Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3294 Whitesand Ct San Jose, CA 95148

3 Beds 2 Baths 1,078 sqft Built 1984

$999,000

List Price

$3,160

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $926.72
  • 3 Days on Market
  • MLS # : ML81825906
  • Updated Date : 01/16/2021 at 12:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,078 sqft
  • Baths : 2 full
Listing Agent

Pacificwide Real Estate & Mortgage

Listing Agent's Description

Welcome home to this gorgeous property located in the desirable Evergreen community. Huge lot home with 10,000 sqft lot. How is the idea of building additional living units (AUDs) in the backyard with a separate entrance? The main house features an open & bright floor plan and dual pane windows with a high ceiling in the living room with natural lighting & recessed lightings. Open kitchen with oak cabinets, granite countertops. Spacious master bedroom and walk-in closet with organizer. Spacious 2-car garage with cabinets, and window. Title roof, central A/C, and heating. Walking distance to schools, library, park, shopping, and restaurants. Excellent schools: Millbrook Elem, Quimby Oak Middle, and Evergreen Valley High.

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: Heritage

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $361k1220k

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

Neighborhood: Heritage

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17853804

* 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
Millbrook Elementary School Primary Regular 731 26 7
Quimby Oak Middle School Middle Regular 983 37 8
Evergreen Valley High School High Regular 2,763 104 10

Millbrook Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 26
7
GreatSchools Rating

Quimby Oak Middle School

  • Education Level: Middle
  • # of students: 983
  • # of teachers: 37
8
GreatSchools Rating

Evergreen Valley High School

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

$899,100$1,098,900$999,000

PURCHASE PRICE

$2,844$3,476$3,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,160
EXPENSES Loan Payment -$3,470
Property Tax -$1,199
Property Insurance -$53
Property Management Fees -$129
CASH FLOW
-$1,691

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.

$999,000

PROJECTED PRICE

$3,160

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,485

INVESTMENT

$270,485

Down Payment
$249,750
Rehab Estimate
$5,750
Closing Costs
$14,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,470

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $249,750
Loan Amount $749,250
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$40

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
  • $2,857

    COMP ESTIMATED VALUE
  • $2.65

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4003$3,500
$3,500
RENT COMPS ANALYSIS
  • 3294 Whitesand Ct San Jose, CA 1
    • 3 beds 2 baths ∙ 1,078 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,078 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2674 Flintwood Ct San Jose, CA 2
    • 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1973
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.70
    •  
  • 3689 Jasmine Cir San Jose, CA 3
    • 3 beds 3 baths ∙ 1,346 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,346 Sqft ∙ Built 1999
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.60
    •  
PROPERTY LISTING DETAILS
Leon Le
Pacificwide Real Estate & Mortgage
BESbswy