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PROPERTY INFO
FACTS
- Single Family
- Built In 1971
- Price/Sqft : $706.82
- 3 Days on Market
- MLS # : ML81820770
- Updated Date : 11/27/2020 at 14:24
CONSTRUCTION
- Beds : 3
- Floor Size : 1,627 sqft
- Baths : 2 full
Listing Agent
Golden Gate Sotheby's International Realty
Listing Agent's Description
Remodeled from top to bottom! Graciously warmed with Brazilian walnut hardwood flooring that first welcomes you to the spacious living room & dining room area offering plenty of natural light. Open KIT w/ granite counters, recessed lighting, & cabinet pantry; FR w/ brick fireplace; Primary BDRM w/ slider to the covered patio, walk-in closet w/ built-in organizers, and on-suite BATH w/ custom tile, frameless glass enclosure, radiant heat, cabinetry w/ granite vanity top. More noteworthy features include the indoor laundry room, HVAC, dual-pane windows, custom plantation shutters, alarm system, copper plumbing, and huge garage w/ auto garage door opener. Inviting yard features decorative paver walkways/patios, seating wall, lush lawn, a rose garden, fruit trees, auto sprinklers, dog run, paved side yard, and storage shed. Excellent local close to Earl Frost Elementary, easy access to freeways, amazing tech companies, restaurants, entertainment, and shopping. It's a Blossom Valley Beauty!
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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: Blossom Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Blossom Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,560 |
| EXPENSES | Loan Payment | -$4,243 |
| Property Tax | -$1,388 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$139 | |
|
CASH FLOW
-$2,276
|
||
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.
$1,150,000
PROJECTED PRICE
$3,560
PROJECTED RENT
0.31%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 12.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.19% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$310,500
LOAN DETAILS
$4,243
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $287,500 |
| Loan Amount | $862,500 |
-0.08
YEARS SAVED
-$14
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,560
LIST RENT -
$2.19
LIST RENT PER SQFT
-
$3,913
COMP ESTIMATED VALUE -
$2.41
COMP AVG. RENT PER SQFT
Comps Range
-
525 Canton Dr San Jose, CA 1
- 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1971
- Rent
- Rent Per SQFT
- $3,560
- $2.19
-
185 Tulip Blossom Ct San Jose, CA 2
- 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1976
LEASED 10/27/20- Rent
- Rent Per SQFT
- $3,690
- $2.43
-
6162 Blossom Ave San Jose, CA 3
- 4 beds 2 baths ∙ 1,495 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,495 Sqft ∙ Built 1968
LEASED 09/22/20- Rent
- Rent Per SQFT
- $3,900
- $2.61
-
5324 Entrada Oleandros San Jose, CA 4
- 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 1971
LEASED 11/11/20- Rent
- Rent Per SQFT
- $3,900
- $2.25
-
6121 Maree Ct San Jose, CA 5
- 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1970
LEASED 11/23/20- Rent
- Rent Per SQFT
- $3,950
- $2.33
PROPERTY LISTING DETAILS
Golden Gate Sotheby's International Realty
