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524 Weybridge Dr San Jose, CA 95123

4 Beds 3 Baths 1,932 sqft Built 1976

$1,188,888

List Price

$3,760

$3.5K - $4K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $615.37
  • 6 Days on Market
  • MLS # : ML81823895
  • Updated Date : 12/23/2020 at 12:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,932 sqft
  • Baths : 3 full
Listing Agent

Paramount Realty Group

Listing Agent's Description

Presenting this beautiful residence bordering the Glider and La Colina Communities of San Jose.  This property is located on a quiet street and features a freshly painted interior and exterior, refinished hardwood flooring, an updated kitchen and bathroom, central heating and air conditioning.   The balcony and large backyard is perfect for entertaining or for meditating. With no back neighbors, your view would be of the South San Jose mountainside.  Enjoy a spacious floor plan that is also conveniently located in to major freeways and shopping!!! For more information, please visit www.524weybridge.com.

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: La Colina

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1220k

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

Neighborhood: La Colina

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17643804

* 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
Herman Intermediate School And Adventure Primary Regular 822 38 8
Herman Intermediate School And Adventure Middle Regular 822 38 8
Santa Teresa High School High Magnet 2,306 89 9

Herman Intermediate School And Adventure

  • Education Level: Primary
  • # of students: 822
  • # of teachers: 38
8
GreatSchools Rating

Herman Intermediate School And Adventure

  • Education Level: Middle
  • # of students: 822
  • # of teachers: 38
8
GreatSchools Rating

Santa Teresa High School

  • Education Level: High
  • # of students: 2,306
  • # of teachers: 89
9
GreatSchools Rating
 

$1,069,999$1,307,777$1,188,888

PURCHASE PRICE

$3,384$4,136$3,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,760
EXPENSES Loan Payment -$4,386
Property Tax -$1,435
Property Insurance -$74
Property Management Fees -$147
CASH FLOW
-$2,282

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.

$1,188,888

PROJECTED PRICE

$3,760

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.6%
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

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$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$320,805

INVESTMENT

$320,805

Down Payment
$297,222
Rehab Estimate
$5,750
Closing Costs
$17,833

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,386

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $297,222
Loan Amount $891,666
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

$1

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,760

    LIST RENT
  • $1.95

    LIST RENT PER SQFT
  • $3,965

    COMP ESTIMATED VALUE
  • $2.05

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$3,7603$3,8804$4,0005$4,495
$4,495
RENT COMPS ANALYSIS
  • 524 Weybridge Dr San Jose, CA 2
    • 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1976 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $3,760
    • $1.95
    •  
  • 5682 Taconic Ct San Jose, CA 1
    • 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 1973
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.89
    •  
  • 6373 Pearlroth Dr San Jose, CA 3
    • 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 1976
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,880
    • $2.12
    •  
  • 5894 Paddon Cir San Jose, CA 4
    • 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 1972
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.17
    •  
  • 363 El Portal Way San Jose, CA 5
    • 5 beds 3 baths ∙ 2,215 Sqft ∙ Built 1972 5 beds 3 baths ∙ 2,215 Sqft ∙ Built 1972
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,495
    • $2.03
    •  
PROPERTY LISTING DETAILS
Enrique Medellin
Paramount Realty Group
BESbswy