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5781 Hillbright Cir San Jose, CA 95123

3 Beds 2 Baths 1,619 sqft Built 1968

$975,000

List Price

$3,490

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1968
  • Price/Sqft : $602.22
  • 6 Days on Market
  • MLS # : ML81814559
  • Updated Date : 11/01/2020 at 08:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,619 sqft
  • Baths : 2 full
Listing Agent

Tuscana Properties

Listing Agent's Description

Well loved Blossom Valley home with charming updates. Light and bright home located on a beautiful street. Youll enjoy the built-ins and moldings throughout this home. Enjoy the nice patio and lawn in the backyard. This home is turn-key and ready to be loved by a new buyer. Conveniently located with quick access to 101 and 85, shops and restaurants. Act fast and grab this beautifully maintained home.

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: Calero

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $368k1220k

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

Neighborhood: Calero

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17603804

* 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
Santa Teresa High School High Magnet 2,306 89 9

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

Santa Teresa High School

  • Education Level: High
  • # of students: 2,306
  • # of teachers: 89
9
GreatSchools Rating
 

$877,500$1,072,500$975,000

PURCHASE PRICE

$3,141$3,839$3,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,490
EXPENSES Loan Payment -$3,597
Property Tax -$1,177
Property Insurance -$66
Property Management Fees -$136
CASH FLOW
-$1,487

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.

$975,000

PROJECTED PRICE

$3,490

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.4%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$264,125

INVESTMENT

$264,125

Down Payment
$243,750
Rehab Estimate
$5,750
Closing Costs
$14,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,597

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $243,750
Loan Amount $731,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$408

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,490

    LIST RENT
  • $2.16

    LIST RENT PER SQFT
  • $3,857

    COMP ESTIMATED VALUE
  • $2.38

    COMP AVG. RENT PER SQFT
Comps Range
$3,490
1$3,4902$3,6903$3,8004$3,9005$3,900
$3,900
RENT COMPS ANALYSIS
  • 5781 Hillbright Cir San Jose, CA 1
    • 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $3,490
    • $2.16
    •  
  • 185 Tulip Blossom Ct San Jose, CA 2
    • 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 3
    • 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
    •  
  • 6162 Blossom Ave San Jose, CA 4
    • 4 beds 2 baths ∙ 1,495 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,495 Sqft ∙ Built 1968
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $2.61
    •  
  • 5324 Entrada Oleandros San Jose, CA 5
    • 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 1971
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $2.25
    •  
PROPERTY LISTING DETAILS
The Jamison Team
Tuscana Properties
BESbswy