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4908 Bela Dr San Jose, CA 95129

3 Beds 3 Baths 1,506 sqft Built 1959

INVESTimate

$1,598,000

List Price

$3,950

$3,700 - $4,200

Rent Est.

$1,827,633  ( +14.37%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1959
  • Price/Sqft : $1,061.09
  • 2 Days on Market
  • MLS # : ML81807677
  • Updated Date : 08/25/2020 at 17:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,506 sqft
  • Baths : 3 full
Listing Agent

Dpl Real Estate

Listing Agent's Description

Move in and enjoy this gorgeous 3 bedroom single-story home with top schools. Tastefully updated throughout. Stunning open chef's kitchen with quartz countertops, large island with breakfast bar, stainless steel appliances, Bertazzoni gas range and custom cabinets. Bright, modern and open living and dining spaces. Gleaming hardwood floors. Double-pane windows and central A/C. Beautiful bathrooms. Spacious bedrooms. Master suite with walk-in closet and remodeled bathroom. Crown molding, recessed lighting and panel doors. Quiet backyard with paver patio and lawn. Inside washer and dryer. Attached two car garage. Tucked away on one of the nicest streets within a tree-lined, walkable 95129 neighborhood with street lights and sidewalks. Short walk to Country Lane Elementary School, Saratoga Creek Dog Park, restaurants and shopping. Spectacular commute location. Award-winning schools. Wow.

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: Country Lane

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600k1700k1800kPrice in $380k1816k

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

Neighborhood: Country Lane

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $18644493

* 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
Country Lane Elementary School Primary Regular 684 29 7
Moreland Middle School Middle Regular 1,027 40 7
Prospect High School High Regular 1,343 60 8

Country Lane Elementary School

  • Education Level: Primary
  • # of students: 684
  • # of teachers: 29
7
GreatSchools Rating

Moreland Middle School

  • Education Level: Middle
  • # of students: 1,027
  • # of teachers: 40
7
GreatSchools Rating

Prospect High School

  • Education Level: High
  • # of students: 1,343
  • # of teachers: 60
8
GreatSchools Rating
 

$1,438,200$1,757,800$1,598,000

PURCHASE PRICE

$3,555$4,345$3,950

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$6.0M

PROJECTED ANNUAL CASH FLOW

11530-$60k-$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$6.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,950
EXPENSES Loan Payment -$5,896
Property Tax -$1,853
Property Insurance -$64
Property Management Fees -$154
CASH FLOW
-$4,017

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.

$1,598,000

PROJECTED PRICE

$3,950

PROJECTED RENT

0.25%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.37%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$429,220

INVESTMENT

$429,220

Down Payment
$399,500
Rehab Estimate
$5,750
Closing Costs
$23,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,896

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $399,500
Loan Amount $1,198,500
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$260

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
  • $4,062

    COMP ESTIMATED VALUE
  • $2.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,6503$3,7504$3,7505$4,395
$4,395
RENT COMPS ANALYSIS
  • 4908 Bela Dr San Jose, 1
    • 3 beds 3 baths ∙ 1,506 Sqft ∙ Built 1959 3 beds 3 baths ∙ 1,506 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • Ribbon Dr San Jose, 2
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1958
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $2.61
    •  
  • 5095 Country Ln San Jose, 3
    • 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1959
    property image
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $2.75
    •  
  • 4297 Mckinnon Dr San Jose, 4
    • 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1960
    property image
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $2.67
    •  
  • 4876 Springdale Dr San Jose, 5
    • 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1962
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,395
    • $2.76
    •  
PROPERTY LISTING DETAILS
David Lillo
Dpl Real Estate
BESbswy