Tax -$2,159
Property Insurance -$77
Property Management Fees -$189
CASH FLOW
-$4,780

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.

$1,950,000

PROJECTED PRICE

$4,840

PROJECTED RENT

0.25%

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-$80k-$70k-$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$522,500

INVESTMENT

$522,500

Down Payment
$487,500
Rehab Estimate
$5,750
Closing Costs
$29,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$7,195

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $487,500
Loan Amount $1,462,500
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$264

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
  • $5,736

    COMP ESTIMATED VALUE
  • $2.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,5953$5,2504$6,450
$6,450
RENT COMPS ANALYSIS
  • 239 Pinehurst Ave Los Gatos, CA 1
    • 4 beds 3 baths ∙ 2,056 Sqft ∙ Built 1962 4 beds 3 baths ∙ 2,056 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5502 Taft Dr San Jose, CA 2
    • 4 beds 3 baths ∙ 1,723 Sqft ∙ Built 1960 4 beds 3 baths ∙ 1,723 Sqft ∙ Built 1960
    property image
    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
    property image
    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
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,450
    • $3.01
    •  
PROPERTY LISTING DETAILS
Diane Bucher
Compass
BESbswy