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2544 Tioga Way San Jose, CA 95124

4 Beds 3 Baths 1,750 sqft Built 1958

INVESTimate

$1,450,000

List Price

$3,700

$3,450 - $3,950

Rent Est.

$390,000

Investment Est.

$1,627,915  ( +12.27%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 1958
  • Price/Sqft : $828.57
  • 1 Days on Market
  • MLS # : ML81807774
  • Updated Date : 08/26/2020 at 00:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,750 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Welcome to this beautifully renovated 4 bedrooms, 3 baths home bordering desirable Cambrian and Willow Glen. The home has an open floor plan with two en-suite bedrooms, a chefs delight kitchen with spacious island seating, newer stainless steel appliances, newly installed cabinets and quartz counter tops. The kitchen opens to a formal dining area and to the living room with an updated fireplace. Contemporary recessed lighting and luxurious engineering hardwood flooring throughout. The en-suite master bedroom features a vaulted ceiling, a French door that opens to the backyard patio, a bathroom with dual sinks, a frameless shower enclosure and a separate finished walk-in closet. This home comes with a newer central air conditioning and heating system. It is near top rated schools such as Bagby Elementary, Price Middle and Branham High.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Doerr - Steindorf

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $373k1326k

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

Neighborhood: Doerr - Steindorf

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17853923

* 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
Bagby Elementary School Primary Regular 665 27 6
Price Middle School Middle Regular 1,102 43 7
Branham High School High Regular 1,468 62 9

Bagby Elementary School

  • Education Level: Primary
  • # of students: 665
  • # of teachers: 27
6
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
 

FINANCIALS

Learn how to read this

$1,305,000$1,595,000$1,450,000

PURCHASE PRICE

$3,330$4,070$3,700

RENT

DOWN PAYMENT
FINANCING
Learn how to read this

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow

  • Appreciation

  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,700
EXPENSES Loan Payment -$5,350
Property Tax -$1,663
Property Insurance -$69
Property Management Fees -$144
CASH FLOW
-$3,527

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.

$1,450,000

PROJECTED PRICE

$3,700

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.27%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$390,000

INVESTMENT

$390,000

Down Payment		 $362,500
Rehab Estimate		 $5,750
Closing Costs		 $21,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,350

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $362,500
Loan Amount $1,087,500
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$191

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

  • $4,165

    COMP ESTIMATED VALUE

  • $2.38

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,6003$3,7954$3,8005$4,500
$4,500
RENT COMPS ANALYSIS
  • 2544 Tioga Way San Jose, 1
    • 4 beds 3 baths ∙ 1,750 Sqft ∙ Built 1958 4 beds 3 baths ∙ 1,750 Sqft ∙ Built 1958
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2934 Newark Way San Jose, 2
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1957
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.97
    •  
  • 1810 Brighten Ave San Jose, 3
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1958
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $2.56
    •  
  • 2154 Casa Mia Dr San Jose, 4
    • 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1956
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.66
    •  
  • 1477 Husted Ave San Jose, 5
    • 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1951 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1951
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.33
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Joyce Fong
Coldwell Banker Realty

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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