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5743 Holland Ln San Jose, CA 95118

4 Beds 3 Baths 1,575 sqft Built 1960

$1,249,800

List Price

$3,850

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1960
  • Price/Sqft : $793.52
  • 2 Days on Market
  • MLS # : ML81818521
  • Updated Date : 11/02/2020 at 14:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,575 sqft
  • Baths : 3 full
Listing Agent

Sereno Group

Listing Agent's Description

Desirable Union schools home close to - updated and ready to move-in! Spacious, open layout with 2 master suites and 4 bedrooms! Updates include: kitchen with gas cooktop and double built-in ovens, tile flooring inlay and new carpet, interior painting with stately crown moldings, recessed lighting, spacious bathrooms with stone tile and soaking tub, etc. Large backyard with lots of grass and ample space for all your social-distancing events!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Holland

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $363k1665k

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

Neighborhood: Holland

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $18414493

* 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
Branham High School High Regular 1,468 62 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

Branham High School

  • Education Level: High
  • # of students: 1,468
  • # of teachers: 62
9
GreatSchools Rating
 

$1,124,820$1,374,780$1,249,800

PURCHASE PRICE

$3,465$4,235$3,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,850
EXPENSES Loan Payment -$4,611
Property Tax -$1,466
Property Insurance -$65
Property Management Fees -$150
CASH FLOW
-$2,442

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.

$1,249,800

PROJECTED PRICE

$3,850

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.9%
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-$40k-$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$336,947

INVESTMENT

$336,947

Down Payment
$312,450
Rehab Estimate
$5,750
Closing Costs
$18,747

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,611

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,450
Loan Amount $937,350
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$15

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,850

    LIST RENT
  • $2.44

    LIST RENT PER SQFT
  • $3,977

    COMP ESTIMATED VALUE
  • $2.53

    COMP AVG. RENT PER SQFT
Comps Range
$3,495
1$3,4952$3,7953$3,8504$3,9005$4,800
$4,800
RENT COMPS ANALYSIS
  • 5743 Holland Ln San Jose, CA 3
    • 4 beds 3 baths ∙ 1,575 Sqft ∙ Built 1960 4 beds 3 baths ∙ 1,575 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $2.44
    •  
  • 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
    •  
  • 1452 Ridgewood Dr San Jose, CA 2
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1959
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $2.51
    •  
  • 1292 Juli Lynn Dr San Jose, CA 4
    • 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1971
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $2.34
    •  
  • 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
Nicholas French
Sereno Group
BESbswy