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5364 Larchwood Dr San Jose, CA 95118

4 Beds 3 Baths 1,435 sqft Built 1966

$1,199,800

List Price

$3,600

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $836.10
  • 4 Days on Market
  • MLS # : ML81819995
  • Updated Date : 11/13/2020 at 13:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,435 sqft
  • Baths : 2 full , 1 half
Listing Agent

Kw Bay Area Estates

Listing Agent's Description

NEWLY REMODELED INSIDE AND OUT! Located in the family friendly neighborhood of Cambrian Park, this 4 bedroom, 2.5 bathroom house was remodeled with designer finishes. It's a gorgeous home from the moment you enter, boasting an open OPEN FLOOR PLAN with exquisite hand-picked finishes, gleaming hardwood flooring and ample recessed lighting perfect for entertaining. Remarkably remodeled gourmet kitchen features two toned shaker cabinetry, quartz counter-tops, tile back-splash, all new Bosch appliances. All 3 bathrooms have been remodeled from top to bottom with style. The house sits on a corner lot with freshly landscaped front and backyard shrubs, mature trees, and flowers providing a wonderful private outdoor entertaining space. Ideally located close to Whole Foods, Costco, and an assortment of restaurants. Easy access to Hwy 85, 87, 17. This home is an A+ great value!

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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: Dentwood-Soutbridge

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $373k1311k

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

Neighborhood: Dentwood-Soutbridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17853804

* 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
Almaden Elementary School Primary Regular 389 13 4
Castillero Middle School Middle Regular 1,222 54 6
Pioneer High School High Regular 1,570 67 9

Almaden Elementary School

  • Education Level: Primary
  • # of students: 389
  • # of teachers: 13
4
GreatSchools Rating

Castillero Middle School

  • Education Level: Middle
  • # of students: 1,222
  • # of teachers: 54
6
GreatSchools Rating

Pioneer High School

  • Education Level: High
  • # of students: 1,570
  • # of teachers: 67
9
GreatSchools Rating
 

$1,079,820$1,319,780$1,199,800

PURCHASE PRICE

$3,240$3,960$3,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,600
EXPENSES Loan Payment -$4,427
Property Tax -$1,340
Property Insurance -$62
Property Management Fees -$140
CASH FLOW
-$2,369

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.

$1,199,800

PROJECTED PRICE

$3,600

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.6%
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$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$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$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,697

INVESTMENT

$323,697

Down Payment
$299,950
Rehab Estimate
$5,750
Closing Costs
$17,997

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,427

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $299,950
Loan Amount $899,850
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$9

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,600

    LIST RENT
  • $2.51

    LIST RENT PER SQFT
  • $3,950

    COMP ESTIMATED VALUE
  • $2.75

    COMP AVG. RENT PER SQFT
Comps Range
$3,495
1$3,4952$3,4953$3,6004$3,7955$4,150
$4,150
RENT COMPS ANALYSIS
  • 5364 Larchwood Dr San Jose, CA 3
    • 4 beds 3 baths ∙ 1,435 Sqft ∙ Built 1966 4 beds 3 baths ∙ 1,435 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.51
    •  
  • 4954 Alan Ave San Jose, CA 1
    • 4 beds 2 baths ∙ 1,374 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,374 Sqft ∙ Built 1956
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $2.54
    •  
  • 5085 Wayland Ave San Jose, CA 2
    • 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1965
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $2.94
    •  
  • 1452 Ridgewood Dr San Jose, CA 4
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1959
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $2.51
    •  
  • 5012 Moonstone Ct San Jose, CA 5
    • 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1970
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $3.02
    •  
PROPERTY LISTING DETAILS
Joel Stieber
Kw Bay Area Estates
BESbswy