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453 Atlanta Ave San Jose, CA 95125

3 Beds 2 Baths 1,976 sqft Built 1920

$1,500,000

List Price

$4,310

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1920
  • Price/Sqft : $759.11
  • 2 Days on Market
  • MLS # : ML81824050
  • Updated Date : 12/26/2020 at 10:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,976 sqft
  • Baths : 2 full
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Contemporary Luxury Meets Historical Preservation at 453 Atlanta Ave! Upgraded with Countless Features, this Single Story Enchanting Craftsman Bungalow Features 3 Bedrooms, 2 Full Bath, a Formal Living Room, Dining Area, Kitchen, Family Room, Laundry Room, and Mud Room. The Bedroom Suite Includes a Sitting Room with a Bay Window. Numerous Upgrades Throughout Include Hickory Hardwood Floors, Dimmable Skylights, Recessed Lighting, Premium Loewen Windows, Custom Cabinetry, Jetted Soaking Tub, Custom Built-Ins, Accent Lighting, and Fully Remodeled ADU with a Full Bathroom, Kitchen, and LVP Hardwood Floors. Professionally Landscaped Front and Back Yard with Automatic Irrigation System, Garden Lights, and a Sitting Area under Pergola. Short Distance to Downtown Willow Glen, Diridon Transit Center by Proposed Google Campus, Santana Row and Valley Fair Mall. Easy Access to Highways 280, 87, 101, and 680. Make this Inviting Property Your Home and Experience the Perfect Work-Life Balance!

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: Atlanta Bird

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $307k1220k

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

Neighborhood: Atlanta Bird

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21400160018002000220024002600280030003200340036003800Rent in $12933804

* 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
Willow Glen Elementary School Primary Regular 803 28 5
Willow Glen Middle School Middle Regular 1,259 57 6
Willow Glen High School High Regular 1,660 75 7

Willow Glen Elementary School

  • Education Level: Primary
  • # of students: 803
  • # of teachers: 28
5
GreatSchools Rating

Willow Glen Middle School

  • Education Level: Middle
  • # of students: 1,259
  • # of teachers: 57
6
GreatSchools Rating

Willow Glen High School

  • Education Level: High
  • # of students: 1,660
  • # of teachers: 75
7
GreatSchools Rating
 

$1,350,000$1,650,000$1,500,000

PURCHASE PRICE

$3,879$4,741$4,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,310
EXPENSES Loan Payment -$5,534
Property Tax -$1,675
Property Insurance -$75
Property Management Fees -$168
CASH FLOW
-$3,142

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.

$1,500,000

PROJECTED PRICE

$4,310

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.84%
Appreciation Year (1-5) 11.3%
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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$403,250

INVESTMENT

$403,250

Down Payment
$375,000
Rehab Estimate
$5,750
Closing Costs
$22,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,534

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $375,000
Loan Amount $1,125,000
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$51

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
  • $4,446

    COMP ESTIMATED VALUE
  • $2.25

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,2503$4,495
$4,495
RENT COMPS ANALYSIS
  • 453 Atlanta Ave San Jose, CA 1
    • 3 beds 2 baths ∙ 1,976 Sqft ∙ Built 1920 3 beds 2 baths ∙ 1,976 Sqft ∙ Built 1920
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1011 Camino Ramon San Jose, CA 2
    • 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1938 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1938
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $2.36
    •  
  • 660 Coe Ave San Jose, CA 3
    • 3 beds 2 baths ∙ 2,098 Sqft ∙ Built 1910 3 beds 2 baths ∙ 2,098 Sqft ∙ Built 1910
    property image
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,495
    • $2.14
    •  
PROPERTY LISTING DETAILS
Andy Tse
Intero Real Estate Services
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