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PROPERTY INFO
FACTS
- Single Family
- Built In 1959
- Price/Sqft : $788.36
- 3 Days on Market
- MLS # : ML81821582
- Updated Date : 11/28/2020 at 17:43
CONSTRUCTION
- Beds : 3
- Floor Size : 1,522 sqft
- Baths : 2 full
Listing Agent
Wepro Real Estate Services
Listing Agent's Description
In a Great Cambrian neighborhood, On a Quiet Street 3 bedroom with 2 baths & Approx. 1,522 sf with over 7,000 sf lot, Separate living/ private office & family room, New roof & gutters are installed in 2015, New owner-owned solar panels 2019 Double pane windows less than 5 yrs old, New interior & exterior paint, Gourmet kitchen cabinets & granite counter top, Stainless steel appliances with induction cooktop, Laminate & tile floors, Copper pipes. interior laundry room, Recessed lights and ceiling fans, Heating and A/C system is less than 5 yrs old, Whole house fan, Crown molding and plantation shutters, Electrical Charger for Car inside the garage. Back yard features 7ft new fencing, fruit trees, play area and large redwood deck . Attached two car garage w/ auto opener, Great schools district. Close to shops, highways, schools, hospitals and park.
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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: Rose - Sartorette
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rose - Sartorette
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,950 |
| EXPENSES | Loan Payment | -$4,427 |
| Property Tax | -$1,407 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$154 | |
|
CASH FLOW
-$2,102
|
||
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.
$1,199,888
PROJECTED PRICE
$3,950
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 12.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.19% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$323,720
LOAN DETAILS
$4,427
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $299,972 |
| Loan Amount | $899,916 |
0.08
YEARS SAVED
$69
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,950
LIST RENT -
$2.6
LIST RENT PER SQFT
-
$4,045
COMP ESTIMATED VALUE -
$2.66
COMP AVG. RENT PER SQFT
Comps Range
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4143 Rondeau Dr San Jose, CA 4
- 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1959
- Rent
- Rent Per SQFT
- $3,950
- $2.60
-
4954 Alan Ave San Jose, CA 1
- 4 beds 2 baths ∙ 1,374 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,374 Sqft ∙ Built 1956
LEASED 02/26/20- Rent
- Rent Per SQFT
- $3,495
- $2.54
-
1836 Rochelle Dr San Jose, CA 2
- 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1959
LEASED 11/06/20- Rent
- Rent Per SQFT
- $3,550
- $2.73
-
1810 Brighten Ave San Jose, CA 3
- 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1958
LEASED 12/31/19- Rent
- Rent Per SQFT
- $3,795
- $2.56
-
1514 San Joaquin Ave San Jose, CA 5
- 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1954 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1954
LEASED 10/12/20- Rent
- Rent Per SQFT
- $4,000
- $2.80
PROPERTY LISTING DETAILS
Wepro Real Estate Services
