Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5736 Drysdale Ct San Jose, CA 95124

3 Beds 2 Baths 1,594 sqft Built 1968

$1,399,950

List Price

$4,000

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

December 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $878.26
  • 7 Days on Market
  • MLS # : ML81824111
  • Updated Date : 12/30/2020 at 11:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,594 sqft
  • Baths : 2 full
Listing Agent

Monterey Bay Properties

Listing Agent's Description

Noddin area oasis! Chillax and entertain in your personal paradise with custom designed pool, palm trees, miniature fruit trees and the sound of a waterfall. Single level home situated on a cul-de-sac. Enjoy the living room and kitchen with sunlight streaming thru the skylights or the dual fireplace in the dining and living rooms.A well designed home with good separation of the living and sleeping areas. Good commute proximity, with access to freeways, parks, shopping, quality schools and Los Gatos..

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: Noddin

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: Noddin

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $19074493

* 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
Guadalupe Elementary School Primary Regular 558 24 9
Dartmouth Middle School Middle Regular 859 37 8
Leigh High School High Magnet 1,665 73 9

Guadalupe Elementary School

  • Education Level: Primary
  • # of students: 558
  • # of teachers: 24
9
GreatSchools Rating

Dartmouth Middle School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 37
8
GreatSchools Rating

Leigh High School

  • Education Level: High
  • # of students: 1,665
  • # of teachers: 73
9
GreatSchools Rating
 

$1,259,955$1,539,945$1,399,950

PURCHASE PRICE

$3,600$4,400$4,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,000
EXPENSES Loan Payment -$5,165
Property Tax -$1,642
Property Insurance -$66
Property Management Fees -$156
CASH FLOW
-$3,029

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.

$1,399,950

PROJECTED PRICE

$4,000

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$1.0M$2.0M$3.0M$4.0M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$376,737

INVESTMENT

$376,737

Down Payment
$349,988
Rehab Estimate
$5,750
Closing Costs
$20,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,165

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $349,988
Loan Amount $1,049,963
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$80

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,000

    LIST RENT
  • $2.51

    LIST RENT PER SQFT
  • $4,296

    COMP ESTIMATED VALUE
  • $2.7

    COMP AVG. RENT PER SQFT
Comps Range
$3,495
1$3,4952$4,0003$4,2004$4,5955$4,800
$4,800
RENT COMPS ANALYSIS
  • 5736 Drysdale Ct San Jose, CA 2
    • 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.51
    •  
  • 4954 Alan Ave San Jose, CA 1
    • 4 beds 2 baths ∙ 1,374 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,374 Sqft ∙ Built 1956
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $2.54
    •  
  • 1811 Chevalier Dr San Jose, CA 3
    • 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1970
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.86
    •  
  • 5502 Taft Dr San Jose, CA 4
    • 4 beds 3 baths ∙ 1,723 Sqft ∙ Built 1960 4 beds 3 baths ∙ 1,723 Sqft ∙ Built 1960
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,595
    • $2.67
    •  
  • 1707 Manitou Ct San Jose, CA 5
    • 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 1976
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $2.71
    •  
PROPERTY LISTING DETAILS
Richard Wygant
Monterey Bay Properties
BESbswy