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3159 Vistamont Dr San Jose, CA 95118

3 Beds 3 Baths 1,877 sqft Built 1958

$1,279,888

List Price

$3,900

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $681.88
  • 16 Days on Market
  • MLS # : ML81819406
  • Updated Date : 11/16/2020 at 23:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,877 sqft
  • Baths : 3 full
Listing Agent

Grandstone Real Estateservices

Listing Agent's Description

DONT NEED TO LOOK ANY MORE-HERE IS YOUR DREAM HOME IN GREAT NEIGHBOR. FRESHLY REMOLED - WATER PROOF LAMINATE FLOORING THROUGHOUT THE WHOLE HOUSE NEW MODERN KITCHEN CABINETS/COUNTER TOP. NEW PAINTINGS EXT/ INTERIROR..NEW WINDOW BLINDS. HAS 2 MASTER BEDROOM SUITES, ONE WITH WHEELCHAIR RAILS/RAMPS,CELIING FANS GARAGE WAS CONVERTED TO LIVING AREA WITH PERMIT AND OWNER USED IT FOR FLOWER SHOP.

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: Valley View - Reed

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: Valley View - Reed

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
Reed Elementary School Primary Regular 513 21 7
Muir Middle School Middle Regular 1,118 51 6
Pioneer High School High Regular 1,570 67 9

Reed Elementary School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 21
7
GreatSchools Rating

Muir Middle School

  • Education Level: Middle
  • # of students: 1,118
  • # of teachers: 51
6
GreatSchools Rating

Pioneer High School

  • Education Level: High
  • # of students: 1,570
  • # of teachers: 67
9
GreatSchools Rating
 

$1,151,899$1,407,877$1,279,888

PURCHASE PRICE

$3,510$4,290$3,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,900
EXPENSES Loan Payment -$4,722
Property Tax -$1,429
Property Insurance -$72
Property Management Fees -$152
CASH FLOW
-$2,476

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.

$1,279,888

PROJECTED PRICE

$3,900

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.4%
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-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$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$344,920

INVESTMENT

$344,920

Down Payment
$319,972
Rehab Estimate
$5,750
Closing Costs
$19,198

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,722

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $319,972
Loan Amount $959,916
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$8

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,900

    LIST RENT
  • $2.08

    LIST RENT PER SQFT
  • $3,890

    COMP ESTIMATED VALUE
  • $2.07

    COMP AVG. RENT PER SQFT
Comps Range
$3,195
1$3,1952$3,5003$3,6504$3,9005$4,500
$4,500
RENT COMPS ANALYSIS
  • 3159 Vistamont Dr San Jose, CA 4
    • 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 1958 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $2.08
    •  
  • 1499 Hillsdale Ave San Jose, CA 1
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1960
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.86
    •  
  • 812 Hermiston Dr San Jose, CA 2
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1967
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.07
    •  
  • 2956 Aulin Dr San Jose, CA 3
    • 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1958 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1958
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $2.03
    •  
  • 1477 Husted Ave San Jose, CA 5
    • 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1951 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1951
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.33
    •  
PROPERTY LISTING DETAILS
Tammy Nguyen
Grandstone Real Estateservices
BESbswy