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5801 Firestone Ct San Jose, CA 95138

5 Beds 3 Baths 2,695 sqft Built 1998

$1,989,000

List Price

$5,090

$4.8K - $5.3K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
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!

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: Silver Creek

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600k1700k1800kPrice in $380k1820k

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

Neighborhood: Silver Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q220002500300035004000450050005500Rent in $19075862

* 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
Silver Oak Elementary School Primary Regular 687 26 9
Chaboya Middle School Middle Regular 1,124 44 9
Silver Creek High School High Magnet 2,465 93 9

Silver Oak Elementary School

  • Education Level: Primary
  • # of students: 687
  • # of teachers: 26
9
GreatSchools Rating

Chaboya Middle School

  • Education Level: Middle
  • # of students: 1,124
  • # of teachers: 44
9
GreatSchools Rating

Silver Creek High School

  • Education Level: High
  • # of students: 2,465
  • # of teachers: 93
9
GreatSchools Rating
 

$1,790,100$2,187,900$1,989,000

PURCHASE PRICE

$4,581$5,599$5,090

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M

PROJECTED ANNUAL CASH FLOW

11530-$70k-$60k-$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$5.0M$6.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$532,835

INVESTMENT

$532,835

Down Payment
$497,250
Rehab Estimate
$5,750
Closing Costs
$29,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,909

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $497,250
Loan Amount $1,491,750
See What Happens When You Reinvest Cash Flow

-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
$0
1$02$5,045
$5,045
RENT COMPS ANALYSIS
  • 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
Cindy Hung
Intero Real Estate Services
BESbswy