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300 Sobrato Dr Campbell, CA 95008

3 Beds 2 Baths 1,040 sqft Built 1959

$1,090,000

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1959
  • Price/Sqft : $1,048.08
  • 5 Days on Market
  • MLS # : ML81818869
  • Updated Date : 11/07/2020 at 14:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,040 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Hurry! It won't last! Welcome to this Beautifully Updated Home and One of the Kind with 3 spacious Bedrooms, 2 Full Baths, and an Oversized 9,096 Sq.Ft. Lot provides Great Potential For Future Addition, Expansion or Live on the Land. It is in a Cul-de-Sac and far from Neighbors in Campbell. Closed to HW 17/San Tomas Expwy, Good Schools, John D. Morgan Park, Los Gatos Creek Trail, and so much more...This Huge Backyard Oasis features many gathering areas to relax, BBQ, or Entertain. Enjoy the lush lawn and landscaping in front and backyard with fruit trees, vegetable beds, and tropical vegetation. This Sweet Home Features a New Water Heater, Newly Painted Interior, and since 2014 it had a New Roof, New Central Heating and Air Conditioning, New Double Pane Windows and Gleaming Refinished Hardwood Floors throughout, New Gourmet Kitchen with Gas Stove, New Stainless Steel Appliances, New LG Washer and Dryer, and so much more... It is a Must See to Appreciate this Great Property.

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: San Tomas

NeighborhoodNIR Market*CityMarket2010Year20002019500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $411k1665k

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

Neighborhood: San Tomas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800400042004400Rent in $17624493

* 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
Capri Elementary School Primary Regular 706 29 7
Campbell Middle School Middle Regular 686 31 4
Westmont High School High Regular 1,537 68 8

Capri Elementary School

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 29
7
GreatSchools Rating

Campbell Middle School

  • Education Level: Middle
  • # of students: 686
  • # of teachers: 31
4
GreatSchools Rating

Westmont High School

  • Education Level: High
  • # of students: 1,537
  • # of teachers: 68
8
GreatSchools Rating
 

$981,000$1,199,000$1,090,000

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$4,022
Property Tax -$1,196
Property Insurance -$52
Property Management Fees -$129
CASH FLOW
-$2,109

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.

$1,090,000

PROJECTED PRICE

$3,290

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.8%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$294,600

INVESTMENT

$294,600

Down Payment
$272,500
Rehab Estimate
$5,750
Closing Costs
$16,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,022

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $272,500
Loan Amount $817,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$4

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,290

    LIST RENT
  • $3.16

    LIST RENT PER SQFT
  • $3,281

    COMP ESTIMATED VALUE
  • $3.16

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$3,2903$3,7504$3,7505$3,850
$3,850
RENT COMPS ANALYSIS
  • 300 Sobrato Dr Campbell, CA 2
    • 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $3.16
    •  
  • 4672 Denevi Dr San Jose, CA 1
    • 3 beds 1 baths ∙ 1,036 Sqft ∙ Built 1959 3 beds 1 baths ∙ 1,036 Sqft ∙ Built 1959
    property image
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $3.14
    •  
  • 3923 Latimer Ave San Jose, CA 3
    • 3 beds 2 baths ∙ 1,148 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,148 Sqft ∙ Built 1965
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $3.27
    •  
  • 2235 Arleen Way San Jose, CA 4
    • 3 beds 1 baths ∙ 1,250 Sqft ∙ Built 1965 3 beds 1 baths ∙ 1,250 Sqft ∙ Built 1965
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $3.00
    •  
  • 4417 Grimsby Dr San Jose, CA 5
    • 3 beds 2 baths ∙ 1,201 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,201 Sqft ∙ Built 1959
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $3.21
    •  
PROPERTY LISTING DETAILS
Cephas Butler
Coldwell Banker Realty
BESbswy