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PROPERTY INFO
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.
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Old Quad
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$400,070
LOAN DETAILS
$5,490
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $372,000 |
| Loan Amount | $1,116,000 |
-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
-
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
Coldwell Banker Realty
