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368 Avenida Manzanos San Jose, CA 95123

4 Beds 2 Baths 1,625 sqft Built 1971

$999,950

List Price

$3,110

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $615.35
  • 4 Days on Market
  • MLS # : ML81825793
  • Updated Date : 01/16/2021 at 12:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,625 sqft
  • Baths : 2 full
Listing Agent

Home In Silicon Valley

Listing Agent's Description

Here's a cozy, inviting, 4 bedroom built by Pardee in 71 expanded and remodeled in recent years. An amazing value, this updated home features, a large front yard, private slate covered front court yard area, open living and eat-in kitchen areas, 4 large bedrooms and an expansive backyard all set the stage for the perfect entertainers home. Custom paint, designer tile work, hand scraped laminate flooring, recessed lighting, inside laundry, dual pane windows, open kitchen with stainless appliances, food pantry, 2 walk in closets help you realize this is the home you've been looking for. A short 5 minute walk to Marshall Cottle Park offers endless activities, walking, biking, roller blading, skating and so much more. Great shopping, schools, parks, churches and a 3 min drive to the Hwy 85 entrance make this first stop for your Blossom Valley Home Search. Oversized Master suite is 2 rooms combined, workout room is an addition using 80% of garage. Check floorplan for more details.

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: Del Robles

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $307k1220k

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

Neighborhood: Del Robles

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17283804

* 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
Herman Intermediate School And Adventure Primary Regular 822 38 8
Herman Intermediate School And Adventure Middle Regular 822 38 8
Santa Teresa High School High Magnet 2,306 89 9

Herman Intermediate School And Adventure

  • Education Level: Primary
  • # of students: 822
  • # of teachers: 38
8
GreatSchools Rating

Herman Intermediate School And Adventure

  • Education Level: Middle
  • # of students: 822
  • # of teachers: 38
8
GreatSchools Rating

Santa Teresa High School

  • Education Level: High
  • # of students: 2,306
  • # of teachers: 89
9
GreatSchools Rating
 

$899,955$1,099,945$999,950

PURCHASE PRICE

$2,799$3,421$3,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,110
EXPENSES Loan Payment -$3,473
Property Tax -$1,207
Property Insurance -$60
Property Management Fees -$129
CASH FLOW
-$1,759

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.

$999,950

PROJECTED PRICE

$3,110

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.84%
Appreciation Year (1-5) 11.3%
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$270,737

INVESTMENT

$270,737

Down Payment
$249,988
Rehab Estimate
$5,750
Closing Costs
$14,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,473

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $249,988
Loan Amount $749,963
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$21

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,110

    LIST RENT
  • $2.32

    LIST RENT PER SQFT
  • $3,075

    COMP ESTIMATED VALUE
  • $2.3

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$3,1103$3,1954$3,3505$3,690
$3,690
RENT COMPS ANALYSIS
  • 368 Avenida Manzanos San Jose, CA 2
    • 4 beds 2 baths ∙ 1,340 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,340 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $3,110
    • $2.32
    •  
  • 279 Sumba Ct San Jose, CA 1
    • 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1985
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.01
    •  
  • 620 Calero Ave San Jose, CA 3
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1976
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $2.28
    •  
  • 5328 Cedar Grove Cir San Jose, CA 4
    • 4 beds 2 baths ∙ 1,362 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,362 Sqft ∙ Built 1977
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.46
    •  
  • 185 Tulip Blossom Ct San Jose, CA 5
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1976
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,690
    • $2.43
    •  
PROPERTY LISTING DETAILS
Armin J.r. Mckee
Home In Silicon Valley
BESbswy