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4881 Popejoy Ct San Jose, CA 95118

4 Beds 3 Baths 2,005 sqft Built 1978

INVESTimate

$1,398,000

List Price

$4,140

$3,890 - $4,390

Rent Est.

$1,588,687  ( +13.64%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1978
  • Price/Sqft : $697.26
  • 6 Days on Market
  • MLS # : ML81807157
  • Updated Date : 08/23/2020 at 10:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,005 sqft
  • Baths : 2 full , 1 half
Listing Agent

Kw Silicon City

Listing Agent's Description

Beautiful Single Family Home in Cambrian Area, Newly remodel; Beautiful kitchen cabinetry with porcelain floor, Mosaic backsplash, quartz counter top & stainless steel appliances. Beautiful upgrade bathrooms with Italy & Spain porcelain floors and walls. Copper pipe plumbing. New doors, New texture & interior/exterior paint, crown molding throughout, pergo floor, new garage door, light & bright, high ceiling at living room, low maintaining landscaping, retaining wall & much more!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Branham-Kirk

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $373k1366k

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

Neighborhood: Branham-Kirk

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2180020002200240026002800300032003400360038004000Rent in $17854040

* 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
Lietz Elementary School Primary Regular 545 23 7
Dartmouth Middle School Middle Regular 859 37 8
Branham High School High Regular 1,468 62 9

Lietz Elementary School

  • Education Level: Primary
  • # of students: 545
  • # of teachers: 23
7
GreatSchools Rating

Dartmouth Middle School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 37
8
GreatSchools Rating

Branham High School

  • Education Level: High
  • # of students: 1,468
  • # of teachers: 62
9
GreatSchools Rating
 

$1,258,200$1,537,800$1,398,000

PURCHASE PRICE

$3,726$4,554$4,140

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,140
EXPENSES Loan Payment -$5,158
Property Tax -$1,640
Property Insurance -$76
Property Management Fees -$161
CASH FLOW
-$2,895

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.

$1,398,000

PROJECTED PRICE

$4,140

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.64%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$376,220

INVESTMENT

$376,220

Down Payment
$349,500
Rehab Estimate
$5,750
Closing Costs
$20,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$5,158

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $349,500
Loan Amount $1,048,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$52

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
  • $4,371

    COMP ESTIMATED VALUE
  • $2.18

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,1503$4,2004$4,300
$4,300
RENT COMPS ANALYSIS
  • 4881 Popejoy Ct San Jose, 1
    • 4 beds 3 baths ∙ 2,005 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,005 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1538 Corte De Pearson San Jose, 2
    • 4 beds 3 baths ∙ 1,910 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,910 Sqft ∙ Built 1994
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $2.17
    •  
  • 1777 Barcelona Ave San Jose, 3
    • 4 beds 3 baths ∙ 2,019 Sqft ∙ Built 1959 4 beds 3 baths ∙ 2,019 Sqft ∙ Built 1959
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.08
    •  
  • 5771 Chambertin Dr San Jose, 4
    • 3 beds 3 baths ∙ 1,874 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,874 Sqft ∙ Built 1995
    LEASED 03/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $2.29
    •  
PROPERTY LISTING DETAILS
Kim-an Truong
Kw Silicon City
BESbswy