Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

451 War Admiral Ave San Jose, CA 95111

4 Beds 2 Baths 1,427 sqft Built 1962

$815,000

List Price

$3,480

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $571.13
  • 3 Days on Market
  • MLS # : ML81822234
  • Updated Date : 12/04/2020 at 11:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,427 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Beautiful home on a corner lot! Gated driveway. Quiet location. 5th sun-drenched bonus room off of the master bedroom opens to large side patio makes a great Office or a Den. Kitchen upgraded w/ granite countertops, tile floor, ceiling lights, crown molding, double stainless sinks, hardwood floors throughout, dual pane window and doors, ceiling fans, upgraded bathrooms, Cozy Outside spaces with lush landscaping and a raised area perfect for a garden, large shed in the back for storage or great for workshop, fruit trees, Great Oaks Park nearby, covered patio for year-round outdoor enjoyment. Owned Solar Panels create little to no energy bill.

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: Great Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $307k1220k

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

Neighborhood: Great Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17833804

* 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
Stipe Elementary School Primary Regular 380 15 3
Davis Intermediate School Middle Regular 664 30 4
Oak Grove High School High Magnet 1,903 78 6

Stipe Elementary School

  • Education Level: Primary
  • # of students: 380
  • # of teachers: 15
3
GreatSchools Rating

Davis Intermediate School

  • Education Level: Middle
  • # of students: 664
  • # of teachers: 30
4
GreatSchools Rating

Oak Grove High School

  • Education Level: High
  • # of students: 1,903
  • # of teachers: 78
6
GreatSchools Rating
 

$733,500$896,500$815,000

PURCHASE PRICE

$3,132$3,828$3,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,480
EXPENSES Loan Payment -$3,007
Property Tax -$1,010
Property Insurance -$62
Property Management Fees -$136
CASH FLOW
-$734

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$815,000

PROJECTED PRICE

$3,480

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.84%
Appreciation Year (1-5) 11.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.28%
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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$221,725

INVESTMENT

$221,725

Down Payment
$203,750
Rehab Estimate
$5,750
Closing Costs
$12,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,007

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $203,750
Loan Amount $611,250
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$13,301

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,480

    LIST RENT
  • $2.44

    LIST RENT PER SQFT
  • $3,701

    COMP ESTIMATED VALUE
  • $2.59

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,4803$3,4954$3,690
$3,690
RENT COMPS ANALYSIS
  • 451 War Admiral Ave San Jose, CA 2
    • 4 beds 2 baths ∙ 1,427 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,427 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $3,480
    • $2.44
    •  
  • 5428 Demerest Ln San Jose, CA 1
    • 3 beds 2 baths ∙ 1,105 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,105 Sqft ∙ Built 1979
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $3.08
    •  
  • 240 Branham Ln San Jose, CA 3
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1976
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $2.27
    •  
  • 185 Tulip Blossom Ct San Jose, CA 4
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1976
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,690
    • $2.43
    •  
PROPERTY LISTING DETAILS
Liz Winegar-howard
Coldwell Banker Realty
BESbswy