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466 Tigerwood Way San Jose, CA 95111

4 Beds 2 Baths 1,491 sqft Built 1978

$924,000

List Price

$3,430

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $619.72
  • 3 Days on Market
  • MLS # : ML81820281
  • Updated Date : 11/13/2020 at 20:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,491 sqft
  • Baths : 2 full
Listing Agent

Sunset View Properties

Listing Agent's Description

Absolutely Beautiful 4 bedroom 2 bath home in a great family neighborhood. This home was remodeled with new kitchen cabinets, new granite counters, remodeled bathrooms and flooring, among many others. Fantastic floor plan has a separate Family room and Living Room. nice cozy dining area, just outside the large open kitchen, makes this home perfect for family living. Three large bedrooms all with new carpet and paint. Six panel doors, throughout and Forced air heating and Central area. Located on a large well landscaped lot with a two car garage and so much more. Just move right in.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Century - Pebbletree

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $363k1665k

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

Neighborhood: Century - Pebbletree

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $19074493

* 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
Santa Teresa Elementary School Primary Regular 646 24 7
Bernal Intermediate School Middle Regular 807 36 7
Oak Grove High School High Magnet 1,903 78 6

Santa Teresa Elementary School

  • Education Level: Primary
  • # of students: 646
  • # of teachers: 24
7
GreatSchools Rating

Bernal Intermediate School

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

Oak Grove High School

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

$831,600$1,016,400$924,000

PURCHASE PRICE

$3,087$3,773$3,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,430
EXPENSES Loan Payment -$3,409
Property Tax -$1,119
Property Insurance -$63
Property Management Fees -$134
CASH FLOW
-$1,295

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.

$924,000

PROJECTED PRICE

$3,430

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
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

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$250,610

INVESTMENT

$250,610

Down Payment
$231,000
Rehab Estimate
$5,750
Closing Costs
$13,860

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,409

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $231,000
Loan Amount $693,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$1,057

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,430

    LIST RENT
  • $2.3

    LIST RENT PER SQFT
  • $3,139

    COMP ESTIMATED VALUE
  • $2.11

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$3,4303$3,495
$3,495
RENT COMPS ANALYSIS
  • 466 Tigerwood Way San Jose, CA 2
    • 4 beds 2 baths ∙ 1,491 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,491 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,430
    • $2.30
    •  
  • 478 Verano Ct San Jose, CA 1
    • 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 1989
    property image
    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
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $2.27
    •  
PROPERTY LISTING DETAILS
Donald Hutchison
Sunset View Properties
BESbswy