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413 Douglas Pl San Jose, CA 95126

3 Beds 3 Baths 1,450 sqft Built 2020

$1,199,000

List Price

$3,300

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $826.90
  • 6 Days on Market
  • MLS # : ML81823879
  • Updated Date : 12/22/2020 at 19:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,450 sqft
  • Baths : 2 full , 1 half
Listing Agent

Kw Santa Clara Valley Inc

Listing Agent's Description

Welcome to this Bright and Spacious Buena Vista Home! Open layout downstairs is perfect for entertaining guests, recess lighting and gourmet kitchen with backsplash and quartz countertops. Double pane windows throughout, engineered hardwood floors, laundry room and attached finished 2-car garage. Master bedroom suite features a bathroom with double Stall shower with glass door, quartz counter top and walk-in closet. Backyard space is quaint and nicely landscaped. Each floor with its own central heating and cooling system. Close proximity to Valley fair mall, Santana Row, future Google Campus, downtown Willow Glenn and downtown San Jose. Easy access to Highways 880, 280 and 17.

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: Buena Vista

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $288k1220k

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

Neighborhood: Buena Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2160018002000220024002600280030003200340036003800Rent in $14163804

* 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
Trace Elementary School Primary Regular 979 35 4
Hoover Middle School Middle Magnet 1,074 49 3
Abraham Lincoln High School High Regular 1,851 79 7

Trace Elementary School

  • Education Level: Primary
  • # of students: 979
  • # of teachers: 35
4
GreatSchools Rating

Hoover Middle School

  • Education Level: Middle
  • # of students: 1,074
  • # of teachers: 49
3
GreatSchools Rating

Abraham Lincoln High School

  • Education Level: High
  • # of students: 1,851
  • # of teachers: 79
7
GreatSchools Rating
 

$1,079,100$1,318,900$1,199,000

PURCHASE PRICE

$2,970$3,630$3,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,300
EXPENSES Loan Payment -$4,424
Property Tax -$1,373
Property Insurance -$62
Property Management Fees -$129
CASH FLOW
-$2,687

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 7% of earned rent to cover both maintenance and periods of vacancy.

$1,199,000

PROJECTED PRICE

$3,300

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.84%
Appreciation Year (1-5) 23.0%
Maintenance Year (1-5) 3.00%
Vacancy 4.28%
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$7.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$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$7.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$319,735

INVESTMENT

$319,735

Down Payment
$299,750
Rehab Estimate
$2,000
Closing Costs
$17,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,424

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $299,750
Loan Amount $899,250
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$89

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
  • $3,495

    COMP ESTIMATED VALUE
  • $2.41

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4903$3,5004$3,6005$4,445
$4,445
RENT COMPS ANALYSIS
  • 413 Douglas Pl San Jose, CA 1
    • 3 beds 3 baths ∙ 1,450 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,450 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1321 Auzerais Ave San Jose, CA 2
    • 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 2002
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,490
    • $2.31
    •  
  • Address Not Disclosed San Jose, CA 3
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2000
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.50
    •  
  • 259 Laurel Grove Ln San Jose, CA 4
    • 4 beds 3 baths ∙ 1,581 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,581 Sqft ∙ Built 2005
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.28
    •  
  • 527 Villa Centre Way San Jose, CA 5
    • 3 beds 3 baths ∙ 1,740 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,740 Sqft ∙ Built 2000
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,445
    • $2.55
    •  
PROPERTY LISTING DETAILS
Maha A Dahdouh
Kw Santa Clara Valley Inc
BESbswy