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5428 Cahalan Ave San Jose, CA 95123

3 Beds 3 Baths 1,780 sqft Built 2012

INVESTimate

$1,066,000

List Price

$3,500

$3,250 - $3,750

Rent Est.

$1,152,559  ( +8.12%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $598.88
  • 5 Days on Market
  • MLS # : ML81807414
  • Updated Date : 08/22/2020 at 23:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,780 sqft
  • Baths : 2 full , 1 half
Listing Agent

Acel Realty

Listing Agent's Description

Convenient and charming home in Brookfield development built in 2012, feels and looks a new home, easy access to freeways 87, 85 & light rail. Close to Oakridge Mall. Heating-cooling all rooms, hardwood flooring in kitchen, living room & downstairs bathroom , fresh paint all cabinets, recessed lighting, breakfast bar/center island, upgraded carpeting. Elegant master suite, convenient upstairs laundry room with washer & dryer.

SEE MORE

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: Shadowcrest

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1220k

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

Neighborhood: Shadowcrest

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
Herman Intermediate School And Adventure Primary Regular 822 38 8
Herman Intermediate School And Adventure Middle Regular 822 38 8
Santa Teresa High School High Magnet 2,306 89 9

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

Santa Teresa High School

  • Education Level: High
  • # of students: 2,306
  • # of teachers: 89
9
GreatSchools Rating
 

$959,400$1,172,600$1,066,000

PURCHASE PRICE

$3,150$3,850$3,500

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,500
EXPENSES Loan Payment -$3,933
Property Tax -$1,287
Property Insurance -$70
HOA -$136
Property Management Fees -$137
CASH FLOW
-$2,062

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.

$1,066,000

PROJECTED PRICE

$3,500

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.12%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$288,240

INVESTMENT

$288,240

Down Payment
$266,500
Rehab Estimate
$5,750
Closing Costs
$15,990

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,933

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $266,500
Loan Amount $799,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$13

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
  • $3,661

    COMP ESTIMATED VALUE
  • $2.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$3,7004$3,900
$3,900
RENT COMPS ANALYSIS
  • 5428 Cahalan Ave San Jose, 1
    • 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • Cottage Pl San Jose, 2
    • 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 1994
    LEASED 02/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.28
    •  
  • 4674 Eagle Lake Dr San Jose, 3
    • 4 beds 3 baths ∙ 2,069 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,069 Sqft ∙ Built 1999
    LEASED 06/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.79
    •  
  • 3447 Quarry Park Dr San Jose, 4
    • 3 beds 3 baths ∙ 1,853 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,853 Sqft ∙ Built 1996
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $2.10
    •  
PROPERTY LISTING DETAILS
Mary Lu
Acel Realty
BESbswy