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570 Hilmar St Santa Clara, CA 95050

3 Beds 2 Baths 1,708 sqft Built 1935

$1,488,000

List Price

$3,730

$3.5K - $4K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1935
  • Price/Sqft : $871.19
  • 2 Days on Market
  • MLS # : ML81824047
  • Updated Date : 12/26/2020 at 10:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,708 sqft
  • Baths : 1 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Rare & charming home located in the heart of Silicon Valley close to many tech companies. Stone throw to Google Village, Apple campus, Santa Clara University, AmTrak Train Station, SJ Airport, downtown parks & Central Park, Valley Fair, Santana Row & restaurants. This charming home features 2 bedrooms plus an office, 1 full bathroom and 1 half bathroom, as well as a ~150 SQFT basement.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Jose metro has 67.6% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: The Old Quad

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $373k1373k

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

Neighborhood: The Old Quad

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200340036003800Rent in $8793824

* 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
Westwood Elementary School Primary Regular 443 19 7
Buchser Middle School Middle Regular 1,007 46 5
Santa Clara High School High Regular 1,911 82 7

Westwood Elementary School

  • Education Level: Primary
  • # of students: 443
  • # of teachers: 19
7
GreatSchools Rating

Buchser Middle School

  • Education Level: Middle
  • # of students: 1,007
  • # of teachers: 46
5
GreatSchools Rating

Santa Clara High School

  • Education Level: High
  • # of students: 1,911
  • # of teachers: 82
7
GreatSchools Rating
 

$1,339,200$1,636,800$1,488,000

PURCHASE PRICE

$3,357$4,103$3,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,730
EXPENSES Loan Payment -$5,490
Property Tax -$1,430
Property Insurance -$68
Property Management Fees -$145
CASH FLOW
-$3,404

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.

$1,488,000

PROJECTED PRICE

$3,730

PROJECTED RENT

0.25%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.4%
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$5.0M$6.0M

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$6.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$400,070

INVESTMENT

$400,070

Down Payment
$372,000
Rehab Estimate
$5,750
Closing Costs
$22,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $372,000
Loan Amount $1,116,000
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$123

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
  • $4,521

    COMP ESTIMATED VALUE
  • $2.65

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,7903$4,1504$5,000
$5,000
RENT COMPS ANALYSIS
  • 570 Hilmar St Santa Clara, CA 1
    • 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1935 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1935
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 962 Sunlite Dr Santa Clara, CA 2
    • 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1949
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,790
    • $2.59
    •  
  • 471 Jefferson St Santa Clara, CA 3
    • 4 beds 2 baths ∙ 1,613 Sqft ∙ Built 1930 4 beds 2 baths ∙ 1,613 Sqft ∙ Built 1930
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $2.57
    •  
  • 1567 Mcdaniel Ave San Jose, CA 4
    • 3 beds 1 baths ∙ 1,800 Sqft ∙ Built 1930 3 beds 1 baths ∙ 1,800 Sqft ∙ Built 1930
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.78
    •  
PROPERTY LISTING DETAILS
The Gummow Brothers
Coldwell Banker Realty
BESbswy