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3406 Belgrove Cir San Jose, CA 95148

5 Beds 3 Baths 2,635 sqft Built 1979

$1,648,231

List Price

$4,480

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $625.51
  • 3 Days on Market
  • MLS # : ML81820315
  • Updated Date : 11/14/2020 at 15:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,635 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty - Cupertino

Listing Agent's Description

Luxury and style will greet you the moment you step through the front door of this beautiful five-bedroom, three-bathroom home. Soaring windows stretch to the ceiling in the open living space, allowing for maximum natural light throughout the day, while a statement fireplace joins the living and dining room and provides the perfect place to relax at the end of the day. The large and magnificent kitchen features stainless steel appliances with extra bench space on hand to make meal preparation and entertaining an absolute joy. This open-plan layout lends itself to seamless entertaining, perfect for those times friends drop by. Four bedrooms are situated on the top floor, which is elevated by a grand staircase that stands in the heart of the dwelling Outside, a rear deck awaits along with a fenced yard for those with pets. This fabulous 2,635 sqft single-family home sits on a 10,000 sq ft lot and offers a great view of the city, with top-rated schools just minutes away.

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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: Quimby

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: Quimby

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
Carolyn A. Clark Elementary School Primary Regular 807 31 10
Carolyn A. Clark Elementary School Middle Regular 807 31 10
Evergreen Valley High School High Regular 2,763 104 10

Carolyn A. Clark Elementary School

  • Education Level: Primary
  • # of students: 807
  • # of teachers: 31
10
GreatSchools Rating

Carolyn A. Clark Elementary School

  • Education Level: Middle
  • # of students: 807
  • # of teachers: 31
10
GreatSchools Rating

Evergreen Valley High School

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

$1,483,408$1,813,054$1,648,231

PURCHASE PRICE

$4,032$4,928$4,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,480
EXPENSES Loan Payment -$6,081
Property Tax -$1,978
Property Insurance -$91
Property Management Fees -$175
CASH FLOW
-$3,844

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.

$1,648,231

PROJECTED PRICE

$4,480

PROJECTED RENT

0.27%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.2%
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-$60k-$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$442,531

INVESTMENT

$442,531

Down Payment
$412,058
Rehab Estimate
$5,750
Closing Costs
$24,723

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,081

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $412,058
Loan Amount $1,236,173
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$179

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,480

    LIST RENT
  • $1.7

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$4,480
1$4,480
$4,480
RENT COMPS ANALYSIS
  • 3406 Belgrove Cir San Jose, CA
    • 5 beds 3 baths ∙ 2,635 Sqft ∙ Built 1979 5 beds 3 baths ∙ 2,635 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $4,480
    • $1.70
    •  
PROPERTY LISTING DETAILS
Sharad Gupta
Keller Williams Realty - Cupertino
BESbswy