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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $738.03
- 2 Days on Market
- MLS # : ML81825219
- Updated Date : 01/09/2021 at 20:50
CONSTRUCTION
- Beds : 5
- Floor Size : 2,695 sqft
- Baths : 3 full
Listing Agent
Intero Real Estate Services
Listing Agent's Description
Welcome to this gorgeous Capilano model nestled on a quiet street in the prestigious Silver Creek Valley Country Club. This property boasts a generous lot size of approx. 8,500 sf. With only one neighbor, its perfect location gives way to bring ample natural light into the house. House interior and backyard just recently went through a complete remodel accentuating the property's functional design and layout. Starting with a wall to wall wood flooring that sets the mid-century modern vibe. A stunning kitchen that includes a quartz countertop with playful backsplash that will take your breath away, complete with high-end appliances and an oversize deep sink overlooking the backyard through the garden bay window. Relax in the luxurious master bath complete with floor to ceiling matte marble tiles and a soaking tub for the ultimate relaxation. Walk-in closet with designer cabinets and drawers. Brand new putting green and plenty of room for hanging out in the backyard. Don't miss this one!
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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: Silver Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Silver Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $5,090 |
| EXPENSES | Loan Payment | -$6,909 |
| Property Tax | -$2,387 | |
| Property Insurance | -$92 | |
| HOA | -$148 | |
| Property Management Fees | -$199 | |
|
CASH FLOW
-$4,644
|
||
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.
$1,989,000
PROJECTED PRICE
$5,090
PROJECTED RENT
0.26%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 7.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.40% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$532,835
LOAN DETAILS
$6,909
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $497,250 |
| Loan Amount | $1,491,750 |
-0.25
YEARS SAVED
-$267
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
-
$5,444
COMP ESTIMATED VALUE -
$2.02
COMP AVG. RENT PER SQFT
Comps Range
-
5801 Firestone Ct San Jose, CA 1
- 5 beds 3 baths ∙ 2,695 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,695 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3388 Royal Meadow Ln San Jose, CA 2
- 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 1990
LEASED 08/01/20- Rent
- Rent Per SQFT
- $5,045
- $2.02
PROPERTY LISTING DETAILS
Intero Real Estate Services
