Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5229 Ligurian Ct San Jose, CA 95138

4 Beds 3 Baths 2,682 sqft Built 1996

$1,799,000

List Price

$4,490

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $670.77
  • 5 Days on Market
  • MLS # : ML81818874
  • Updated Date : 11/05/2020 at 11:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,682 sqft
  • Baths : 3 full
Listing Agent

Kw Bay Area Estates

Listing Agent's Description

Your forever home is awaiting for you!North-East Facing,it's located inside the prestigious Silver Creek Valley Country Club &Golf community & IT HAS IT ALL: AMAZING VIEWS*Open Floor Plan*Cathedral Ceilings*Very bright & airy*Gleaming Floors*Formal Living & Dining Room*Down stairs Guest Bedroom*Oversized picturesque windows*Large Master Suite with panoramic views*Master Bath with oversized double sinks,tub,large glass enclosure shower*Recessed dimmable LED lighting*Kitchen with granite countertops/backsplash*Filled with VIEWS/light Family rm, Kitchen/Casual dining*Inviting fireplace*SS appliances: Miele coffee system/microwave/oven,Thermador 5 Burner stove/hood*Freshly painted interior*Smart Thermostat,light switches*Inside Laundry*Wired for AT&T security*2 car charging system/3 car garage*Back has artificial grass*Newer fences*Covered Patio*End of a cul-de-sac*Walking distance to Elementary & Tennis/Swim/Racquet Pavilion/Shopping/Restaurants*Great schools! Absolutely move in ready!

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: Silver Creek

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600k1700k1800kPrice in $380k1820k

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

Neighborhood: Silver Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q220002500300035004000450050005500Rent in $19075862

* 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
Silver Oak Elementary School Primary Regular 687 26 9
Chaboya Middle School Middle Regular 1,124 44 9
Silver Creek High School High Magnet 2,465 93 9

Silver Oak Elementary School

  • Education Level: Primary
  • # of students: 687
  • # of teachers: 26
9
GreatSchools Rating

Chaboya Middle School

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

Silver Creek High School

  • Education Level: High
  • # of students: 2,465
  • # of teachers: 93
9
GreatSchools Rating
 

$1,619,100$1,978,900$1,799,000

PURCHASE PRICE

$4,041$4,939$4,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,490
EXPENSES Loan Payment -$6,638
Property Tax -$2,159
Property Insurance -$92
HOA -$130
Property Management Fees -$175
CASH FLOW
-$4,703

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.

$1,799,000

PROJECTED PRICE

$4,490

PROJECTED RENT

0.25%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
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-$70k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$482,485

INVESTMENT

$482,485

Down Payment
$449,750
Rehab Estimate
$5,750
Closing Costs
$26,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,638

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $449,750
Loan Amount $1,349,250
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$364

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,490

    LIST RENT
  • $1.67

    LIST RENT PER SQFT
  • $4,577

    COMP ESTIMATED VALUE
  • $1.71

    COMP AVG. RENT PER SQFT
Comps Range
$3,900
1$3,9002$4,3003$4,4904$4,700
$4,700
RENT COMPS ANALYSIS
  • 5229 Ligurian Ct San Jose, CA 3
    • 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $4,490
    • $1.67
    •  
  • 5336 Silver Point Way San Jose, CA 1
    • 3 beds 2 baths ∙ 2,332 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,332 Sqft ∙ Built 1995
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.67
    •  
  • 3275 Nipoma Ct San Jose, CA 2
    • 3 beds 3 baths ∙ 2,425 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,425 Sqft ∙ Built 1998
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.77
    •  
  • 3124 Cortona Dr San Jose, CA 4
    • 5 beds 3 baths ∙ 2,798 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,798 Sqft ∙ Built 1998
    LEASED 05/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.68
    •  
PROPERTY LISTING DETAILS
Elena Johal
Kw Bay Area Estates
BESbswy