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3744 Cadwallader Ave San Jose, CA 95121

4 Beds 3 Baths 1,994 sqft Built 1967

$1,098,888

List Price

$3,970

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1967
  • Price/Sqft : $551.10
  • 6 Days on Market
  • MLS # : ML81817569
  • Updated Date : 11/02/2020 at 08:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,994 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Of California Inc.

Listing Agent's Description

You'll fall in love with this gorgeous Evergreen beauty! This stylish residence boasts a multi-purpose bonus room which readily serves as a 5th bedroom or office. The home has been masterfully remodeled with the highest quality finishes, a gourmet kitchen with quartz countertops, & top of line stainless steel appliances, a handsome stacked stone fireplace, generous cabinetry includes a built-in wine fridge, & wide plank hardwood floors shine throughout. Pamper yourself in the luxurious spa-like master bath with a deep soaking tub, double vanity, & oversize shower with infinity glass. Upscale outdoor living area perfect for entertaining complete with plank tile, massive pergola & mounted case for a flat-screen. Paved space for boat or RV parking. Owned solar panels in full sun, tankless water heater & low maintenance turf landscaping reduce costs & make this home energy efficient. Close to 101, Dining, Sprouts, Safeway, 24-Hour Fitness. Get your finances ready. This one won't last.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Creekside North

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1220k

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

Neighborhood: Creekside North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17853814

* 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
Cadwallader Elementary School Primary Regular 366 15 7
Cadwallader Elementary School Middle Regular 366 15 7
Silver Creek High School High Magnet 2,465 93 9

Cadwallader Elementary School

  • Education Level: Primary
  • # of students: 366
  • # of teachers: 15
7
GreatSchools Rating

Cadwallader Elementary School

  • Education Level: Middle
  • # of students: 366
  • # of teachers: 15
7
GreatSchools Rating

Silver Creek High School

  • Education Level: High
  • # of students: 2,465
  • # of teachers: 93
9
GreatSchools Rating
 

$988,999$1,208,777$1,098,888

PURCHASE PRICE

$3,573$4,367$3,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,970
EXPENSES Loan Payment -$4,054
Property Tax -$1,319
Property Insurance -$75
HOA -$25
Property Management Fees -$155
CASH FLOW
-$1,658

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.

$1,098,888

PROJECTED PRICE

$3,970

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.4%
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$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$296,955

INVESTMENT

$296,955

Down Payment
$274,722
Rehab Estimate
$5,750
Closing Costs
$16,483

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,054

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $274,722
Loan Amount $824,166
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$531

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,970

    LIST RENT
  • $1.99

    LIST RENT PER SQFT
  • $3,973

    COMP ESTIMATED VALUE
  • $1.99

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$3,8003$3,8654$3,9505$3,970
$3,970
RENT COMPS ANALYSIS
  • 3744 Cadwallader Ave San Jose, CA 5
    • 4 beds 4 baths ∙ 1,994 Sqft ∙ Built 1967 4 beds 4 baths ∙ 1,994 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $3,970
    • $1.99
    •  
  • 2922 Whittington Dr San Jose, CA 1
    • 5 beds 2 baths ∙ 1,805 Sqft ∙ Built 1967 5 beds 2 baths ∙ 1,805 Sqft ∙ Built 1967
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.05
    •  
  • 3115 Mosshall Way San Jose, CA 2
    • 3 beds 2 baths ∙ 1,940 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,940 Sqft ∙ Built 1976
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.96
    •  
  • 5125 Harvest Est San Jose, CA 3
    • 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1973
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,865
    • $2.06
    •  
  • 3069 Wetmore Dr San Jose, CA 4
    • 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 1979
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.90
    •  
PROPERTY LISTING DETAILS
Sean Cooper
Exp Realty Of California Inc.
BESbswy