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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $626.78
- 2 Days on Market
- MLS # : ML81824060
- Updated Date : 12/26/2020 at 14:33
CONSTRUCTION
- Beds : 3
- Floor Size : 1,755 sqft
- Baths : 2 full
Listing Agent
Starritt Realtors
Listing Agent's Description
Beautiful single story lovingly maintained home.. corner lot ..desirable Blossom Valley location. Open floor plan from the family room, dining area and kitchen. Granite kitchen counters with white cabinets all freshly painted and tile floors. Separate cozy living room . New carpet in guest bedrooms. Updated Master and guest bathrooms. Sliders from Master bedroom and dining area allow views to the large private spacious backyard. Air solar that is prepaid and can easily transfer to the new owner. Refrigerator, washer and dryer stay. Interior painted throughout. Don't miss this lovely home its all ready for a new family to enjoy.
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MARKET HIGHLIGHTS
- 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)
- San Jose metro has 67.6% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Cahalan
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cahalan
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,580 |
| EXPENSES | Loan Payment | -$4,059 |
| Property Tax | -$1,228 | |
| Property Insurance | -$69 | |
| Property Management Fees | -$140 | |
|
CASH FLOW
-$1,916
|
||
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.
$1,100,000
PROJECTED PRICE
$3,580
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 8.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.19% |
| 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
$297,250
LOAN DETAILS
$4,059
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $275,000 |
| Loan Amount | $825,000 |
0.08
YEARS SAVED
$68
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,580
LIST RENT -
$2.04
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
5820 Soltero Dr San Jose, CA
- 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1972
- Rent
- Rent Per SQFT
- $3,580
- $2.04
PROPERTY LISTING DETAILS
Starritt Realtors
