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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $806.65
- 5 Days on Market
- MLS # : ML81824224
- Updated Date : 12/30/2020 at 09:57
CONSTRUCTION
- Beds : 2
- Floor Size : 1,066 sqft
- Baths : 1 full
Listing Agent
Coldwell Banker-the Real Estate People
Listing Agent's Description
Absolutely stunning Silicon Valley Home !!! This wonderful Single Family Residence is located in the beautiful Parkview Valley suburbs and features many modern upgrades to go along with the very generous cul-de-sac lot and open floor plan. This home includes 2 spacious bedrooms and 1 oversized and fully customized bathroom. This home features newer dual pane windows, ceiling insulation, energy star kitchen appliances and low flow water fixtures in bathroom. The large kitchen provides plentiful cabinet storage and also gorgeous granite countertop space with matching island/breakfast bar. Central Heating and A/C. Other features include recessed lighting and ceiling fixtures to compliment the beautiful laminate floor and welcoming colors throughout the home. The exterior provides RV parking and an oversized lot suitable for the owner's privacy. The front and back yards are beautifully landscaped and are perfect for entertaining. Come down and take a look, this opportunity won't last.
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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: Parkview
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Parkview
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,740 |
| EXPENSES | Loan Payment | -$3,173 |
| Property Tax | -$1,036 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$1,651
|
||
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.
$859,888
PROJECTED PRICE
$2,740
PROJECTED RENT
0.32%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 13.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.19% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$233,620
LOAN DETAILS
$3,173
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $214,972 |
| Loan Amount | $644,916 |
0
YEARS SAVED
$3
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
-
$2,747
COMP ESTIMATED VALUE -
$2.58
COMP AVG. RENT PER SQFT
Comps Range
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- $2,400
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-
5880 El Zuparko Dr 2 San Jose, CA 4
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LEASED 04/11/20- Rent
- Rent Per SQFT
- $2,495
- $2.60
PROPERTY LISTING DETAILS
Coldwell Banker-the Real Estate People
