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257 Bieber Dr San Jose, CA 95123

3 Beds 2 Baths 1,617 sqft Built 1963

$699,950

List Price

$3,600

$3.4K - $3.9K

Rent Est.

$191,237

Investment Est.

PROPERTY INFO

December 27, 2020 RECENTLY ADDED
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

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1220k

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

Neighborhood: Anderson East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17303804

* 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
Anderson Elementary School Primary Regular 453 18 5
Bernal Intermediate School Middle Regular 807 36 7
Oak Grove High School High Magnet 1,903 78 6

Anderson Elementary School

  • Education Level: Primary
  • # of students: 453
  • # of teachers: 18
5
GreatSchools Rating

Bernal Intermediate School

  • Education Level: Middle
  • # of students: 807
  • # of teachers: 36
7
GreatSchools Rating

Oak Grove High School

  • Education Level: High
  • # of students: 1,903
  • # of teachers: 78
6
GreatSchools Rating
 

FINANCIALS

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$629,955$769,945$699,950

PURCHASE PRICE

$3,240$3,960$3,600

RENT

DOWN PAYMENT
FINANCING
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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

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation

  • Principal

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,237

INVESTMENT

$191,237

Down Payment		 $174,988
Rehab Estimate		 $5,750
Closing Costs		 $10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,988
Loan Amount $524,963
See What Happens When You Reinvest Cash Flow

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
$3,495
1$3,4952$3,6003$3,6004$3,6905$4,000
$4,000
RENT COMPS ANALYSIS
  • 257 Bieber Dr San Jose, CA 3
    • 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.23
    •  
  • 240 Branham Ln San Jose, CA 1
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1976
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $2.27
    •  
  • 186 Herlong Ave San Jose, CA 2
    • 4 beds 2 baths ∙ 1,664 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,664 Sqft ∙ Built 1966
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.16
    •  
  • 185 Tulip Blossom Ct San Jose, CA 4
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1976
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,690
    • $2.43
    •  
  • 5894 Paddon Cir San Jose, CA 5
    • 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 1972
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.17
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Matt Cossell
Kw Bay Area Estates

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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