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5097 Jarvis Ave San Jose, CA 95118

3 Beds 2 Baths 1,536 sqft Built 1963

$1,185,000

List Price

$3,680

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1963
  • Price/Sqft : $771.48
  • 11 Days on Market
  • MLS # : ML81817311
  • Updated Date : 11/02/2020 at 13:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,536 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty-silicon Valley

Listing Agent's Description

Beautiful Cambrian gem on a corner lot with great curb appeal. Brand new stamped concrete driveway, newly landscaped front yard and side yard access large enough for boat or RV. Low maintenance backyard and side yard with room for garden beds, a dog kennel, or BBQ area. Interior boasts hardwood floors throughout, recessed lighting, granite faced fireplace in living room and ceiling fans in bedrooms. Additional living room on original floor plan with large bar and access to backyard. Dual pane windows throughout the home. Enjoy this quiet neighborhood with easy access to freeways, shopping, and dining. This home has been lovingly cherished for 35 years, well maintained and boosting numerous upgrades throughout the years.

SEE MORE

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: Branham-Jarvis

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $373k1319k

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

Neighborhood: Branham-Jarvis

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17853923

* 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
Almaden Elementary School Primary Regular 389 13 4
Muir Middle School Middle Regular 1,118 51 6
Pioneer High School High Regular 1,570 67 9

Almaden Elementary School

  • Education Level: Primary
  • # of students: 389
  • # of teachers: 13
4
GreatSchools Rating

Muir Middle School

  • Education Level: Middle
  • # of students: 1,118
  • # of teachers: 51
6
GreatSchools Rating

Pioneer High School

  • Education Level: High
  • # of students: 1,570
  • # of teachers: 67
9
GreatSchools Rating
 

$1,066,500$1,303,500$1,185,000

PURCHASE PRICE

$3,312$4,048$3,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,680
EXPENSES Loan Payment -$4,372
Property Tax -$1,323
Property Insurance -$64
Property Management Fees -$144
CASH FLOW
-$2,223

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.

$1,185,000

PROJECTED PRICE

$3,680

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
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$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

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$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$319,775

INVESTMENT

$319,775

Down Payment
$296,250
Rehab Estimate
$5,750
Closing Costs
$17,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$4,372

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $296,250
Loan Amount $888,750
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$24

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,680

    LIST RENT
  • $2.4

    LIST RENT PER SQFT
  • $4,143

    COMP ESTIMATED VALUE
  • $2.7

    COMP AVG. RENT PER SQFT
Comps Range
$3,495
1$3,4952$3,4953$3,6804$3,7955$4,000
$4,000
RENT COMPS ANALYSIS
  • 5097 Jarvis Ave San Jose, CA 3
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $3,680
    • $2.40
    •  
  • 4954 Alan Ave San Jose, CA 1
    • 4 beds 2 baths ∙ 1,374 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,374 Sqft ∙ Built 1956
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $2.54
    •  
  • 5085 Wayland Ave San Jose, CA 2
    • 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1965
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $2.94
    •  
  • 1452 Ridgewood Dr San Jose, CA 4
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1959
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $2.51
    •  
  • 1514 San Joaquin Ave San Jose, CA 5
    • 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1954 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1954
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.80
    •  
PROPERTY LISTING DETAILS
Alexandra Ferrante
Keller Williams Realty-silicon Valley
BESbswy