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5075 Moorpark Ave San Jose, CA 95129

4 Beds 2 Baths 1,806 sqft Built 1967

INVESTimate

$1,699,000

List Price

$4,500

$4,250 - $4,750

Rent Est.

$1,935,841  ( +13.94%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1967
  • Price/Sqft : $940.75
  • 8 Days on Market
  • MLS # : ML81804640
  • Updated Date : 08/24/2020 at 13:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,806 sqft
  • Baths : 2 full
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Welcome to this West San Jose move-in ready SFH in the prestigious Cupertino School District! Within walking distance to the public elementary school as well as excellent private schools. This refreshed home features a vibrant central living room and a separate family room adorned with a beautifully tiled fireplace. The updated kitchen boasts granite counter tops, stainless steel appliances, a separate dining area, and a large walk-in pantry. A spacious master suite, updated bathrooms with marble counter tops, three additional bedrooms/home-office, and an indoor laundry room. Updated lighting in all rooms with new recessed lights in the entertaining areas and modern ceiling lights in the bedrooms. Beautiful restored hardwood floors throughout the house with trendy baseboards and crown molding. Freshly painted interior and exterior in designer colors. Home is close to parks, shopping, and dining, and has easy access to Lawrence Expressway and HW 280. Don't miss it!

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: Mitty

NeighborhoodNIR Market*CityMarket2010Year20002019400k600k800k1000k1200k1400k1600k1800kPrice in $373k1930k

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

Neighborhood: Mitty

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21800200022002400260028003000320034003600380040004200Rent in $17854354

* 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
De Vargas Elementary School Primary Regular 514 23 7
Hyde Middle School Middle Regular 987 43 8
Cupertino High School High Regular 2,168 87 9

De Vargas Elementary School

  • Education Level: Primary
  • # of students: 514
  • # of teachers: 23
7
GreatSchools Rating

Hyde Middle School

  • Education Level: Middle
  • # of students: 987
  • # of teachers: 43
8
GreatSchools Rating

Cupertino High School

  • Education Level: High
  • # of students: 2,168
  • # of teachers: 87
9
GreatSchools Rating
 

$1,529,100$1,868,900$1,699,000

PURCHASE PRICE

$4,050$4,950$4,500

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$7.0M

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$7.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,500
EXPENSES Loan Payment -$6,269
Property Tax -$1,914
Property Insurance -$71
Property Management Fees -$176
CASH FLOW
-$3,928

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.

$1,699,000

PROJECTED PRICE

$4,500

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.94%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$455,985

INVESTMENT

$455,985

Down Payment
$424,750
Rehab Estimate
$5,750
Closing Costs
$25,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $424,750
Loan Amount $1,274,250
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$161

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
  • $4,772

    COMP ESTIMATED VALUE
  • $2.64

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,2003$4,5004$4,5005$5,000
$5,000
RENT COMPS ANALYSIS
  • 5075 Moorpark Ave San Jose, 1
    • 4 beds 2 baths ∙ 1,806 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,806 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1070 Happy Valley Ave San Jose, 2
    • 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1964
    LEASED 04/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.59
    •  
  • 2909 Toyon Dr Santa Clara, 3
    • 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 1963
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.72
    •  
  • 536 Barto St Santa Clara, 4
    • 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 1963
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.56
    •  
  • 1394 Heckman Way San Jose, 5
    • 4 beds 3 baths ∙ 1,854 Sqft ∙ Built 1958 4 beds 3 baths ∙ 1,854 Sqft ∙ Built 1958
    LEASED 10/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.70
    •  
PROPERTY LISTING DETAILS
Maggie Li
Intero Real Estate Services
BESbswy