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5306 Birch Grove Dr San Jose, CA 95123

4 Beds 2 Baths 1,362 sqft Built 1977

$949,000

List Price

$3,330

$3.1K - $3.6K

Rent Est.

$257,235

Investment Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $696.77
  • 3 Days on Market
  • MLS # : ML81823627
  • Updated Date : 12/19/2020 at 17:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,362 sqft
  • Baths : 2 full
Listing Agent

Anthony F. Gargiulo, Broker

Listing Agent's Description

This beautiful Blossom Valley home has a unique and inviting floor plan with vaulted ceilings in the kitchen and living area with 4 bedrooms. Kitchen remodeled in 2016 with Granite counter tops, pull out shelves, self closing doors and drawers.Gas Range, Dishwasher, Microwave and Refrigerator. Beautiful Laminate Floors throughout. Other features include 2-car garage, upgraded hall bath, A/C, separate laundry room, wood burning fireplace and dual pane windows. Excellent location with 101 and 85 freeway access. Swimming pool in backyard. Close to parks, shopping and restaurants. Exterior recently painted.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Banana Grove

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $325k1220k

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

Neighborhood: Banana Grove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17003804

* 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
Oak Grove High School High Magnet 1,903 78 6

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

Oak Grove High School

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

FINANCIALS

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$854,100$1,043,900$949,000

PURCHASE PRICE

$2,997$3,663$3,330

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,330
EXPENSES Loan Payment -$3,501
Property Tax -$1,146
Property Insurance -$60
Property Management Fees -$130
CASH FLOW
-$1,507

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.

$949,000

PROJECTED PRICE

$3,330

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow

  • Appreciation

  • Principal
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$5.0k

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$257,235

INVESTMENT

$257,235

Down Payment		 $237,250
Rehab Estimate		 $5,750
Closing Costs		 $14,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,501

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,250
Loan Amount $711,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$183

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

  • $3,306

    COMP ESTIMATED VALUE

  • $2.43

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3503$3,4954$3,6005$3,690
$3,690
RENT COMPS ANALYSIS
  • 5306 Birch Grove Dr San Jose, CA 1
    • 4 beds 2 baths ∙ 1,362 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,362 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5328 Cedar Grove Cir San Jose, CA 2
    • 4 beds 2 baths ∙ 1,362 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,362 Sqft ∙ Built 1977
    property image
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.46
    •  
  • 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
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $2.27
    •  
  • 6103 Vale Ct San Jose, CA 4
    • 4 beds 2 baths ∙ 1,410 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,410 Sqft ∙ Built 1968
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.55
    •  
  • 185 Tulip Blossom Ct San Jose, CA 5
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1976
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,690
    • $2.43
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Anthony Gargiulo
Anthony F. Gargiulo, Broker

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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