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401 Dardanelli Ln Los Gatos, CA 95032

4 Beds 3 Baths 2,100 sqft Built 1954

$1,798,000

List Price

$3,940

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $856.19
  • 6 Days on Market
  • MLS # : ML81824166
  • Updated Date : 01/02/2021 at 15:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,100 sqft
  • Baths : 3 full
Listing Agent

Dpl Real Estate

Listing Agent's Description

Move in and enjoy this gorgeous 4 bedroom plus separate large den single-story home in Los Gatos. Beautifully remodeled throughout. Stunning open chef's kitchen with huge island, granite countertops, custom cabinets & stainless-steel appliances. Large dining area. Spacious living room with beautiful fireplace and expansive windows. Awesome separate large finished den room off the garage. Spacious children's bedrooms. Dream-like Master suite with walk-in closet and large beautiful bathroom. Crown molding, recessed lighting and designer touches. Inside laundry room and mud room. Double-pane windows and central A/C. Private backyard with large lawn and deck. Attached garage. Flagstone driveway. Excellent commute location with easy access to freeways and expressways. Great proximity to schools, Hospital, Jack Fischer Park, shopping and dining. Award-winning schools. Wow.

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: Rinconada

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800kPrice in $411k1990k

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

Neighborhood: Rinconada

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2200025003000350040004500500055006000Rent in $19076004

* 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
Capri Elementary School Primary Regular 706 29 7
Rolling Hills Middle School Middle Regular 985 45 7
Westmont High School High Regular 1,537 68 8

Capri Elementary School

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 29
7
GreatSchools Rating

Rolling Hills Middle School

  • Education Level: Middle
  • # of students: 985
  • # of teachers: 45
7
GreatSchools Rating

Westmont High School

  • Education Level: High
  • # of students: 1,537
  • # of teachers: 68
8
GreatSchools Rating
 

$1,618,200$1,977,800$1,798,000

PURCHASE PRICE

$3,546$4,334$3,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,940
EXPENSES Loan Payment -$6,634
Property Tax -$1,947
Property Insurance -$61
Property Management Fees -$154
CASH FLOW
-$4,856

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.

$1,798,000

PROJECTED PRICE

$3,940

PROJECTED RENT

0.22%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M

PROJECTED ANNUAL CASH FLOW

11530-$70k-$60k-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$482,220

INVESTMENT

$482,220

Down Payment
$449,500
Rehab Estimate
$5,750
Closing Costs
$26,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$6,634

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $449,500
Loan Amount $1,348,500
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$793

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
  • $3,945

    COMP ESTIMATED VALUE
  • $2.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,7503$3,8004$4,2005$4,850
$4,850
RENT COMPS ANALYSIS
  • 401 Dardanelli Ln Los Gatos, CA 1
    • 3 beds 3 baths ∙ 1,419 Sqft ∙ Built 1954 3 beds 3 baths ∙ 1,419 Sqft ∙ Built 1954
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4172 Lemoyne Way San Jose, CA 2
    • 3 beds 2 baths ∙ 1,335 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,335 Sqft ∙ Built 1963
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $2.81
    •  
  • 221 Elm Wood Ct Los Gatos, CA 3
    • 4 beds 3 baths ∙ 1,533 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,533 Sqft ∙ Built 1971
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.48
    •  
  • 4547 Tomrick Ave San Jose, CA 4
    • 4 beds 2 baths ∙ 1,457 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,457 Sqft ∙ Built 1965
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.88
    •  
  • 14370 Oka Ln Los Gatos, CA 5
    • 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1961
    property image
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,850
    • $2.95
    •  
PROPERTY LISTING DETAILS
David Lillo
Dpl Real Estate
BESbswy