Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

36 S 15th St San Jose, CA 95112

3 Beds 2 Baths 1,371 sqft Built 1904

$895,000

List Price

$3,230

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1904
  • Price/Sqft : $652.81
  • 7 Days on Market
  • MLS # : ML81819568
  • Updated Date : 11/09/2020 at 10:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,371 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Compass is proud to exclusively present this Charming home with original San Jose characteristics in the desirable Naglee Park neighborhood. This house features 3 bedroom, 2 baths with formal living room and family room in approximately 1,371 square feet of living space with a newer roof. The house sits on a 6,400 square foot lot that features a detached garage in the spacious backyard. Convert this garage to an ADU for additional income or build an in-law unit to keep your family nearby. The spacious basement provides plenty of storage space. Only six blocks away from SJSU, this charming property is close to the planned transportation hub in downtown San Jose Station and future Google Village. It is centrally located to downtown businesses, restaurants, entertainment, shopping centers, retailers, grocery shops, gas stations, convenience stores and more. Easy access to all major freeway entrances including 280, 680, and 101.

SEE MORE

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: Naglee Park

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1220k

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

Neighborhood: Naglee Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21400160018002000220024002600280030003200340036003800Rent in $13143804

* 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
Horace Mann Elementary School Primary Magnet 516 19 3
Burnett Middle School Middle Magnet 877 45 3
San Jose High Academy High Magnet 1,034 51 4

Horace Mann Elementary School

  • Education Level: Primary
  • # of students: 516
  • # of teachers: 19
3
GreatSchools Rating

Burnett Middle School

  • Education Level: Middle
  • # of students: 877
  • # of teachers: 45
3
GreatSchools Rating

San Jose High Academy

  • Education Level: High
  • # of students: 1,034
  • # of teachers: 51
4
GreatSchools Rating
 

$805,500$984,500$895,000

PURCHASE PRICE

$2,907$3,553$3,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,230
EXPENSES Loan Payment -$3,302
Property Tax -$1,038
Property Insurance -$60
Property Management Fees -$129
CASH FLOW
-$1,299

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.

$895,000

PROJECTED PRICE

$3,230

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
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-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$242,925

INVESTMENT

$242,925

Down Payment
$223,750
Rehab Estimate
$5,750
Closing Costs
$13,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,302

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $223,750
Loan Amount $671,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$741

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,230

    LIST RENT
  • $2.36

    LIST RENT PER SQFT
  • $3,277

    COMP ESTIMATED VALUE
  • $2.39

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$3,1503$3,2304$4,070
$4,070
RENT COMPS ANALYSIS
  • 36 S 15th St San Jose, CA 3
    • 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 1904 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 1904
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,230
    • $2.36
    •  
  • 275 S 22nd St San Jose, CA 1
    • 3 beds 1 baths ∙ 1,310 Sqft ∙ Built 1915 3 beds 1 baths ∙ 1,310 Sqft ∙ Built 1915
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.14
    •  
  • 263 Washington St San Jose, CA 2
    • 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1918 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1918
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $2.12
    •  
  • 837 Prevost St San Jose, CA 4
    • 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1900 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1900
    property image
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,070
    • $2.91
    •  
PROPERTY LISTING DETAILS
Harmik Aghakhani
Compass
BESbswy