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25 Birch Ln San Jose, CA 95127

3 Beds 2 Baths 1,492 sqft Built 1946

$865,000

List Price

$3,650

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1946
  • Price/Sqft : $579.76
  • 4 Days on Market
  • MLS # : ML81818334
  • Updated Date : 11/02/2020 at 14:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,492 sqft
  • Baths : 2 full
Listing Agent

Mary Lee, Broker

Listing Agent's Description

Beautifully remodeled with luxurious finishes, granite, breakfast bar, tile, neutral colors, gas range, recessed lighting. Original hardwood floors are under the carpet in hallway and 2 bedrooms. Hall bath has a shower over tub. Master suite and separate Family Room with dining were added with proper permits. Big backyard with covered patio, very nicely done and also an outbuilding that is currently being used as the storage shed. Lots of potential to be fixed up into a workshop, she-shed or build a living space - ADU possibly. Extra off street parking. Both refrigerators are included. Laundry hookup are in the attached garage. Lots of love and hard work went into this lovely home. Very convenient commute location, walk to light rail, close to BART Berryessa Station as well as 680 Freeway Access. Downtown is a short drive and plenty of shops are close by. Please call or text for an appointment!

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: East San Jose

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $307k1220k

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

Neighborhood: East San Jose

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
Russo-mcentee Academy Primary Alternative 628 27 4
William L. Sheppard Middle School Middle Regular 718 35 3
James Lick High School High Magnet 1,108 48 5

Russo-mcentee Academy

  • Education Level: Primary
  • # of students: 628
  • # of teachers: 27
4
GreatSchools Rating

William L. Sheppard Middle School

  • Education Level: Middle
  • # of students: 718
  • # of teachers: 35
3
GreatSchools Rating

James Lick High School

  • Education Level: High
  • # of students: 1,108
  • # of teachers: 48
5
GreatSchools Rating
 

$778,500$951,500$865,000

PURCHASE PRICE

$3,285$4,015$3,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,650
EXPENSES Loan Payment -$3,191
Property Tax -$1,043
Property Insurance -$63
Property Management Fees -$142
CASH FLOW
-$790

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.

$865,000

PROJECTED PRICE

$3,650

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.84%
Appreciation Year (1-5) 10.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$234,975

INVESTMENT

$234,975

Down Payment
$216,250
Rehab Estimate
$5,750
Closing Costs
$12,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,191

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $216,250
Loan Amount $648,750
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$13,707

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,650

    LIST RENT
  • $2.45

    LIST RENT PER SQFT
  • $4,215

    COMP ESTIMATED VALUE
  • $2.83

    COMP AVG. RENT PER SQFT
Comps Range
$3,650
1$3,6502$3,8003$3,800
$3,800
RENT COMPS ANALYSIS
  • 25 Birch Ln San Jose, CA 1
    • 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1946
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $2.45
    •  
  • 1470 Mount Shasta Dr San Jose, CA 2
    • 4 beds 3 baths ∙ 1,328 Sqft ∙ Built 1959 4 beds 3 baths ∙ 1,328 Sqft ∙ Built 1959
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.86
    •  
  • 227 Challenger Ave San Jose, CA 3
    • 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1959
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.79
    •  
PROPERTY LISTING DETAILS
Mary Lee
Mary Lee, Broker
BESbswy