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3011 Rusch Pl San Jose, CA 95111

4 Beds 3 Baths 1,568 sqft Built 1998

$887,999

List Price

$3,120

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $566.33
  • 5 Days on Market
  • MLS # : ML81819951
  • Updated Date : 11/12/2020 at 08:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,568 sqft
  • Baths : 2 full , 1 half
Listing Agent

Gd Commercial Real Estate Inc

Listing Agent's Description

Beautiful Single Family Home offers a functional and nice Floor Plan with Vaulted Ceiling, 2 stories, 4 bedrooms and 2.5 bathrooms. This home is immaculate, well maintained with Pride of Ownership in a quiet Neighborhood. Beautiful Laminated Flooring, Lovely Living room, Cozy and delightful Family/ Kitchen combo. Master Suite with Walk-In Closet and Dual sink vanity. Central Air Conditioning and Heater. Good size Back Yard for Summer BBQ. Close to convenient Markets and Easy Access to Freeway. HOA Fee only $50/month. Ready for Move In. AS-IS Regular Sale. Don't miss this opportunity! A MUST SEE!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: South San Jose

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $307k1220k

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

Neighborhood: South San Jose

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17833804

* 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
Captain Jason M. Dahl Elementary School Primary Regular 652 27 4
Captain Jason M. Dahl Elementary School Middle Regular 652 27 4
Andrew P. Hill High School High Magnet 2,015 87 5

Captain Jason M. Dahl Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 27
4
GreatSchools Rating

Captain Jason M. Dahl Elementary School

  • Education Level: Middle
  • # of students: 652
  • # of teachers: 27
4
GreatSchools Rating

Andrew P. Hill High School

  • Education Level: High
  • # of students: 2,015
  • # of teachers: 87
5
GreatSchools Rating
 

$799,199$976,799$887,999

PURCHASE PRICE

$2,808$3,432$3,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,120
EXPENSES Loan Payment -$3,276
Property Tax -$1,080
Property Insurance -$65
HOA -$50
Property Management Fees -$129
CASH FLOW
-$1,480

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$887,999

PROJECTED PRICE

$3,120

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.84%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 4.28%
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-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

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$241,070

INVESTMENT

$241,070

Down Payment
$222,000
Rehab Estimate
$5,750
Closing Costs
$13,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,276

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $222,000
Loan Amount $665,999
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$100

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
  • $3,077

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4003$3,4954$3,5005$3,900
$3,900
RENT COMPS ANALYSIS
  • 3011 Rusch Pl San Jose, CA 1
    • 4 beds 3 baths ∙ 1,568 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,568 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3445 Vittoria Pl 4 San Jose, CA 2
    • 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 2003
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.88
    •  
  • 206 Montalcino Cir San Jose, CA 3
    • 3 beds 4 baths ∙ 1,856 Sqft ∙ Built 2015 3 beds 4 baths ∙ 1,856 Sqft ∙ Built 2015
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.88
    •  
  • 2743 Corde Terra Cir San Jose, CA 4
    • 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2007
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.99
    •  
  • 3447 Quarry Park Dr San Jose, CA 5
    • 3 beds 3 baths ∙ 1,853 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,853 Sqft ∙ Built 1996
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $2.10
    •  
PROPERTY LISTING DETAILS
Christine Quach
Gd Commercial Real Estate Inc
BESbswy