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PROPERTY INFO
FACTS
- Single Family
- Built In 1965
- Price/Sqft : $864.94
- 5 Days on Market
- MLS # : ML81825661
- Updated Date : 01/14/2021 at 06:19
CONSTRUCTION
- Beds : 4
- Floor Size : 1,503 sqft
- Baths : 2 full
Listing Agent
Compass
Listing Agent's Description
Enter this wonderful,well maintained 4 bedroom, 2 bathroom home in the Cambrian area through a tastefully landscaped front yard.This house was completely rebuilt from foundation up in 1996. Spacious living room with vaulted ceiling opens to a relaxing, beautifully landscaped backyard w/ lemon trees.4th bedroom was converted to a separate dining room by prev. seller.Remodeled designer kitchen w/ SS JENNAIR appliances, 6 burner gas range, custom designer tile work/ cabinetry,Kohler fixtures, & granite counter tops.Milgard windows w/ plantation Shutters.Brazilian cherry wood flooring.Custom built-in closet organizer.Spacious primary room has access to the backyard. Skylights with blinds.Remodeled bathrooms with quality finishes, double sinks,and attention to details. Water softening system.Gas-log fireplace. Fully finished garage w/ overhead storage. Copper plumbing throughout. Central AC. As per county record the lot size /living space are approx.6186 sf /1503 sf.Close to many amenities.
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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: Hammer
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hammer
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,360 |
| EXPENSES | Loan Payment | -$4,515 |
| Property Tax | -$1,452 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$131 | |
|
CASH FLOW
-$2,801
|
||
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.
$1,299,998
PROJECTED PRICE
$3,360
PROJECTED RENT
0.26%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.84% |
| Appreciation Year (1-5) | 12.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.28% |
| 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
$350,249
LOAN DETAILS
$4,515
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $325,000 |
| Loan Amount | $974,999 |
-0.17
YEARS SAVED
-$90
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,360
LIST RENT -
$2.24
LIST RENT PER SQFT
-
$4,118
COMP ESTIMATED VALUE -
$2.74
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 07/26/20- Rent
- Rent Per SQFT
- $3,795
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LEASED 10/01/20- Rent
- Rent Per SQFT
- $4,150
- $3.02
PROPERTY LISTING DETAILS
Compass
