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4617 Holycon Cir San Jose, CA 95136

3 Beds 2 Baths 1,442 sqft Built 1973

$999,000

List Price

$3,490

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $692.79
  • 2 Days on Market
  • MLS # : ML81823092
  • Updated Date : 12/12/2020 at 11:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,442 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Of California Inc.

Listing Agent's Description

Stunning Parkview home ready to move! Beautiful finishes from top to bottom inside and out! Kitchen is light and bright with quartz counters, new custom cabinets, stunning island with dome pendant lighting, subway tile backsplash, and new appliance's. Improvements include new laminate floors, new interior and exterior paint, new hot water heater, new abs and copper plumbing, new front door, and new lighting throughout. Bathroom amenities include new vanities, new countertops, new faucets, new toilets, new hardware, tub, new shower, new mirrors, new lighting and new plumbing fixtures. Double pane windows and shutters throughout! This is a rare opportunity to enjoy your backyard with a solar heated pool! Perfectly situated within walking distance to the Park City Park and Martial Cottle County Park! Easy freeway access to 85,87, and close to shopping & restaurants.

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
 

$899,100$1,098,900$999,000

PURCHASE PRICE

$3,141$3,839$3,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,490
EXPENSES Loan Payment -$3,686
Property Tax -$1,206
Property Insurance -$62
Property Management Fees -$136
CASH FLOW
-$1,600

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.

$999,000

PROJECTED PRICE

$3,490

PROJECTED RENT

0.35%

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-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

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$270,485

INVESTMENT

$270,485

Down Payment
$249,750
Rehab Estimate
$5,750
Closing Costs
$14,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,686

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,750
Loan Amount $749,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$171

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
  • $3,019

    COMP ESTIMATED VALUE
  • $2.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2503$3,4954$3,500
$3,500
RENT COMPS ANALYSIS
  • 4617 Holycon Cir San Jose, CA 1
    • 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 478 Verano Ct San Jose, CA 2
    • 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 1989
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.94
    •  
  • 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
    •  
  • 812 Hermiston Dr San Jose, CA 4
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1967
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.07
    •  
PROPERTY LISTING DETAILS
Devonna Meyer
Exp Realty Of California Inc.
BESbswy