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4082 W Rincon Ave Campbell, CA 95008

4 Beds 2 Baths 1,512 sqft Built 1963

INVESTimate

$1,399,888

List Price

$4,000

$3,750 - $4,250

Rent Est.

$1,607,491  ( +14.83%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1963
  • Price/Sqft : $925.85
  • 9 Days on Market
  • MLS # : ML81806585
  • Updated Date : 08/26/2020 at 01:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,512 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty-silicon Valley

Listing Agent's Description

Move-in ready, extensively remodeled single-story home on a tree-lined street in a highly desirable Campbell neighborhood! This home was remodeled with designer finishes and open floor plan with new LED recessed lights, stylish laminate floors and crown molding throughout�*Stunning chef's kitchen boasts high-end stainless steel appliances *Impressive kitchen island with marble countertop and breakfast bar�*Custom Shaker Style cabinets *Butlers bar with display cabinets *Bright and spacious living room & family room with cozy fireplace *Expansive master suite features oversized closets, dual vanity�and stall shower *Hallway bath with jacuzzi tub &�dual vanity *Walk to Harker and Baker schools, San Tomas Park and Nob Hill grocery *Close to downtown Campbell, Westgate, El Paseo shopping, Safeway, Santana Row and Valley Fair Mall *Easy access to San Tomas Expy, Lawrence Expy, Hwy 85, Hwy 17 & Hwy 280 *Easy commute to Apple, Google, Netflix, Nvidia & many Silicon Valley high tech companies

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: San Tomas Aquinos

NeighborhoodNIR Market*CityMarket2010Year20002019500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $411k1665k

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

Neighborhood: San Tomas Aquinos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800400042004400Rent in $17624493

* 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
Baker Elementary School Primary Regular 722 30 7
Moreland Middle School Middle Regular 1,027 40 7
Westmont High School High Regular 1,537 68 8

Baker Elementary School

  • Education Level: Primary
  • # of students: 722
  • # of teachers: 30
7
GreatSchools Rating

Moreland Middle School

  • Education Level: Middle
  • # of students: 1,027
  • # of teachers: 40
7
GreatSchools Rating

Westmont High School

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

$1,259,899$1,539,877$1,399,888

PURCHASE PRICE

$3,600$4,400$4,000

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,000
EXPENSES Loan Payment -$5,165
Property Tax -$1,744
Property Insurance -$64
Property Management Fees -$156
CASH FLOW
-$3,129

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.

$1,399,888

PROJECTED PRICE

$4,000

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.83%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$376,720

INVESTMENT

$376,720

Down Payment
$349,972
Rehab Estimate
$5,750
Closing Costs
$20,998

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,165

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $349,972
Loan Amount $1,049,916
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$114

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,000

    LIST RENT
  • $2.65

    LIST RENT PER SQFT
  • $4,381

    COMP ESTIMATED VALUE
  • $2.9

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$4,0003$4,4994$4,6005$4,648
$4,648
RENT COMPS ANALYSIS
  • 4082 W Rincon Ave Campbell, 2
    • 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.65
    •  
  • 1099 Boynton Ave San Jose, 1
    • 4 beds 2 baths ∙ 1,236 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,236 Sqft ∙ Built 1958
    property image
    LEASED 02/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.83
    •  
  • 4758 Alex Dr San Jose, 3
    • 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1963
    property image
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,499
    • $2.81
    •  
  • 2101 Saverio Ct San Jose, 4
    • 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 1964
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $2.90
    •  
  • 36 Shereen Pl Campbell, 5
    • 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1973
    property image
    LEASED 05/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,648
    • $3.05
    •  
PROPERTY LISTING DETAILS
Coco Tan
Keller Williams Realty-silicon Valley
BESbswy