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4138 W Rincon Ave Campbell, CA 95008

4 Beds 3 Baths 2,018 sqft Built 1963

INVESTimate

$1,650,000

List Price

$5,020

$4,770 - $5,270

Rent Est.

$1,894,695  ( +14.83%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1963
  • Price/Sqft : $817.64
  • 3 Days on Market
  • MLS # : ML81807615
  • Updated Date : 08/25/2020 at 10:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,018 sqft
  • Baths : 3 full
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Welcome to 4138 W. Rincon Ave, an Updated Two Story with a Great Layout. Located on a Treelined Street within walking distance of San Tomas Park, this Home features 4 Bedrooms, 3 Full Baths with an easy option to convert into a Five Bedroom Home. Spacious Living Room + Dining Room has Custom Cabinetry with a Wet Bar, Wine Rack and a Wine Fridge. Gourmet Kitchen features Newly Painted Cream Cabinets, Granite Countertops, Crisp White Subway Tiles and a Built-In Breakfast Nook. Well Laid Out for Privacy, the Primary Suite has a Separate Area Suitable for an Office/Gym/Craft Room. Meticulous Kept Grounds with a Great Lush Green Backyard Equipped with a Covered Patio Area and Charming Outdoor Lights. In Walking Distance from Local Shopping and Dining with Nob Hill Foods, Starbucks and an Ice Cream Shop! Westgate Shopping Center with Target, Trader Joes, Sprouts is just 1 Mile Away. Award Winning Schools - Baker, Moreland and Westmont plus 1 min Walking Distance from Harker Elementary.

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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: 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
 

$1,485,000$1,815,000$1,650,000

PURCHASE PRICE

$4,518$5,522$5,020

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$7.0M

PROJECTED ANNUAL CASH FLOW

11530-$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$7.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,020
EXPENSES Loan Payment -$6,088
Property Tax -$2,016
Property Insurance -$76
Property Management Fees -$196
CASH FLOW
-$3,355

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.

$1,650,000

PROJECTED PRICE

$5,020

PROJECTED RENT

0.30%

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$443,000

INVESTMENT

$443,000

Down Payment
$412,500
Rehab Estimate
$5,750
Closing Costs
$24,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $412,500
Loan Amount $1,237,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$50

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
  • $5,035

    COMP ESTIMATED VALUE
  • $2.5

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,5003$5,000
$5,000
RENT COMPS ANALYSIS
  • 4138 W Rincon Ave Campbell, 1
    • 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • Chapman Dr Campbell, 2
    • 4 beds 3 baths ∙ 1,961 Sqft ∙ Built 1959 4 beds 3 baths ∙ 1,961 Sqft ∙ Built 1959
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.29
    •  
  • 1394 Heckman Way San Jose, 3
    • 4 beds 3 baths ∙ 1,854 Sqft ∙ Built 1958 4 beds 3 baths ∙ 1,854 Sqft ∙ Built 1958
    property image
    LEASED 10/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.70
    •  
PROPERTY LISTING DETAILS
Andy Tse
Intero Real Estate Services
BESbswy