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399 Vale Dr San Jose, CA 95123

3 Beds 2 Baths 1,143 sqft Built 1968

$950,000

List Price

$3,150

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $831.15
  • 3 Days on Market
  • MLS # : ML81822196
  • Updated Date : 12/04/2020 at 20:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,143 sqft
  • Baths : 2 full
Listing Agent

Sereno Group

Listing Agent's Description

Enter this beautiful home to an inviting living room where you have open space to work, hangout or relax. Go right into the beautifully remodeled kitchen with stainless appliances, recessed and pendant lighting and a vaulted ceiling. Expansive island with extra seating can be a great place to hangout. Plenty of kitchen cabinets and more cabinets in the island make for easy storage. Patio doors lead to a relaxing backyard. Patio area has room for multiple tables and seating arrangements. Theres a grassy area to play with a puppy and a wide side yard - big enough for boat/RV parking. Great neighborhood and location! Kaiser hospital is a 5 minute drive (about 1 mile away). Grocery store, retail shops, multiple restaurants are just a 5 minute drive. Calero Park, a 4.5 acre park, is 1 minute down the road. La Colina Park is 25 acres and 5 minutes away. Both have picnic and playground areas. Once we can play and picnic, these will be great areas to get outside.

SEE MORE

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: Blossom Valley

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $372k1220k

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

Neighborhood: Blossom Valley

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
Herman Intermediate School And Adventure Primary Regular 822 38 8
Herman Intermediate School And Adventure Middle Regular 822 38 8
Santa Teresa High School High Magnet 2,306 89 9

Herman Intermediate School And Adventure

  • Education Level: Primary
  • # of students: 822
  • # of teachers: 38
8
GreatSchools Rating

Herman Intermediate School And Adventure

  • Education Level: Middle
  • # of students: 822
  • # of teachers: 38
8
GreatSchools Rating

Santa Teresa High School

  • Education Level: High
  • # of students: 2,306
  • # of teachers: 89
9
GreatSchools Rating
 

$855,000$1,045,000$950,000

PURCHASE PRICE

$2,835$3,465$3,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,150
EXPENSES Loan Payment -$3,505
Property Tax -$1,147
Property Insurance -$55
Property Management Fees -$129
CASH FLOW
-$1,686

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.

$950,000

PROJECTED PRICE

$3,150

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.3%
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$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$56

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
  • $3,216

    COMP ESTIMATED VALUE
  • $2.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2953$3,4004$3,600
$3,600
RENT COMPS ANALYSIS
  • 399 Vale Dr San Jose, CA 1
    • 3 beds 2 baths ∙ 1,143 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,143 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5924 Mohawk Dr San Jose, CA 2
    • 3 beds 2 baths ∙ 1,173 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,173 Sqft ∙ Built 1967
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $2.81
    •  
  • 5428 Demerest Ln San Jose, CA 3
    • 3 beds 2 baths ∙ 1,105 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,105 Sqft ∙ Built 1979
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $3.08
    •  
  • 6103 Vale Ct San Jose, CA 4
    • 4 beds 2 baths ∙ 1,410 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,410 Sqft ∙ Built 1968
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.55
    •  
PROPERTY LISTING DETAILS
Lynne Olenak
Sereno Group
BESbswy