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4143 Rondeau Dr San Jose, CA 95124

3 Beds 2 Baths 1,522 sqft Built 1959

$1,199,888

List Price

$3,950

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
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.

SEE MORE

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

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $373k1338k

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

Neighborhood: Rose - Sartorette

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17853804

* 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
Oster Elementary School Primary Regular 526 22 9
Dartmouth Middle School Middle Regular 859 37 8
Branham High School High Regular 1,468 62 9

Oster Elementary School

  • Education Level: Primary
  • # of students: 526
  • # of teachers: 22
9
GreatSchools Rating

Dartmouth Middle School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 37
8
GreatSchools Rating

Branham High School

  • Education Level: High
  • # of students: 1,468
  • # of teachers: 62
9
GreatSchools Rating
 

$1,079,899$1,319,877$1,199,888

PURCHASE PRICE

$3,555$4,345$3,950

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,720

INVESTMENT

$323,720

Down Payment
$299,972
Rehab Estimate
$5,750
Closing Costs
$17,998

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,427

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $299,972
Loan Amount $899,916
See What Happens When You Reinvest Cash Flow

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
$3,495
1$3,4952$3,5503$3,7954$3,9505$4,000
$4,000
RENT COMPS ANALYSIS
  • 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
Ken Kabir
Wepro Real Estate Services
BESbswy