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5462 Cahalan Ave San Jose, CA 95123

4 Beds 3 Baths 2,159 sqft Built 2012

$1,249,000

List Price

$3,750

$3.5K - $4K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $578.51
  • 3 Days on Market
  • MLS # : ML81822245
  • Updated Date : 12/04/2020 at 22:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,159 sqft
  • Baths : 3 full
Listing Agent

Wdb Realty And Finance Inc.

Listing Agent's Description

Desirable East facing 8 yr old home in the heart of Blossom Valley. The largest floor plan within the Westbury Community 4B/3B/2159 sq. ft, with engineered hardwood floors on 1st level. Ground floor bedroom + full bath can be used as an office/in-law suite. Kitchen features granite countertops, center island, Bosch SS appliances, custom backsplash, & walk-in pantry. The master bedroom is spacious with recessed lighting that opens to a master bathroom retreat with separate shower, oversized tub, dual vanities, & walk-in closet with shelving systems designed by California Closets. Home features dual zone central AC/heating, Berber carpets, custom interior paint, high 9' ceilings, dual pane windows, & water conditioner/filter. Backyard is low maintenance with stamped concrete patio & artificial turf. Situated in a very friendly community, close to trails, & good public/private schools. Home is located near freeway 85, 87, & 101. 5-minute drive to Oakridge Mall, Target, & Trader Joes.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$1,124,100$1,373,900$1,249,000

PURCHASE PRICE

$3,375$4,125$3,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,750
EXPENSES Loan Payment -$4,608
Property Tax -$1,508
Property Insurance -$79
HOA -$135
Property Management Fees -$146
CASH FLOW
-$2,726

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.

$1,249,000

PROJECTED PRICE

$3,750

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.1%
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-$30k-$20k-$10k$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$336,735

INVESTMENT

$336,735

Down Payment
$312,250
Rehab Estimate
$5,750
Closing Costs
$18,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,608

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,250
Loan Amount $936,750
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$86

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,750

    LIST RENT
  • $1.74

    LIST RENT PER SQFT
  • $4,023

    COMP ESTIMATED VALUE
  • $1.86

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,6003$3,7004$3,750
$3,750
RENT COMPS ANALYSIS
  • 5462 Cahalan Ave San Jose, CA 4
    • 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.74
    •  
  • 3445 Vittoria Pl 4 San Jose, CA 1
    • 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 2003
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.88
    •  
  • 353 Vista Roma Way San Jose, CA 2
    • 4 beds 3 baths ∙ 1,878 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,878 Sqft ∙ Built 2004
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.92
    •  
  • 4674 Eagle Lake Dr San Jose, CA 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
    •  
PROPERTY LISTING DETAILS
Sunmeet Anand
Wdb Realty And Finance Inc.
BESbswy