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PROPERTY INFO
FACTS
- Single Family
- Built In 1963
- Price/Sqft : $432.87
- 2 Days on Market
- MLS # : ML81824072
- Updated Date : 12/26/2020 at 18:05
CONSTRUCTION
- Beds : 3
- Floor Size : 1,617 sqft
- Baths : 2 full
Listing Agent
Kw Bay Area Estates
Listing Agent's Description
Diamond in the rough! Incredible investment opportunity in family-friendly Blossom Valley neighborhood. Opportunity awaits! This fixer-upper is perfect for a flip or for an investor to fix-up and rent. The home has great potential with 3 bedrooms, 2 bathrooms, 2 car garage, and an open floor plan. It has 1 bedroom and full bathroom downstairs and the other bedrooms and bathroom located on the second story. Bring your contractor and restore this beauty to its original glory. The investor with a vision will be rewarded. Dont miss this amazing opportunity!
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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: Anderson East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Anderson East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $3,600 |
EXPENSES | Loan Payment | -$2,583 |
Property Tax | -$845 | |
Property Insurance | -$66 | |
Property Management Fees | -$140 | |
CASH FLOW
-$34
|
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.
$699,950
PROJECTED PRICE
$3,600
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 5.00% |
Appreciation Year (1-5) | 9.1% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 5.19% |
Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$191,237
LOAN DETAILS
$2,583
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $174,988 |
Loan Amount | $524,963 |
6.33
YEARS SAVED
$61,058
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,600
LIST RENT -
$2.23
LIST RENT PER SQFT
-
$3,650
COMP ESTIMATED VALUE -
$2.26
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Kw Bay Area Estates