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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $646.54
- 3 Days on Market
- MLS # : ML81821581
- Updated Date : 11/28/2020 at 11:08
CONSTRUCTION
- Beds : 5
- Floor Size : 2,473 sqft
- Baths : 3 full , 3 half
Listing Agent
Intero Real Estate Services
Listing Agent's Description
Must See!! Original owners moving out of state! This is a lovely family home and well maintained. Cathedral ceiling in living room, 5 bedrooms,1 bedroom downstairs, permitted sunroom addition off the kitchen. Open kitchen and family room, open loft, newer carpets throughout, new paint throughout, dual pane windows, butler pantry w/ built in wine rack, security system, indoor laundry room, solar panels and more! ******Must make an appt!******
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Chaboya
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chaboya
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,240 |
| EXPENSES | Loan Payment | -$5,899 |
| Property Tax | -$1,919 | |
| Property Insurance | -$87 | |
| Property Management Fees | -$165 | |
|
CASH FLOW
-$3,830
|
||
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.
$1,598,888
PROJECTED PRICE
$4,240
PROJECTED RENT
0.27%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 10.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.40% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$429,455
LOAN DETAILS
$5,899
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $399,722 |
| Loan Amount | $1,199,166 |
-0.25
YEARS SAVED
-$199
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,240
LIST RENT -
$1.71
LIST RENT PER SQFT
-
$4,142
COMP ESTIMATED VALUE -
$1.67
COMP AVG. RENT PER SQFT
Comps Range
-
3303 Palantino Way San Jose, CA 2
- 5 beds 6 baths ∙ 2,473 Sqft ∙ Built 1997 5 beds 6 baths ∙ 2,473 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $4,240
- $1.71
-
3406 Eldiva Ct San Jose, CA 1
- 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 2003
LEASED 01/14/20- Rent
- Rent Per SQFT
- $4,200
- $1.67
-
3124 Cortona Dr San Jose, CA 3
- 5 beds 3 baths ∙ 2,798 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,798 Sqft ∙ Built 1998
LEASED 05/30/19- Rent
- Rent Per SQFT
- $4,700
- $1.68
PROPERTY LISTING DETAILS
Intero Real Estate Services
