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3514 El Grande Dr San Jose, CA 95132

3 Beds 2 Baths 1,822 sqft Built 1959

$1,199,000

List Price

$3,540

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $658.07
  • 41 Days on Market
  • MLS # : ML81818717
  • Updated Date : 12/12/2020 at 09:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,822 sqft
  • Baths : 2 full
Listing Agent

Kw Bay Area Estates

Listing Agent's Description

Beautiful Remodeled Berryessa Foothill Home in Nature! Lots of possibliities for this spacious home on a large, usable lot. Enjoy natural front yard landscape w/ dry creek, native flora and spectacular colors. Big yard backs into trails, country natural feel, welcome to your "gentleman's garden" w/ a backyard of approx. 26 fruit & olive trees, & grapevines. Check with city for ADU/JDU. Classic home is 3br, 2ba, 1822sf ranch style, has updated kitchen, bathrooms, custom designer ceilings, designer details, recessed lighting, light and bright interior w/ double pane windows, 2 fireplaces, 1 wood burning fireplace, steam sauna shower, laundry room, pantry and all appliances to stay. Bask in the sunshine or BBQ with friends and family in the brick patio. A short walk from the perk ponds, trails, or drive to Alum Rock Park, a must have for any nature lover. A peaceful area and neighborhood at the base of the foothills. Assigned high school is Piedmont Hills, buyers to confirm.

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MARKET HIGHLIGHTS

  • 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)
  • San Jose metro has 67.6% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Noble

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: Noble

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $18914493

* 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
Noble Elementary School Primary Regular 561 22 7
Piedmont Middle School Middle Regular 875 33 6
Piedmont Hills High School High Magnet 2,215 89 9

Noble Elementary School

  • Education Level: Primary
  • # of students: 561
  • # of teachers: 22
7
GreatSchools Rating

Piedmont Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 33
6
GreatSchools Rating

Piedmont Hills High School

  • Education Level: High
  • # of students: 2,215
  • # of teachers: 89
9
GreatSchools Rating
 

$1,079,100$1,318,900$1,199,000

PURCHASE PRICE

$3,186$3,894$3,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,540
EXPENSES Loan Payment -$4,424
Property Tax -$1,401
Property Insurance -$71
Property Management Fees -$138
CASH FLOW
-$2,494

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.

$1,199,000

PROJECTED PRICE

$3,540

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.5%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,485

INVESTMENT

$323,485

Down Payment
$299,750
Rehab Estimate
$5,750
Closing Costs
$17,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,424

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $299,750
Loan Amount $899,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$49

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
  • $3,562

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3503$3,5504$3,7505$3,800
$3,800
RENT COMPS ANALYSIS
  • 3514 El Grande Dr San Jose, CA 1
    • 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3468 Whitman Way San Jose, CA 2
    • 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1965
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.96
    •  
  • 2594 Mabury Sq San Jose, CA 3
    • 4 beds 3 baths ∙ 1,746 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,746 Sqft ∙ Built 1979
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $2.03
    •  
  • 925 Foxridge Way San Jose, CA 4
    • 3 beds 2 baths ∙ 2,023 Sqft ∙ Built 1974 3 beds 2 baths ∙ 2,023 Sqft ∙ Built 1974
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.85
    •  
  • 3399 Burgundy Dr San Jose, CA 5
    • 4 beds 1 baths ∙ 1,920 Sqft ∙ Built 1973 4 beds 1 baths ∙ 1,920 Sqft ∙ Built 1973
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.98
    •  
PROPERTY LISTING DETAILS
James Endo
Kw Bay Area Estates
BESbswy