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3053 Bradshaw Dr San Jose, CA 95148

3 Beds 2 Baths 1,320 sqft Built 1967

$1,019,000

List Price

$3,360

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $771.97
  • 6 Days on Market
  • MLS # : ML81821356
  • Updated Date : 11/28/2020 at 18:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,320 sqft
  • Baths : 2 full
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Updated 3 Bedroom 2 Bath Home with Excellent Evergreen Schools. Walk to Millbrook Elementary, Quimby Middle School and Evergreen High School. New Carpet and Paint. Expert Tile Craftsman Installed New Tile Flooring in Kitchen and Baths. New Tile Bath Shower Surrounds. New Tile Kitchen Counters and Decorator Back Splash. Large Kitchen Features lots of Counter Space, Breakfast Counter, Big New Double Sink and Large Kitchen Pantry with Travertine Tiled Walls. Very Nice Floor Plan. Garage is a Mechanic's Dream. Built In Cabinets and Counters, 2 Skylights, 220 Power, Huge Air Compressor. The Corner Lot Has Side Entrance and Can Park a Large RV and Several Cars. Home is Plumbed with External Sewer Connection for RV or Future ADU. The only thing needed is your personal Landscaping touch.....Easy to show....Floor Plan included in Pictures

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: Heritage

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $361k1220k

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

Neighborhood: Heritage

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
Millbrook Elementary School Primary Regular 731 26 7
Quimby Oak Middle School Middle Regular 983 37 8
Evergreen Valley High School High Regular 2,763 104 10

Millbrook Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 26
7
GreatSchools Rating

Quimby Oak Middle School

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

Evergreen Valley High School

  • Education Level: High
  • # of students: 2,763
  • # of teachers: 104
10
GreatSchools Rating
 

$917,100$1,120,900$1,019,000

PURCHASE PRICE

$3,024$3,696$3,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,360
EXPENSES Loan Payment -$3,760
Property Tax -$1,223
Property Insurance -$59
Property Management Fees -$131
CASH FLOW
-$1,812

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.

$1,019,000

PROJECTED PRICE

$3,360

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.0%
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$3.5M$4.0M

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$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$275,785

INVESTMENT

$275,785

Down Payment
$254,750
Rehab Estimate
$5,750
Closing Costs
$15,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,760

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $254,750
Loan Amount $764,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$59

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
  • $3,452

    COMP ESTIMATED VALUE
  • $2.62

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4003$3,700
$3,700
RENT COMPS ANALYSIS
  • 3053 Bradshaw Dr San Jose, CA 1
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2674 Flintwood Ct San Jose, CA 2
    • 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1973
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.70
    •  
  • 2868 Haughton Dr San Jose, CA 3
    • 4 beds 2 baths ∙ 1,463 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,463 Sqft ∙ Built 1967
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.53
    •  
PROPERTY LISTING DETAILS
Gabe Reyes
Intero Real Estate Services
BESbswy