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

368 Sunpark Ct San Jose, CA 95136

2 Beds 1 Baths 1,066 sqft Built 1973

$859,888

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
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.

SEE MORE

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

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1220k

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

Neighborhood: Parkview

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17803804

* 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
Parkview Elementary School Primary Regular 603 22 6
Parkview Elementary School Middle Regular 603 22 6
Andrew P. Hill High School High Magnet 2,015 87 5

Parkview Elementary School

  • Education Level: Primary
  • # of students: 603
  • # of teachers: 22
6
GreatSchools Rating

Parkview Elementary School

  • Education Level: Middle
  • # of students: 603
  • # of teachers: 22
6
GreatSchools Rating

Andrew P. Hill High School

  • Education Level: High
  • # of students: 2,015
  • # of teachers: 87
5
GreatSchools Rating
 

$773,899$945,877$859,888

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
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$233,620

INVESTMENT

$233,620

Down Payment
$214,972
Rehab Estimate
$5,750
Closing Costs
$12,898

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,173

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $214,972
Loan Amount $644,916
See What Happens When You Reinvest Cash Flow

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
$0
1$02$2,3503$2,4004$2,495
$2,495
RENT COMPS ANALYSIS
  • 368 Sunpark Ct San Jose, CA 1
    • 2 beds 1 baths ∙ 1,066 Sqft ∙ Built 1973 2 beds 1 baths ∙ 1,066 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • Don Carlos Ct San Jose, CA 2
    • 2 beds 2 baths ∙ 950 Sqft ∙ Built 1970 2 beds 2 baths ∙ 950 Sqft ∙ Built 1970
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $2.47
    •  
  • 256 Tradewinds Ct 2 San Jose, CA 3
    • 2 beds 1 baths ∙ 903 Sqft ∙ Built 1970 2 beds 1 baths ∙ 903 Sqft ∙ Built 1970
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.66
    •  
  • 5880 El Zuparko Dr 2 San Jose, CA 4
    • 2 beds 2 baths ∙ 960 Sqft ∙ Built 1971 2 beds 2 baths ∙ 960 Sqft ∙ Built 1971
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $2.60
    •  
PROPERTY LISTING DETAILS
Rob Espino
Coldwell Banker-the Real Estate People
BESbswy