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3272 Birchwood Ln San Jose, CA 95132

5 Beds 3 Baths 1,772 sqft Built 1964

INVESTimate

$1,170,000

List Price

$3,750

$3,500 - $4,000

Rent Est.

$1,295,892  ( +10.76%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1964
  • Price/Sqft : $660.27
  • 5 Days on Market
  • MLS # : ML81807421
  • Updated Date : 08/24/2020 at 11:10
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,772 sqft
  • Baths : 2 full , 1 half
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Great location and schools, easy access to freeways and public transportation. Property has option of a community pool and play area for the summer. Functional floor-plan with 4 large bedrooms upstairs and a bedroom down stairs. Large backyard with mature tree for shade. House is being sold in As-Is Condition

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: Morrill

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1220k

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

Neighborhood: Morrill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17343804

* 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
Laneview Elementary School Primary Regular 435 20 7
Morrill Middle School Middle Regular 729 33 7
Independence High School High Magnet 3,118 121 7

Laneview Elementary School

  • Education Level: Primary
  • # of students: 435
  • # of teachers: 20
7
GreatSchools Rating

Morrill Middle School

  • Education Level: Middle
  • # of students: 729
  • # of teachers: 33
7
GreatSchools Rating

Independence High School

  • Education Level: High
  • # of students: 3,118
  • # of teachers: 121
7
GreatSchools Rating
 

$1,053,000$1,287,000$1,170,000

PURCHASE PRICE

$3,375$4,125$3,750

RENT

DOWN PAYMENT
FINANCING

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-$45k-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,750
EXPENSES Loan Payment -$4,317
Property Tax -$1,367
Property Insurance -$70
HOA -$450
Property Management Fees -$146
CASH FLOW
-$2,600

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.

$1,170,000

PROJECTED PRICE

$3,750

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.76%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$315,800

INVESTMENT

$315,800

Down Payment
$292,500
Rehab Estimate
$5,750
Closing Costs
$17,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $292,500
Loan Amount $877,500
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$103

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
  • $3,650

    COMP ESTIMATED VALUE
  • $2.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,8003$3,800
$3,800
RENT COMPS ANALYSIS
  • 3272 Birchwood Ln San Jose, 1
    • 5 beds 3 baths ∙ 1,772 Sqft ∙ Built 1964 5 beds 3 baths ∙ 1,772 Sqft ∙ Built 1964
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2916 Cohansey Dr San Jose, 2
    • 4 beds 2 baths ∙ 1,697 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,697 Sqft ∙ Built 1969
    property image
    LEASED 05/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.24
    •  
  • 1259 Lodestone Dr San Jose, 3
    • 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1973
    property image
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.88
    •  
PROPERTY LISTING DETAILS
Roberto Ruiz
Intero Real Estate Services
BESbswy