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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $1,111.11
- 79 Days on Market
- MLS # : ML81816255
- Updated Date : 01/02/2021 at 20:24
CONSTRUCTION
- Beds : 3
- Floor Size : 1,240 sqft
- Baths : 2 full
Listing Agent
Intero Real Estate Services
Listing Agent's Description
Offer due: 1/6/2020 ( Wednesday) 2 pm. CHARMING HOME IN A HIGHLY DESIRED CAMBRIAN LOCATION !! Move-in-ready home in a quiet neighborhood with excellent schools - Carlton Elementary, Union Middle, and Leigh High (buyer to confirm). East facing home brings in a lot of sunlight, featuring a beautiful and practical floor plan with laminate flooring, crown molding, double pane windows with plantation shutters, central air conditioning & heating throughout along with fans & fixtures in all the rooms. Copper piping throughout, composition shingle roof, and big size kitchen with sky tunnels and newer oven. Beautiful and Serene, low maintenance, covered and stamped cemented backyard for a lot of space to relax, family gatherings and BBQ, kids to play, and a shed for extra storage! Close to shopping, fwys, and schools. Try walking virtual tour: https://my.matterport.com/show/?m=t4uX4kTmZPi
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: Little Branham-Rosswood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Little Branham-Rosswood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,400 |
| EXPENSES | Loan Payment | -$5,083 |
| Property Tax | -$1,616 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$133 | |
|
CASH FLOW
-$3,489
|
||
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.
$1,377,777
PROJECTED PRICE
$3,400
PROJECTED RENT
0.25%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 14.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.40% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$370,861
LOAN DETAILS
$5,083
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $344,444 |
| Loan Amount | $1,033,333 |
-0.25
YEARS SAVED
-$231
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,400
LIST RENT -
$2.74
LIST RENT PER SQFT
-
$3,413
COMP ESTIMATED VALUE -
$2.75
COMP AVG. RENT PER SQFT
Comps Range
-
4823 Banberry Way San Jose, CA 1
- 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1960
- Rent
- Rent Per SQFT
- $3,400
- $2.74
-
4954 Alan Ave San Jose, CA 2
- 4 beds 2 baths ∙ 1,374 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,374 Sqft ∙ Built 1956
LEASED 02/26/20- Rent
- Rent Per SQFT
- $3,495
- $2.54
-
5036 Noella Way San Jose, CA 3
- 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1958
LEASED 04/29/20- Rent
- Rent Per SQFT
- $3,500
- $2.92
-
14815 Los Gatos-almaden Rd San Jose, CA 4
- 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1947
LEASED 10/29/19- Rent
- Rent Per SQFT
- $3,850
- $2.67
-
4547 Tomrick Ave San Jose, CA 5
- 4 beds 2 baths ∙ 1,457 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,457 Sqft ∙ Built 1965
LEASED 06/18/20- Rent
- Rent Per SQFT
- $4,200
- $2.88
PROPERTY LISTING DETAILS
Intero Real Estate Services
