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3130 Woodmont Dr San Jose, CA 95118

4 Beds 2 Baths 1,376 sqft Built 1957

$1,180,000

List Price

$3,540

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $857.56
  • 4 Days on Market
  • MLS # : ML81820124
  • Updated Date : 11/14/2020 at 13:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,376 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Welcome to Woodmont Dr! Nestled in the highly sought-after, Cambrian / Willow Glen area, this single-story four bedroom, two full bath home shows true pride of ownership. The huge living room features recessed lighting, Bose speakers, a fireplace and access to the spacious backyard through sliding French doors. This well-cared for home features gleaming solid oak hardwood floors, insulated underfloor, dual pane energy efficient Kolbe windows, A/C, and a gas cooktop in the kitchen. Currently one bedroom is being used as an office. Two-car attached garage with plenty of room in the driveway for additional parking, and a large side yard. You'll have everything you need nearby with neighborhood park, great schools, local market and restaurants, and easy freeway access.

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: Willow Glen South - Lincoln Glen

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: Willow Glen South - Lincoln Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $18854493

* 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
Schallenberger Elementary School Primary Regular 531 19 6
Willow Glen Middle School Middle Regular 1,259 57 6
Willow Glen High School High Regular 1,660 75 7

Schallenberger Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 19
6
GreatSchools Rating

Willow Glen Middle School

  • Education Level: Middle
  • # of students: 1,259
  • # of teachers: 57
6
GreatSchools Rating

Willow Glen High School

  • Education Level: High
  • # of students: 1,660
  • # of teachers: 75
7
GreatSchools Rating
 

$1,062,000$1,298,000$1,180,000

PURCHASE PRICE

$3,186$3,894$3,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,540
EXPENSES Loan Payment -$4,354
Property Tax -$1,318
Property Insurance -$60
Property Management Fees -$138
CASH FLOW
-$2,330

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.

$1,180,000

PROJECTED PRICE

$3,540

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.0%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$35k-$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$318,450

INVESTMENT

$318,450

Down Payment
$295,000
Rehab Estimate
$5,750
Closing Costs
$17,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,354

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $295,000
Loan Amount $885,000
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$16

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,540

    LIST RENT
  • $2.57

    LIST RENT PER SQFT
  • $3,901

    COMP ESTIMATED VALUE
  • $2.84

    COMP AVG. RENT PER SQFT
Comps Range
$3,350
1$3,3502$3,5403$3,7004$3,9505$4,000
$4,000
RENT COMPS ANALYSIS
  • 3130 Woodmont Dr San Jose, CA 2
    • 4 beds 2 baths ∙ 1,376 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,376 Sqft ∙ Built 1957
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,540
    • $2.57
    •  
  • 3119 Lowry Dr San Jose, CA 1
    • 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1960
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.64
    •  
  • 1520 Willowmont Ave San Jose, CA 3
    • 4 beds 2 baths ∙ 1,233 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,233 Sqft ∙ Built 1958
    property image
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $3.00
    •  
  • 1462 Revere Ave San Jose, CA 4
    • 4 beds 2 baths ∙ 1,363 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,363 Sqft ∙ Built 1956
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.90
    •  
  • 1514 San Joaquin Ave San Jose, CA 5
    • 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1954 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1954
    property image
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.80
    •  
PROPERTY LISTING DETAILS
Jori Mayer
Coldwell Banker Realty
BESbswy