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2779 Vineyard Park Pl San Jose, CA 95148

3 Beds 3 Baths 1,528 sqft Built 1998

$948,888

List Price

$3,350

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $621.00
  • 5 Days on Market
  • MLS # : ML81816498
  • Updated Date : 11/02/2020 at 18:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,528 sqft
  • Baths : 2 full , 1 half
Listing Agent

Php Group, Inc

Listing Agent's Description

Gorgeous 22 year old single family home in the highly-sought after Evergreen area of San Jose. This home is just a short 10 minute drive to the new Google campus, Hewlett-Packard, and located walking distance to supermarkets, restaurants and prestigious Evergreen schools. This charming home consists of 1,528 SF living space. It has been beautifully remodeled with 3 bedroom, 2.5 bathroom. It has a connected living room and dinning room perfect for hosting your family dinner parties and holiday gatherings. The home features hardwood floors, a fireplace, maple cabinets, tile counters, central heat and air. It boasts the largest lot in the entire neighborhood with apple, lemon, plum, peach trees and more. The huge backyard is perfect for kids to run and play while you and the entire family have BBQs all year round. Save the earth and your money with attached solar panels that will help you decrease or eliminate your electric bill. This is a rare find and will not last.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Hidden Glen

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1220k

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

Neighborhood: Hidden Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17853804

* 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
Norwood Creek Elementary School Primary Regular 699 28 7
Quimby Oak Middle School Middle Regular 983 37 8
William C. Overfelt High School High Regular 1,455 66 3

Norwood Creek Elementary School

  • Education Level: Primary
  • # of students: 699
  • # of teachers: 28
7
GreatSchools Rating

Quimby Oak Middle School

  • Education Level: Middle
  • # of students: 983
  • # of teachers: 37
8
GreatSchools Rating

William C. Overfelt High School

  • Education Level: High
  • # of students: 1,455
  • # of teachers: 66
3
GreatSchools Rating
 

$853,999$1,043,777$948,888

PURCHASE PRICE

$3,015$3,685$3,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,350
EXPENSES Loan Payment -$3,501
Property Tax -$1,139
Property Insurance -$64
HOA -$130
Property Management Fees -$131
CASH FLOW
-$1,614

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.

$948,888

PROJECTED PRICE

$3,350

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.6%
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$3.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,205

INVESTMENT

$257,205

Down Payment
$237,222
Rehab Estimate
$5,750
Closing Costs
$14,233

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$3,501

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,222
Loan Amount $711,666
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$56

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
  • $3,087

    COMP ESTIMATED VALUE
  • $2.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,200
$3,200
RENT COMPS ANALYSIS
  • 2779 Vineyard Park Pl San Jose, CA 1
    • 3 beds 3 baths ∙ 1,528 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,528 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3241 Rocky Water Ln San Jose, CA 2
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1984
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.02
    •  
PROPERTY LISTING DETAILS
Larry Le
Php Group, Inc
BESbswy