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25 Canterbury Pl Gilroy, CA 95020

3 Beds 3 Baths 1,600 sqft Built 2001

$769,000

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $480.63
  • 7 Days on Market
  • MLS # : ML81816997
  • Updated Date : 10/29/2020 at 15:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,600 sqft
  • Baths : 2 full , 1 half
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Welcome to this Wonderful 19 year old 3 Bedroom 2.5 Bath Home in the Gilroy Community. Relax in the Spacious Private Fenced Low Maintenance Back Yard that is Overlooked from the Kitchen and Dining Area. The Kitchen Includes a Pantry with Plenty of Counter Space and a Breakfast Bar. The Home Features Dual Paned Windows, Central Forced Air Conditioning, Wood Burning with Option to Convert to Gas Fireplace, Recessed Lighting, Laundry Room with Ample Storage and Fresh Interior Paint Throughout. The Master Bedroom has a Walk in Closet with Double Sinks in the Bathroom. The High Ceilings Throughout the Home Bring the Natural Light to the Living Space. Low Maintenance Front Yard with an Extra Long Drive Way That Leads to the Detached Two Car Garage Which has an Attached Space That can be Used as an Office, Class Room or Hobby Space. Easy Access to Monterey Rd and HWY 101. Close to Downtown Gilroy, Shopping and Restaurants. Perfect for the First Time Home Buyer or Those Needing More Space.

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

Zip Code: 95020

ZipNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $346k1220k

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

Zip Code: 95020

ZipNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $16443804

* 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
Antonio Del Buono Elementary School Primary Regular 620 24 4
Ascencion Solorsano Middle School Middle Regular 853 28 6
Christopher High School High Regular 1,889 80 7

Antonio Del Buono Elementary School

  • Education Level: Primary
  • # of students: 620
  • # of teachers: 24
4
GreatSchools Rating

Ascencion Solorsano Middle School

  • Education Level: Middle
  • # of students: 853
  • # of teachers: 28
6
GreatSchools Rating

Christopher High School

  • Education Level: High
  • # of students: 1,889
  • # of teachers: 80
7
GreatSchools Rating
 

$692,100$845,900$769,000

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$2,837
Property Tax -$784
Property Insurance -$66
HOA -$110
Property Management Fees -$129
CASH FLOW
-$1,006

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.

$769,000

PROJECTED PRICE

$2,920

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$209,535

INVESTMENT

$209,535

Down Payment
$192,250
Rehab Estimate
$5,750
Closing Costs
$11,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,837

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $192,250
Loan Amount $576,750
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,992

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,920

    LIST RENT
  • $1.83

    LIST RENT PER SQFT
  • $3,176

    COMP ESTIMATED VALUE
  • $1.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,9203$3,0004$3,0505$3,100
$3,100
RENT COMPS ANALYSIS
  • 25 Canterbury Pl Gilroy, CA 2
    • 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,920
    • $1.83
    •  
  • 220 Chappell Ct Gilroy, CA 1
    • 3 beds 3 baths ∙ 1,360 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,360 Sqft ∙ Built 1997
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.10
    •  
  • 8880 Carnation Ln Gilroy, CA 3
    • 4 beds 3 baths ∙ 1,428 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,428 Sqft ∙ Built 1997
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.10
    •  
  • 7955 Kipling Cir Gilroy, CA 4
    • 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2005
    property image
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $2.03
    •  
  • 590 Eden St Gilroy, CA 5
    • 4 beds 3 baths ∙ 1,814 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,814 Sqft ∙ Built 1996
    property image
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.71
    •  
PROPERTY LISTING DETAILS
Steven C Guerrero
Intero Real Estate Services
BESbswy