Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
INVESTimate
$1,450,000
List Price
$390,000
REQUEST INFO
It's free, with no obligation
PROPERTY INFO
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.
SEE MORE
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Doerr - Steindorf
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
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
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
INVESTMENT
$390,000
LOAN DETAILS
$5,350
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $362,500 |
Loan Amount | $1,087,500 |
-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
PROPERTY LISTING DETAILS
Coldwell Banker Realty