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3098 Via Siena Pl Santa Clara, CA 95051

4 Beds 3 Baths 1,957 sqft Built 2015

$1,798,000

List Price

$5,090

$4.8K - $5.3K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $918.75
  • 4 Days on Market
  • MLS # : ML81825805
  • Updated Date : 01/15/2021 at 14:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,957 sqft
  • Baths : 2 full , 1 half
Listing Agent

Kw Bay Area Estates

Listing Agent's Description

Located in the sought after Central Park Home community this 5 year old D.R. Horton single family home has it all with extensive upgrades and high-end finishes. Come home to a bright, open first floor living area featuring an expansive chefs kitchen with premium stainless steel appliances, central island with farm sink, and granite countertops. Enjoy your morning cup of coffee on your private patio, perfect for entertaining. All four bedrooms and dedicated laundry room are upstairs. The expansive master suite is luxurious with a spa master bath and spacious walk-in closet. Community amenities include a pool, spa, park, bbq, walking path, and play area. The location is ideal; close to Apple Park, Santa Clara Community Center & Central Library, Santana Row, Valley Fair Mall, major commuting highways and more.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Santa Clara West Central

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $369k1665k

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

Neighborhood: Santa Clara West Central

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000Rent in $10054493

* 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
Central Park Elementary School Primary Regular NA
Cabrillo Middle School Middle Regular 851 43 6
Santa Clara High School High Regular 1,911 82 7

Central Park Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Cabrillo Middle School

  • Education Level: Middle
  • # of students: 851
  • # of teachers: 43
6
GreatSchools Rating

Santa Clara High School

  • Education Level: High
  • # of students: 1,911
  • # of teachers: 82
7
GreatSchools Rating
 

$1,618,200$1,977,800$1,798,000

PURCHASE PRICE

$4,581$5,599$5,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,090
EXPENSES Loan Payment -$6,245
Property Tax -$1,737
Property Insurance -$74
HOA -$161
Property Management Fees -$199
CASH FLOW
-$3,326

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.

$1,798,000

PROJECTED PRICE

$5,090

PROJECTED RENT

0.28%

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$5.0M$6.0M$7.0M

PROJECTED ANNUAL CASH FLOW

11530-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M$7.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$482,220

INVESTMENT

$482,220

Down Payment
$449,500
Rehab Estimate
$5,750
Closing Costs
$26,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,245

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $449,500
Loan Amount $1,348,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$15

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
  • $4,814

    COMP ESTIMATED VALUE
  • $2.46

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,500
$5,500
RENT COMPS ANALYSIS
  • 3098 Via Siena Pl Santa Clara, CA 1
    • 4 beds 3 baths ∙ 1,957 Sqft ∙ Built 2015 4 beds 3 baths ∙ 1,957 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1837 Worthington Cir Santa Clara, CA 2
    • 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 2014
    property image
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.46
    •  
PROPERTY LISTING DETAILS
Jalayne Forrester
Kw Bay Area Estates
BESbswy