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 1957
- Price/Sqft : $828.10
- 4 Days on Market
- MLS # : ML81820860
- Updated Date : 11/20/2020 at 11:13
CONSTRUCTION
- Beds : 3
- Floor Size : 1,751 sqft
- Baths : 3 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
This stunning 3 bedroom,3 bath home shows pride of ownership. Two-story in a highly sought neighborhood. Hardwood flooring and recessed lighting in the common areas, carpeted bedrooms, and 2 panel interior doors can be found throughout. An open floor plan with plenty of natural light. The kitchen is spacious and bright with skylight, custom cabinetry, stainless steel appliances and granite counters. Enjoy the wood burning fireplace in the living room or privacy of the separate family room both with sliding doors to the yard. Entertain and relax in the private rear yard with large stamped patio area and lavish lawn. Great Cambrian Schools!!! Easy access to commute routes, shopping, restaurants, farmers markets and outdoor recreation.
SEE MORE
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: 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 | $3,880 |
| EXPENSES | Loan Payment | -$5,350 |
| Property Tax | -$1,663 | |
| Property Insurance | -$69 | |
| Property Management Fees | -$151 | |
|
CASH FLOW
-$3,354
|
||
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
$3,880
PROJECTED RENT
0.27%
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
$390,000
LOAN DETAILS
$5,350
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $362,500 |
| Loan Amount | $1,087,500 |
-0.17
YEARS SAVED
-$143
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,880
LIST RENT -
$2.22
LIST RENT PER SQFT
-
$4,167
COMP ESTIMATED VALUE -
$2.38
COMP AVG. RENT PER SQFT
Comps Range
-
2887 Rustic Dr San Jose, CA 5
- 3 beds 3 baths ∙ 1,751 Sqft ∙ Built 1957 3 beds 3 baths ∙ 1,751 Sqft ∙ Built 1957
- Rent
- Rent Per SQFT
- $3,880
- $2.22
-
2934 Newark Way San Jose, CA 1
- 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
-
2577 New Jersey Ave San Jose, CA 2
- 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1957
LEASED 11/19/20- Rent
- Rent Per SQFT
- $3,600
- $2.33
-
1810 Brighten Ave San Jose, CA 3
- 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1958
LEASED 12/31/19- Rent
- Rent Per SQFT
- $3,795
- $2.56
-
2154 Casa Mia Dr San Jose, CA 4
- 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1956
LEASED 07/28/20- Rent
- Rent Per SQFT
- $3,800
- $2.66
PROPERTY LISTING DETAILS
Coldwell Banker Realty
