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5770 Orchard Park Dr San Jose, CA 95123

4 Beds 2 Baths 1,495 sqft Built 1972

$1,138,000

List Price

$3,440

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $761.20
  • 6 Days on Market
  • MLS # : ML81819678
  • Updated Date : 11/12/2020 at 08:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,495 sqft
  • Baths : 2 full
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Fabulous 4 bedroom, 2 bathroom spacious home in a family friendly neighborhood offers a great floor plan and a lush garden. Formal dining room, a large eat-in kitchen with granite counter tops, stainless steel fridge/range, skylight and recessed lights. Walking down the hallway, you'll find 4 bedrooms filled with natural light, hallway full bathroom and the Master Bedroom with its own en-suite bathroom overlooking a very private backyard. From the family room and through the sliding doors, walk to the magnificent backyard with many mature trees, plants and flowers, perfect for entertainment, family or relaxation. Recently upgraded kitchen, painted in and out, hot water heater, Section 1 clearance, double-pane windows, crown moldings, recessed lights, hardwood floors, central heating, AC, new roof, automatic sprinklers, drip irrigation and more. The attached 2-car garage includes washer and dryer. Great for commuters and close to HWY 85 & 87. Reports and disclosures coming.

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: Miner

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1220k

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

Neighborhood: Miner

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17533804

* 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
Oak Grove High School High Magnet 1,903 78 6

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

Oak Grove High School

  • Education Level: High
  • # of students: 1,903
  • # of teachers: 78
6
GreatSchools Rating
 

$1,024,200$1,251,800$1,138,000

PURCHASE PRICE

$3,096$3,784$3,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,440
EXPENSES Loan Payment -$4,199
Property Tax -$1,374
Property Insurance -$63
Property Management Fees -$134
CASH FLOW
-$2,330

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.

$1,138,000

PROJECTED PRICE

$3,440

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.0%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$307,320

INVESTMENT

$307,320

Down Payment
$284,500
Rehab Estimate
$5,750
Closing Costs
$17,070

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $284,500
Loan Amount $853,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$35

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,440

    LIST RENT
  • $2.3

    LIST RENT PER SQFT
  • $3,577

    COMP ESTIMATED VALUE
  • $2.39

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,4403$3,6004$3,6905$3,800
$3,800
RENT COMPS ANALYSIS
  • 5770 Orchard Park Dr San Jose, CA 2
    • 4 beds 2 baths ∙ 1,495 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,495 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $3,440
    • $2.30
    •  
  • 5328 Cedar Grove Cir San Jose, CA 1
    • 4 beds 2 baths ∙ 1,362 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,362 Sqft ∙ Built 1977
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.35
    •  
  • 6103 Vale Ct San Jose, CA 3
    • 4 beds 2 baths ∙ 1,410 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,410 Sqft ∙ Built 1968
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.55
    •  
  • 185 Tulip Blossom Ct San Jose, CA 4
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1976
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,690
    • $2.43
    •  
  • 6121 Maree Ct San Jose, CA 5
    • 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1970
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.24
    •  
PROPERTY LISTING DETAILS
Alexander Wihtol
Intero Real Estate Services
BESbswy