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5560 Cooney Pl San Jose, CA 95123

4 Beds 3 Baths 2,205 sqft Built 2000

$1,248,888

List Price

$4,030

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $566.39
  • 5 Days on Market
  • MLS # : ML81825712
  • Updated Date : 01/13/2021 at 20:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,205 sqft
  • Baths : 2 full , 1 half
Listing Agent

Altas Realty

Listing Agent's Description

Desirable West Facing/Move in ready home now available! Home Features 4 Beds/2.5 Baths+ Den Downstairs. Downstairs room can also be used as an office. High Ceilings. Home Includes Central AC/Heating. Easy to maintain backyard. Location, Location, Location! Conveniently located near restaurants, parks, schools, hospitals & freeways. Come take a look for yourself!

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: Blossom Valley

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $372k1220k

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

Neighborhood: Blossom Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17803804

* 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
 

$1,123,999$1,373,777$1,248,888

PURCHASE PRICE

$3,627$4,433$4,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,030
EXPENSES Loan Payment -$4,338
Property Tax -$1,508
Property Insurance -$80
Property Management Fees -$157
CASH FLOW
-$2,053

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.

$1,248,888

PROJECTED PRICE

$4,030

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.3%
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$1.0M$2.0M$3.0M$4.0M

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$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$336,705

INVESTMENT

$336,705

Down Payment
$312,222
Rehab Estimate
$5,750
Closing Costs
$18,733

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,338

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $312,222
Loan Amount $936,666
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$58

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
  • $4,234

    COMP ESTIMATED VALUE
  • $1.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,600
$3,600
RENT COMPS ANALYSIS
  • 5560 Cooney Pl San Jose, CA 1
    • 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    •  
PROPERTY LISTING DETAILS
Baljit Gill
Altas Realty
BESbswy