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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1971
- Price/Sqft : $778.64
- 2 Days on Market
- MLS # : ML81823652
- Updated Date : 12/19/2020 at 22:41
CONSTRUCTION
- Beds : 3
- Floor Size : 1,283 sqft
- Baths : 2 full
Listing Agent
Intero Real Estate Services
Listing Agent's Description
WOW! A Beautiful Gem! This single family home is located in the desirable Blossom Valley, in vicinity to a plethora of thriving businesses & parks ripe w/ outdoor recreational activities. Front landscape is vitally designed w/ private fence & personal touches, offering a nice curb appeal. Sitting on a big lot 6381 SqFt, this house boasts 1283 SqFt living space, 3BR | 2BA, bonus a huge sunroom, perfect for family activities. Many exciting upgrades: bright & open floor plan, LED recessed lights, dual pane windows, modern light fixture, upgraded baths, copper plumbing, central AC/ Heat, tastefully remodeled kitchen w/ maple cabinets, granite counter top, stainless steel appliances, custom crown molding, Solar panels, EV charger. A thoughtfully designed backyard brings you to the world of calm, zen w/ green belts, flowers, many fruit trees. Location is perfectly close to hitech HQs, freeways, markets, acclaimed schools, prime retailers, Kaiser. Look No Further! This is your dream home.
SEE MORE
MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Del Robles
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Del Robles
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,350 |
| EXPENSES | Loan Payment | -$3,686 |
| Property Tax | -$1,206 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$131 | |
|
CASH FLOW
-$1,731
|
||
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.
$999,000
PROJECTED PRICE
$3,350
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$270,485
LOAN DETAILS
$3,686
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $249,750 |
| Loan Amount | $749,250 |
0.08
YEARS SAVED
$61
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
-
$3,365
COMP ESTIMATED VALUE -
$2.62
COMP AVG. RENT PER SQFT
Comps Range
-
394 Avenida Manzanos San Jose, CA 1
- 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 1971
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
390 Grandpark Cir San Jose, CA 2
- 3 beds 2 baths ∙ 1,153 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,153 Sqft ∙ Built 1972
![property image]()
LEASED 04/16/20- Rent
- Rent Per SQFT
- $3,200
- $2.78
-
5328 Cedar Grove Cir San Jose, CA 3
- 4 beds 2 baths ∙ 1,362 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,362 Sqft ∙ Built 1977
![property image]()
LEASED 12/09/20- Rent
- Rent Per SQFT
- $3,350
- $2.46
-
6162 Blossom Ave San Jose, CA 4
- 4 beds 2 baths ∙ 1,495 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,495 Sqft ∙ Built 1968
![property image]()
LEASED 09/22/20- Rent
- Rent Per SQFT
- $3,900
- $2.61
-
4074 Naomi Ct San Jose, CA 5
- 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1976
![property image]()
LEASED 12/15/20- Rent
- Rent Per SQFT
- $4,250
- $2.64
PROPERTY LISTING DETAILS
Intero Real Estate Services
