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335 Duarte Ct Milpitas, CA 95035

5 Beds 2 Baths 1,634 sqft Built 1964

INVESTimate

$1,250,000

List Price

$3,670

$3,420 - $3,920

Rent Est.

$1,417,500  ( +13.40%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1964
  • Price/Sqft : $764.99
  • 7 Days on Market
  • MLS # : ML81806980
  • Updated Date : 08/20/2020 at 14:41
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,634 sqft
  • Baths : 2 full
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Beautifully upgraded large single family home. Showcasing 5 bedrooms and 2 baths, with 2 beds 1 bath downstairs. Updated kitchen, new interior paint, landscaped fron/backyards. over 1600 sq ft built and 6500+ sq ft lot. Walk to the 3 top Milpitas schools. Close to shops, Restaurants, 680 Freeway and Silicon Valley. Solar panels will be paid through escrow by the seller. New Epoxy finish floor in garage. Water heater newer, rood was installed in 2016.

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: Sunnyhills

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $365k1220k

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

Neighborhood: Sunnyhills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $16963804

* 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
Marshall Pomeroy Elementary School Primary Regular 749 28 8
Thomas Russell Middle School Middle Regular 824 31 9
Milpitas High School High Regular 3,105 117 9

Marshall Pomeroy Elementary School

  • Education Level: Primary
  • # of students: 749
  • # of teachers: 28
8
GreatSchools Rating

Thomas Russell Middle School

  • Education Level: Middle
  • # of students: 824
  • # of teachers: 31
9
GreatSchools Rating

Milpitas High School

  • Education Level: High
  • # of students: 3,105
  • # of teachers: 117
9
GreatSchools Rating
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$3,303$4,037$3,670

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,670
EXPENSES Loan Payment -$4,612
Property Tax -$1,243
Property Insurance -$67
Property Management Fees -$143
CASH FLOW
-$2,395

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.

$1,250,000

PROJECTED PRICE

$3,670

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.40%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$14

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,670

    LIST RENT
  • $2.25

    LIST RENT PER SQFT
  • $3,538

    COMP ESTIMATED VALUE
  • $2.17

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,6003$3,670
$3,670
RENT COMPS ANALYSIS
  • 335 Duarte Ct Milpitas, 3
    • 5 beds 2 baths ∙ 1,634 Sqft ∙ Built 1964 5 beds 2 baths ∙ 1,634 Sqft ∙ Built 1964
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,670
    • $2.25
    •  
  • 625 Cochise Ct Fremont, 1
    • 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1978
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.01
    •  
  • 994 Pescadero St Milpitas, 2
    • 4 beds 2 baths ∙ 1,553 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,553 Sqft ∙ Built 1977
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.32
    •  
PROPERTY LISTING DETAILS
Rajeev Awasty
Intero Real Estate Services
BESbswy