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3162 Gardendale Dr San Jose, CA 95118

4 Beds 3 Baths 1,967 sqft Built 1967

$1,398,888

List Price

$3,930

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1967
  • Price/Sqft : $711.18
  • 2 Days on Market
  • MLS # : BE40928500
  • Updated Date : 11/07/2020 at 15:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,967 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Bay Realty & Home Loans

Listing Agent's Description

Not just another quick investor flip here! Take a minute to experience the authentic pride of homeownership on full display. Over 20 thoughtfully curated home upgrades performed by previous owners of 17 years! Escape the summer heat in your new sparkling, solar-powered swimming pool. Entertain friends and family by serving up refreshing drinks from your outdoor bar! Your outdoor bar connects to a completely remodeled, open-concept kitchen. A few upgrades include granite countertops and Samsung appliances. When the pool fun is complete, rinse off in the custom-built outdoor pool shower. A convenient 2nd-floor laundry chute takes the work out of bringing your laundry downstairs. How does brand new copper plumbing throughout sound? Energy efficiency has been increased with a brand new tankless water heater. Don't miss out on an incredible opportunity to buy into the desirable Cambrian Park Community! Niche.com has assigned an A rating to Cambrian Park for its outstanding schools.

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
 

$1,258,999$1,538,777$1,398,888

PURCHASE PRICE

$3,537$4,323$3,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,930
EXPENSES Loan Payment -$5,161
Property Tax -$1,562
Property Insurance -$75
Property Management Fees -$153
CASH FLOW
-$3,021

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.

$1,398,888

PROJECTED PRICE

$3,930

PROJECTED RENT

0.28%

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-$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$376,455

INVESTMENT

$376,455

Down Payment
$349,722
Rehab Estimate
$5,750
Closing Costs
$20,983

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,161

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $349,722
Loan Amount $1,049,166
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$77

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,930

    LIST RENT
  • $2

    LIST RENT PER SQFT
  • $4,077

    COMP ESTIMATED VALUE
  • $2.07

    COMP AVG. RENT PER SQFT
Comps Range
$3,195
1$3,1952$3,5003$3,6504$3,9305$4,500
$4,500
RENT COMPS ANALYSIS
  • 3162 Gardendale Dr San Jose, CA 4
    • 4 beds 3 baths ∙ 1,967 Sqft ∙ Built 1967 4 beds 3 baths ∙ 1,967 Sqft ∙ Built 1967
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,930
    • $2.00
    •  
  • 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
    property image
    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
    property image
    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
    property image
    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
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.33
    •  
PROPERTY LISTING DETAILS
Xavier Williams
The Bay Realty & Home Loans
BESbswy