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3849 Whinney Place Way San Jose, CA 95121

5 Beds 3 Baths 1,936 sqft Built 1973

$1,080,000

List Price

$3,800

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $557.85
  • 3 Days on Market
  • MLS # : CC40929930
  • Updated Date : 11/21/2020 at 07:28
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,936 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

47 years in the same family, first and only owner, now it's time to let go. Great home for a growing family, this 5 bedroom 3 bath home is move in ready!

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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: Dovehill

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $307k1220k

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

Neighborhood: Dovehill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17833804

* 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
Dove Hill Elementary School Primary Regular 529 20 4
Dove Hill Elementary School Middle Regular 529 20 4
Silver Creek High School High Magnet 2,465 93 9

Dove Hill Elementary School

  • Education Level: Primary
  • # of students: 529
  • # of teachers: 20
4
GreatSchools Rating

Dove Hill Elementary School

  • Education Level: Middle
  • # of students: 529
  • # of teachers: 20
4
GreatSchools Rating

Silver Creek High School

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

$972,000$1,188,000$1,080,000

PURCHASE PRICE

$3,420$4,180$3,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,800
EXPENSES Loan Payment -$3,985
Property Tax -$1,296
Property Insurance -$74
Property Management Fees -$148
CASH FLOW
-$1,703

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.

$1,080,000

PROJECTED PRICE

$3,800

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.84%
Appreciation Year (1-5) 8.3%
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$5.0k

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$291,950

INVESTMENT

$291,950

Down Payment
$270,000
Rehab Estimate
$5,750
Closing Costs
$16,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,985

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $270,000
Loan Amount $810,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$293

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,800

    LIST RENT
  • $1.96

    LIST RENT PER SQFT
  • $3,969

    COMP ESTIMATED VALUE
  • $2.05

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$3,800
$3,800
RENT COMPS ANALYSIS
  • 3849 Whinney Place Way San Jose, CA 2
    • 5 beds 3 baths ∙ 1,936 Sqft ∙ Built 1973 5 beds 3 baths ∙ 1,936 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.96
    •  
  • 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
    •  
PROPERTY LISTING DETAILS
Elizabeth Gonzalez
Keller Williams Realty
BESbswy