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529 Lanfair Cir San Jose, CA 95136

2 Beds 2 Baths 1,067 sqft Built 1980

$899,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $842.55
  • 4 Days on Market
  • MLS # : ML81825878
  • Updated Date : 01/15/2021 at 23:23
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,067 sqft
  • Baths : 2 full
Listing Agent

Tm Properties & Services, Inc.

Listing Agent's Description

Beautifully updated home in the heart of silicon valley. High ceiling with open concept contemporary style. Designer Colors & Custom Accents. High rated, energy efficiency double pain windows and oversized patio. Bright open living room with a wood burning fireplace. Recessed lightings and warm color laminate wood floors. Newly remodeled guest bathroom with designer vanity and sink. Updated kitchen with cherry cabinets and granite slab counters. Spacious master bedroom with featured sink & walk-in shower. New copper pipings and a new fresh coat of paint through-out. Too much to list! A Must SEE!! Relax & barbecue in your low maintenance backyard with features concrete stamp pavement and pergola. Minutes from parks, schools, light rail and shopping centers. Easy access to freeways, downtown San Jose and San Jose Airport. Come see it today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Carson

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $307k1220k

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

Neighborhood: Carson

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17693804

* 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
Carson Elementary School Primary Regular 396 17 5
Muir Middle School Middle Regular 1,118 51 6
Gunderson High School High Magnet 1,149 52 5

Carson Elementary School

  • Education Level: Primary
  • # of students: 396
  • # of teachers: 17
5
GreatSchools Rating

Muir Middle School

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

Gunderson High School

  • Education Level: High
  • # of students: 1,149
  • # of teachers: 52
5
GreatSchools Rating
 

$809,100$988,900$899,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$3,123
Property Tax -$1,004
Property Insurance -$53
Property Management Fees -$129
CASH FLOW
-$1,538

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$899,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.84%
Appreciation Year (1-5) 12.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.28%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,123

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$41

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,771

    COMP ESTIMATED VALUE
  • $2.6

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3503$2,4954$3,000
$3,000
RENT COMPS ANALYSIS
  • 529 Lanfair Cir San Jose, CA 1
    • 2 beds 2 baths ∙ 1,067 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,067 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • Don Carlos Ct San Jose, CA 2
    • 2 beds 2 baths ∙ 950 Sqft ∙ Built 1970 2 beds 2 baths ∙ 950 Sqft ∙ Built 1970
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $2.47
    •  
  • 5880 El Zuparko Dr 2 San Jose, CA 3
    • 2 beds 2 baths ∙ 960 Sqft ∙ Built 1971 2 beds 2 baths ∙ 960 Sqft ∙ Built 1971
    property image
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $2.60
    •  
  • 612 King George Ave San Jose, CA 4
    • 2 beds 3 baths ∙ 1,104 Sqft ∙ Built 2000 2 beds 3 baths ∙ 1,104 Sqft ∙ Built 2000
    property image
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.72
    •  
PROPERTY LISTING DETAILS
Thai Mai
Tm Properties & Services, Inc.
BESbswy