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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1958
- Price/Sqft : $727.95
- 4 Days on Market
- MLS # : ML81823531
- Updated Date : 12/19/2020 at 08:14
CONSTRUCTION
- Beds : 4
- Floor Size : 2,143 sqft
- Baths : 3 full
Listing Agent
Bankers Network Corporation Of America
Listing Agent's Description
Wow, this is going to be a great buy - a spacious home in a great neighborhood. Though it is on record as a 2,143 square foot home, 4 bedroom, 3 bathroom, it could be more than that. There are two additional rooms on the bottom floor, that could be used for formal dining/bedrooms/office/family room or what have you. Upstairs are 3 bedrooms that have had some upgrades, a third bathroom and some nice views. The kitchen features Cesar Stone countertops, built in appliances and a bay window. There are double pane windows throughout the home and also copper plumbing. The backyard has an overhang that lends itself for year round use/entertaining, a nice, solid workshop, a cement landing for a jacuzzi/BBQ? and dog runs on each side of the house. This is a home/property we were planning to upgrade ourselves, but have decided to allow for the new owners to make their own decisions with regards to upgrades or stylistic touches. Enjoy making this your own dream home. *Pics are coming soon
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: Cambrian
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cambrian
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,540 |
| EXPENSES | Loan Payment | -$5,756 |
| Property Tax | -$1,790 | |
| Property Insurance | -$79 | |
| Property Management Fees | -$177 | |
|
CASH FLOW
-$3,261
|
||
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.
$1,560,000
PROJECTED PRICE
$4,540
PROJECTED RENT
0.29%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 11.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.40% |
| 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
$419,150
LOAN DETAILS
$5,756
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $390,000 |
| Loan Amount | $1,170,000 |
-0.08
YEARS SAVED
-$63
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
-
$4,849
COMP ESTIMATED VALUE -
$2.26
COMP AVG. RENT PER SQFT
Comps Range
-
2720 Evora Dr San Jose, CA 1
- 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 1958 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 1958
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2934 Newark Way San Jose, CA 2
- 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1957
LEASED 07/09/20- Rent
- Rent Per SQFT
- $3,600
- $1.97
-
1477 Husted Ave San Jose, CA 3
- 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1951 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1951
LEASED 02/26/20- Rent
- Rent Per SQFT
- $4,500
- $2.33
-
456 Manchester Ave Campbell, CA 4
- 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 1955 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 1955
LEASED 08/31/20- Rent
- Rent Per SQFT
- $5,000
- $2.45
-
2247 Constitution Dr San Jose, CA 5
- 3 beds 3 baths ∙ 2,392 Sqft ∙ Built 1966 3 beds 3 baths ∙ 2,392 Sqft ∙ Built 1966
LEASED 05/13/20- Rent
- Rent Per SQFT
- $5,495
- $2.30
PROPERTY LISTING DETAILS
Bankers Network Corporation Of America
