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423 Curie Dr San Jose, CA 95123

4 Beds 2 Baths 1,745 sqft Built 1969

$1,150,000

List Price

$3,600

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $659.03
  • 5 Days on Market
  • MLS # : ML81823404
  • Updated Date : 12/18/2020 at 12:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,745 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Drysdale Prop

Listing Agent's Description

Beautiful Home with Stunning Views of the Foothills! This 4 bedroom, 2 bath home has a fabulous open floorplan and many upgrades throughout. Gourmet kitchen features custom cabinets, quartz counters, glass tile backsplash, stainless steel appliances, recessed and under counter lighting & breakfast bar. Step-down living room with vaulted ceiling & wood burning fireplace. Spacious family room with vaulted ceiling & plantation shutters on windows and slider. Master retreat with oversized jetted tub, skylight, plantation shutters and private slider to backyard. Additional amenities include Luxury Vinyl Plank Flooring in entry, living room, dining room, kitchen and family room that includes a waterproof warranty. Dual pane windows, sun tunnels and 6 panel doors throughout. Low maintenance backyard is an entertainers delight with beautiful stamped concrete and tranquil garden area. Centrally located near walking trails, shopping, restaurants, church, schools and Santa Teresa County Park.

SEE MORE

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: La Colina

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1220k

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

Neighborhood: La Colina

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17643804

* 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
Taylor Elementary School Primary Regular 647 23 7
Bernal Intermediate School Middle Regular 807 36 7
Santa Teresa High School High Magnet 2,306 89 9

Taylor Elementary School

  • Education Level: Primary
  • # of students: 647
  • # of teachers: 23
7
GreatSchools Rating

Bernal Intermediate School

  • Education Level: Middle
  • # of students: 807
  • # of teachers: 36
7
GreatSchools Rating

Santa Teresa High School

  • Education Level: High
  • # of students: 2,306
  • # of teachers: 89
9
GreatSchools Rating
 

$1,035,000$1,265,000$1,150,000

PURCHASE PRICE

$3,240$3,960$3,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,600
EXPENSES Loan Payment -$4,243
Property Tax -$1,388
Property Insurance -$69
Property Management Fees -$140
CASH FLOW
-$2,241

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.

$1,150,000

PROJECTED PRICE

$3,600

PROJECTED RENT

0.31%

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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$310,500

INVESTMENT

$310,500

Down Payment
$287,500
Rehab Estimate
$5,750
Closing Costs
$17,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,243

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $287,500
Loan Amount $862,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$7

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
  • $3,918

    COMP ESTIMATED VALUE
  • $2.25

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,6003$3,6904$3,8805$4,000
$4,000
RENT COMPS ANALYSIS
  • 423 Curie Dr San Jose, CA 1
    • 4 beds 2 baths ∙ 1,745 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,745 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 428 Sautner Dr San Jose, CA 2
    • 4 beds 2 baths ∙ 1,595 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,595 Sqft ∙ Built 1968
    property image
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.26
    •  
  • 185 Tulip Blossom Ct San Jose, CA 3
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1976
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,690
    • $2.43
    •  
  • 6373 Pearlroth Dr San Jose, CA 4
    • 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 1976
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,880
    • $2.12
    •  
  • 5894 Paddon Cir San Jose, CA 5
    • 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 1972
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.17
    •  
PROPERTY LISTING DETAILS
Jeannie Frangos
Berkshire Hathaway Homeservices Drysdale Prop
BESbswy