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PROPERTY INFO
FACTS
- Single Family
- Built In 1957
- Price/Sqft : $659.84
- 13 Days on Market
- MLS # : ML81824209
- Updated Date : 01/09/2021 at 15:54
CONSTRUCTION
- Beds : 4
- Floor Size : 2,196 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Updated Cambrian Ranch style home. A remodeled kitchen offers a center island, updated appliances, tiled back-splash, recessed lighting, and new pendant lights. Pella open sliding Nano door for interior/exterior entertaining, freshly painted interior, wood floors throughout, separate family room w/ beamed ceiling & new light fixtures. Formal living room. All bedrooms have built-in closets w/ drawers & shelving. Remodeled bathrooms with stone and tiled surfaces. Sep large bonus room with separate access, sep large laundry room w/ an abundance of cabinetry & wine fridge. Central forced-air heating & A/C. Complete owned solar, EV hook up, fiber internet avail. Backyard newly built patio cover w/outdoor heaters, ceiling fan, recessed lighting, paver patio, grass, and mature landscaping. Double pane windows. Converted garage. Oversized carport w/ electric garage doors for 2 or more cars. Close to all major shopping & commute routes. Noddin Elementary, Union Middle, and Leigh High School
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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: Noddin
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Noddin
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,290 |
| EXPENSES | Loan Payment | -$5,033 |
| Property Tax | -$1,700 | |
| Property Insurance | -$80 | |
| Property Management Fees | -$167 | |
|
CASH FLOW
-$2,690
|
||
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.
$1,449,000
PROJECTED PRICE
$4,290
PROJECTED RENT
0.30%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 9.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.40% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$389,735
LOAN DETAILS
$5,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $362,250 |
| Loan Amount | $1,086,750 |
-0.08
YEARS SAVED
-$23
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,290
LIST RENT -
$1.95
LIST RENT PER SQFT
-
$4,128
COMP ESTIMATED VALUE -
$1.88
COMP AVG. RENT PER SQFT
Comps Range
-
5511 Camden Ave San Jose, CA 2
- 4 beds 2 baths ∙ 2,196 Sqft ∙ Built 1957 4 beds 2 baths ∙ 2,196 Sqft ∙ Built 1957
- Rent
- Rent Per SQFT
- $4,290
- $1.95
-
1565 Puerto Vallarta Dr San Jose, CA 1
- 5 beds 3 baths ∙ 2,278 Sqft ∙ Built 1965 5 beds 3 baths ∙ 2,278 Sqft ∙ Built 1965
LEASED 11/03/20- Rent
- Rent Per SQFT
- $3,995
- $1.75
-
5876 Sentinel St San Jose, CA 3
- 4 beds 2 baths ∙ 2,423 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,423 Sqft ∙ Built 1976
LEASED 11/07/19- Rent
- Rent Per SQFT
- $4,875
- $2.01
PROPERTY LISTING DETAILS
Coldwell Banker Realty
