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3418 Guluzzo Dr San Jose, CA 95148

3 Beds 3 Baths 1,899 sqft Built 1982

$1,100,000

List Price

$3,560

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $579.25
  • 6 Days on Market
  • MLS # : ML81825486
  • Updated Date : 01/13/2021 at 10:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,899 sqft
  • Baths : 3 full
Listing Agent

Intero Real Estate Services

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: Mt. Pleasant

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $307k1220k

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

Neighborhood: Mt. Pleasant

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17833804

* 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
Mt. Pleasant High School High Regular 1,452 67 6

Mt. Pleasant High School

  • Education Level: High
  • # of students: 1,452
  • # of teachers: 67
6
GreatSchools Rating
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,204$3,916$3,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,560
EXPENSES Loan Payment -$3,821
Property Tax -$1,320
Property Insurance -$73
Property Management Fees -$139
CASH FLOW
-$1,792

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$1,100,000

PROJECTED PRICE

$3,560

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.84%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 4.28%
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$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,821

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$57

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,560

    LIST RENT
  • $1.87

    LIST RENT PER SQFT
  • $3,504

    COMP ESTIMATED VALUE
  • $1.85

    COMP AVG. RENT PER SQFT
Comps Range
$3,395
1$3,3952$3,5603$3,950
$3,950
RENT COMPS ANALYSIS
  • 3418 Guluzzo Dr San Jose, CA 2
    • 3 beds 3 baths ∙ 1,899 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,899 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,560
    • $1.87
    •  
  • 3344 Flintmont Dr San Jose, CA 1
    • 3 beds 3 baths ∙ 1,899 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,899 Sqft ∙ Built 1981
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.79
    •  
  • 3069 Wetmore Dr San Jose, CA 3
    • 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 1979
    property image
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.90
    •  
PROPERTY LISTING DETAILS
Sharmaine Capelli
Intero Real Estate Services
BESbswy