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5441 Greenside Dr San Jose, CA 95127

3 Beds 3 Baths 2,164 sqft Built 1948

$1,449,999

List Price

$3,700

$3.5K - $4K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1948
  • Price/Sqft : $670.05
  • 6 Days on Market
  • MLS # : ML81824666
  • Updated Date : 01/08/2021 at 07:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,164 sqft
  • Baths : 2 full , 1 half
Listing Agent

Kw Silicon City

Listing Agent's Description

This is a rare opportunity to own a home that backs up to the 16th fairway of the prestigious San Jose Country Club with relaxing views of the golf course. This beautiful highly desirable Country Club Manor home is situated in a wonderful community and offers many updates including granite countertops, hardwood floors, engineered bamboo flooring, remodeled bathrooms, large bedrooms, recessed lighting, dual pane windows, newer roof, central Heat & AC, wonderful backyard with large deck perfect for entertaining, approximately 400 sq. ft. Detached game / guest room w/full bath, 2 car detached garage, extra gated parking and more. Possible access to golf course from backyard gate with SJCC membership.

SEE MORE

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: East Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: East Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $19074493

* 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
Linda Vista Elementary School Primary Regular 594 25 6
Joseph George Middle School Middle Regular 594 32 3
James Lick High School High Magnet 1,108 48 5

Linda Vista Elementary School

  • Education Level: Primary
  • # of students: 594
  • # of teachers: 25
6
GreatSchools Rating

Joseph George Middle School

  • Education Level: Middle
  • # of students: 594
  • # of teachers: 32
3
GreatSchools Rating

James Lick High School

  • Education Level: High
  • # of students: 1,108
  • # of teachers: 48
5
GreatSchools Rating
 

$1,304,999$1,594,999$1,449,999

PURCHASE PRICE

$3,330$4,070$3,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,700
EXPENSES Loan Payment -$5,036
Property Tax -$1,693
Property Insurance -$79
Property Management Fees -$144
CASH FLOW
-$3,253

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.

$1,449,999

PROJECTED PRICE

$3,700

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$390,000

INVESTMENT

$390,000

Down Payment
$362,500
Rehab Estimate
$5,750
Closing Costs
$21,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$5,036

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $362,500
Loan Amount $1,087,499
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$150

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
  • $3,614

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,000
$4,000
RENT COMPS ANALYSIS
  • 5441 Greenside Dr San Jose, CA 1
    • 3 beds 3 baths ∙ 2,164 Sqft ∙ Built 1948 3 beds 3 baths ∙ 2,164 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12540 Poppy Ln L San Jose, CA 2
    • 3 beds 2 baths ∙ 2,398 Sqft ∙ Built 1948 3 beds 2 baths ∙ 2,398 Sqft ∙ Built 1948
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.67
    •  
PROPERTY LISTING DETAILS
Joe Raya
Kw Silicon City
BESbswy