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3118 Valmaine Ct San Jose, CA 95135

3 Beds 2 Baths 1,530 sqft Built 1976

$1,290,000

List Price

$3,230

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1976
  • Price/Sqft : $843.14
  • 3 Days on Market
  • MLS # : ML81818931
  • Updated Date : 11/06/2020 at 20:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,530 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Irresistibly Chic & Stylish Modern Evergreen Contemporary Single Family Residence with Stunning Mountain Views located in a Serene & Private Cul-De-Sac with Mountain Views! Enjoy Scenic Walks 2 Blocks from the nearby Civic & Social Evergreen Village Square Shopping Center, Shop & Relax at the weekly Farmers Market, Have fun playing tennis in the sun at Fowler Park, and hike or bike up Montgomery Hill Park. 2019-2020 Academic Distinguished Evergreen Schools: Evergreen Elementary, Chaboya Middle School, & Evergreen High School! Features: Pristine Quartz Countertops, Stainless Steel Kitchen Appliances, Frameless Kitchen Cabinets, Ceramic Wavy Tile Back Splash, Wide Plank Rough Cut Oak Style Laminate Floors, Pebblestone Veneer Entry Way, Rustic Stone Home Front, Central Heating System, Family Swimming Pool, Mid-Century Modern Garage Door, Tile Roof Tops, Central Heating, Fireplace, & More.

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: Fowler

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: Fowler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $19074493

* 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
Evergreen Elementary School Primary Regular 800 30 8
Chaboya Middle School Middle Regular 1,124 44 9
Evergreen Valley High School High Regular 2,763 104 10

Evergreen Elementary School

  • Education Level: Primary
  • # of students: 800
  • # of teachers: 30
8
GreatSchools Rating

Chaboya Middle School

  • Education Level: Middle
  • # of students: 1,124
  • # of teachers: 44
9
GreatSchools Rating

Evergreen Valley High School

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

$1,161,000$1,419,000$1,290,000

PURCHASE PRICE

$2,907$3,553$3,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,230
EXPENSES Loan Payment -$4,760
Property Tax -$1,548
Property Insurance -$64
Property Management Fees -$129
CASH FLOW
-$3,271

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.

$1,290,000

PROJECTED PRICE

$3,230

PROJECTED RENT

0.25%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.3%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$347,600

INVESTMENT

$347,600

Down Payment
$322,500
Rehab Estimate
$5,750
Closing Costs
$19,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$4,760

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $322,500
Loan Amount $967,500
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$221

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,230

    LIST RENT
  • $2.11

    LIST RENT PER SQFT
  • $2,953

    COMP ESTIMATED VALUE
  • $1.93

    COMP AVG. RENT PER SQFT
Comps Range
$3,230
1$3,2302$3,2503$3,865
$3,865
RENT COMPS ANALYSIS
  • 3118 Valmaine Ct San Jose, CA 1
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $3,230
    • $2.11
    •  
  • 2943 Silver Est San Jose, CA 2
    • 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1985
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.80
    •  
  • 5125 Harvest Est San Jose, CA 3
    • 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1973
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,865
    • $2.06
    •  
PROPERTY LISTING DETAILS
Dang Do
Compass
BESbswy