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5296 Running Bear Dr San Jose, CA 95136

4 Beds 2 Baths 1,598 sqft Built 1977

$1,098,000

List Price

$3,490

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $687.11
  • 3 Days on Market
  • MLS # : BE40932551
  • Updated Date : 01/01/2021 at 11:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,598 sqft
  • Baths : 2 full
Listing Agent

Equity One Real Estate

Listing Agent's Description

Showcasing an impeccable level of quality and designed to impress the most discerning of tastes, this spacious family residence embraces both modern comfort and luxury entertaining. This rare find features four spacious and light-filled bedrooms, open plan living spaces with high ceilings and wood-burning fireplace, and a bonus 240 sqft sunroom that is ideal for hosting family gatherings. Let your inner chef loose in the meticulously updated kitchen which boasts quartz countertops, new cabinetry, stainless steel appliances including gas burner, and a plethora of storage and space. The bathrooms have also been updated, while the whole house flaunts fresh two-tone paint and new hardwood flooring. The true hero of this home is the enviable entertainer's backyard. Complete with a spacious brand new deck, wood-burning pizza oven, swimming pool, and hot tub for relaxing evenings. Boasting additional yard space currently utilized as a garden and chicken coop could also be for a RV and boat.

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: Deer Run

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $362k1220k

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

Neighborhood: Deer Run

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17513804

* 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
Hayes Elementary School Primary Regular 517 23 6
Hayes Elementary School Middle Regular 517 23 6
Oak Grove High School High Magnet 1,903 78 6

Hayes Elementary School

  • Education Level: Primary
  • # of students: 517
  • # of teachers: 23
6
GreatSchools Rating

Hayes Elementary School

  • Education Level: Middle
  • # of students: 517
  • # of teachers: 23
6
GreatSchools Rating

Oak Grove High School

  • Education Level: High
  • # of students: 1,903
  • # of teachers: 78
6
GreatSchools Rating
 

$988,200$1,207,800$1,098,000

PURCHASE PRICE

$3,141$3,839$3,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,490
EXPENSES Loan Payment -$4,051
Property Tax -$1,325
Property Insurance -$66
Property Management Fees -$136
CASH FLOW
-$2,088

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.

$1,098,000

PROJECTED PRICE

$3,490

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.2%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$35k-$30k-$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$296,720

INVESTMENT

$296,720

Down Payment
$274,500
Rehab Estimate
$5,750
Closing Costs
$16,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,051

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $274,500
Loan Amount $823,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

$3

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
  • $3,715

    COMP ESTIMATED VALUE
  • $2.33

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,4954$3,6905$4,000
$4,000
RENT COMPS ANALYSIS
  • 5296 Running Bear Dr San Jose, CA 1
    • 4 beds 2 baths ∙ 1,598 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,598 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6184 Lavendula Way San Jose, CA 2
    • 3 beds 3 baths ∙ 1,318 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,318 Sqft ∙ Built 1996
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.43
    •  
  • 240 Branham Ln San Jose, CA 3
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1976
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $2.27
    •  
  • 185 Tulip Blossom Ct San Jose, CA 4
    • 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
    •  
  • 5894 Paddon Cir San Jose, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Tamika Ellsworth
Equity One Real Estate
BESbswy