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4198 Kingspark Dr San Jose, CA 95136

3 Beds 2 Baths 1,442 sqft Built 1971

$1,000,000

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $693.48
  • 4 Days on Market
  • MLS # : ML81820906
  • Updated Date : 11/21/2020 at 10:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,442 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

A charming 3 bedroom, 2 bath ranch style home on a tree-lined street. A spacious back yard that offers fruit trees and great potential to make if you very own oasis. Well-appointed custom kitchen offers granite counters, high-end cabinets, designed form maximum storage, and utility. Imagine the great memories youll make, sitting around the large island making and enjoying meals with family and friends. New HVAC in 2010. Walking distance to the elementary school and local Association pool. Just a few minutes away from convenient stores and shopping centers.

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: Parkview

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1220k

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

Neighborhood: Parkview

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17803804

* 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
Parkview Elementary School Primary Regular 603 22 6
Parkview Elementary School Middle Regular 603 22 6
Andrew P. Hill High School High Magnet 2,015 87 5

Parkview Elementary School

  • Education Level: Primary
  • # of students: 603
  • # of teachers: 22
6
GreatSchools Rating

Parkview Elementary School

  • Education Level: Middle
  • # of students: 603
  • # of teachers: 22
6
GreatSchools Rating

Andrew P. Hill High School

  • Education Level: High
  • # of students: 2,015
  • # of teachers: 87
5
GreatSchools Rating
 

$900,000$1,100,000$1,000,000

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$3,690
Property Tax -$1,207
Property Insurance -$62
HOA -$400
Property Management Fees -$129
CASH FLOW
-$2,198

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.

$1,000,000

PROJECTED PRICE

$3,290

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.3%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,750

INVESTMENT

$270,750

Down Payment
$250,000
Rehab Estimate
$5,750
Closing Costs
$15,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,690

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $250,000
Loan Amount $750,000
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$88

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,290

    LIST RENT
  • $2.28

    LIST RENT PER SQFT
  • $3,307

    COMP ESTIMATED VALUE
  • $2.29

    COMP AVG. RENT PER SQFT
Comps Range
$3,290
1$3,2902$3,4953$3,5004$3,700
$3,700
RENT COMPS ANALYSIS
  • 4198 Kingspark Dr San Jose, CA 1
    • 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $2.28
    •  
  • 240 Branham Ln San Jose, CA 2
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1976
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $2.27
    •  
  • 812 Hermiston Dr San Jose, CA 3
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1967
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.07
    •  
  • 4504 Del Rey Ave San Jose, CA 4
    • 4 beds 2 baths ∙ 1,458 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,458 Sqft ∙ Built 1964
    property image
    LEASED 05/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.54
    •  
PROPERTY LISTING DETAILS
Vito Scarnecchia
Coldwell Banker Realty
BESbswy