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4827 Yamato Dr San Jose, CA 95111

4 Beds 2 Baths 1,986 sqft Built 1980

$999,000

List Price

$3,550

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $503.02
  • 7 Days on Market
  • MLS # : ML81817390
  • Updated Date : 11/01/2020 at 19:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,986 sqft
  • Baths : 2 full
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Welcome to 4827 Yamato Drive, a Stunning Modern Spacious 4 Bedroom, 2 Bathroom Home in the Heart of South San Jose. Kitchen Boasts: Kenmore Dishwasher, Toshiba Microwave, Frigidaire Fridge, Kenmore Oven with Warming Tray. Large Family Room with Fireplace, dining area and access to Backyard where you will find your outdoor Patio and BBQ area. Living room has Cathedral Ceilings and a Second Stunning Fireplace. At Entry Level there are Four Bedrooms (Main Bedroom has Vaulted Ceilings) or 3 plus an office, Internal Laundry with Side By Side LG Washer & Dryer. Both Bathrooms have been remodeled. This Wonderful Large Home has A/C, Ecowater Softener System, Navien Tankless Water Heater and is the Ideal Large home for the work from Home Requirements.

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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: Riverview

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $307k1220k

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

Neighborhood: Riverview

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
 

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

PURCHASE PRICE

$3,195$3,905$3,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,550
EXPENSES Loan Payment -$3,686
Property Tax -$1,206
Property Insurance -$75
Property Management Fees -$138
CASH FLOW
-$1,555

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.

$999,000

PROJECTED PRICE

$3,550

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.84%
Appreciation Year (1-5) 13.1%
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$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

0.25

YEARS SAVED

$344

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
  • $3,780

    COMP ESTIMATED VALUE
  • $1.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2503$3,9804$3,995
$3,995
RENT COMPS ANALYSIS
  • 4827 Yamato Dr San Jose, CA 1
    • 4 beds 2 baths ∙ 1,986 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,986 Sqft ∙ Built 1980
    • 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
    •  
  • 159 Venado Way San Jose, CA 3
    • 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1966
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,980
    • $1.82
    •  
  • 5233 Rio Lobo Dr San Jose, CA 4
    • 4 beds 3 baths ∙ 2,053 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,053 Sqft ∙ Built 1982
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.95
    •  
PROPERTY LISTING DETAILS
Justin Carrow
Intero Real Estate Services
BESbswy