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PROPERTY INFO
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!
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Carson
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$243,985
LOAN DETAILS
$3,123
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $224,750 |
| Loan Amount | $674,250 |
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
-
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
Tm Properties & Services, Inc.
