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5111 Harvest Est San Jose, CA 95135

4 Beds 3 Baths 1,876 sqft Built 1973

$1,308,000

List Price

$3,780

$3.5K - $4K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $697.23
  • 5 Days on Market
  • MLS # : ML81821498
  • Updated Date : 11/25/2020 at 19:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,876 sqft
  • Baths : 2 full , 1 half
Listing Agent

Tera Real Estate

Listing Agent's Description

Beautiful home situated in a great and quiet neighborhood of Evergreen. Freshly painted in the interior with some upgrades have been done throughout the years by previous owners, including laminate flooring through out the house, recessed lighting, newer kitchen countertop, easy to clean electric cooktop and new dishwasher. You will be amazed with the high ceiling in a spacious living room, connected to a separate formal dinning area. Enjoy the small vineyard and beautiful swimming pool for a hot summer day. Close to parks, easy access to freeway, and best of all....Evergreen award winning schools

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: The Estates

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1286k

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

Neighborhood: The Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17853943

* 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
Laurelwood Elementary School Primary Regular 369 15 5
Chaboya Middle School Middle Regular 1,124 44 9
Laurelwood Elementary School Middle Regular 369 15 5

Laurelwood Elementary School

  • Education Level: Primary
  • # of students: 369
  • # of teachers: 15
5
GreatSchools Rating

Chaboya Middle School

  • Education Level: Middle
  • # of students: 1,124
  • # of teachers: 44
9
GreatSchools Rating

Laurelwood Elementary School

  • Education Level: Middle
  • # of students: 369
  • # of teachers: 15
5
GreatSchools Rating
 

$1,177,200$1,438,800$1,308,000

PURCHASE PRICE

$3,402$4,158$3,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,780
EXPENSES Loan Payment -$4,826
Property Tax -$1,570
Property Insurance -$72
Property Management Fees -$147
CASH FLOW
-$2,835

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.

$1,308,000

PROJECTED PRICE

$3,780

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.2%
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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$352,370

INVESTMENT

$352,370

Down Payment
$327,000
Rehab Estimate
$5,750
Closing Costs
$19,620

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $327,000
Loan Amount $981,000
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$73

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,780

    LIST RENT
  • $2.01

    LIST RENT PER SQFT
  • $3,746

    COMP ESTIMATED VALUE
  • $2

    COMP AVG. RENT PER SQFT
Comps Range
$3,780
1$3,7802$3,8003$3,8654$3,950
$3,950
RENT COMPS ANALYSIS
  • 5111 Harvest Est San Jose, CA 1
    • 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,780
    • $2.01
    •  
  • 3115 Mosshall Way San Jose, CA 2
    • 3 beds 2 baths ∙ 1,940 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,940 Sqft ∙ Built 1976
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.96
    •  
  • 5125 Harvest Est San Jose, CA 3
    • 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1973
    property image
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,865
    • $2.06
    •  
  • 8302 Chianti Ct San Jose, CA 4
    • 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1979
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.97
    •  
PROPERTY LISTING DETAILS
Triet M. Nguyen
Tera Real Estate
BESbswy