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5811 Laguna Seca San Jose, CA 95123

3 Beds 2 Baths 1,256 sqft Built 1962

INVESTimate

$1,148,000

List Price

$3,160

$2,910 - $3,410

Rent Est.

$1,317,904  ( +14.80%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1962
  • Price/Sqft : $914.01
  • 6 Days on Market
  • MLS # : ML81807223
  • Updated Date : 08/24/2020 at 14:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,256 sqft
  • Baths : 2 full
Listing Agent

Tera Real Estate

Listing Agent's Description

Welcome to the home you have been looking for.This beautiful home features open concept living with huge park like outdoor space.The recently landscaped front yard features RV parking, white picket fence and steps leading into the newly remodeled home. Entering this home, you will notice the kitchen features new cabinets, granite counter tops, recessed lighting, stainless steel appliances and a beautiful island with pendant lighting.The living room has recessed ceiling with new lighting.There is crown molding throughout the home, new flooring and double pane windows Both bathrooms have been remodeled. Each bedroom has custom closet organizers, custom blinds though out the home and new storage cabinets in the garage. Permitted, covered patio feels like a large, outdoor room, with lights and ceiling fans.The back yard features paver walkways, artificial turf, sealed river rock, large pergola, gorgeous fountain, new irrigation, drainage, and pathway lighting in the front and back yard.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Canoas East

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $356k1220k

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

Neighborhood: Canoas East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17483804

* 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
 

$1,033,200$1,262,800$1,148,000

PURCHASE PRICE

$2,844$3,476$3,160

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$45k-$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$5.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,160
EXPENSES Loan Payment -$4,236
Property Tax -$1,386
Property Insurance -$57
Property Management Fees -$129
CASH FLOW
-$2,648

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.

$1,148,000

PROJECTED PRICE

$3,160

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.80%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$309,970

INVESTMENT

$309,970

Down Payment
$287,000
Rehab Estimate
$5,750
Closing Costs
$17,220

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $287,000
Loan Amount $861,000
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$107

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,160

    LIST RENT
  • $2.52

    LIST RENT PER SQFT
  • $3,397

    COMP ESTIMATED VALUE
  • $2.7

    COMP AVG. RENT PER SQFT
Comps Range
$3,160
1$3,1602$3,2003$3,2954$3,6005$3,600
$3,600
RENT COMPS ANALYSIS
  • 5811 Laguna Seca San Jose, 1
    • 3 beds 2 baths ∙ 1,256 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,256 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $3,160
    • $2.52
    •  
  • 390 Grandpark Cir San Jose, 2
    • 3 beds 2 baths ∙ 1,153 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,153 Sqft ∙ Built 1972
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.78
    •  
  • 5924 Mohawk Dr San Jose, 3
    • 3 beds 2 baths ∙ 1,173 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,173 Sqft ∙ Built 1967
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $2.81
    •  
  • 569 Shawnee Ln San Jose, 4
    • 4 beds 2 baths ∙ 1,345 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,345 Sqft ∙ Built 1966
    LEASED 03/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.68
    •  
  • 6103 Vale Ct San Jose, 5
    • 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
    •  
PROPERTY LISTING DETAILS
Mark Wright
Tera Real Estate
BESbswy