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PROPERTY INFO
FACTS
- Single Family
- Built In 1971
- Price/Sqft : $679.51
- 5 Days on Market
- MLS # : ML81823431
- Updated Date : 12/18/2020 at 08:31
CONSTRUCTION
- Beds : 4
- Floor Size : 2,465 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
This stately two-story home on the adorable Pilar Court is a dream house. Tucked amongst the vibrant colors and privacy of mature landscaping, the home's double entry doors welcome you into a bright and airy living space with plantation shutters and a generously expanded family room. The home offers the convenience of dual system central heat and AC, indoor laundry room, seller-owned solar panels, KitchenAid gas stovetop, fireplace, home bar, and fresh interior paint. Two sets of glass french doors lead outside to the back patio, with great entertaining space, a swimming pool, and a spa. Being located in a sheltered court with beautiful mountain views is a special feature of this property, providing a protected outdoor space for children to play. It is centrally located to markets, schools, post offices, and the major thoroughfares of Almaden Express and Highways 85 and 87, and down the street from Guadalupe Oak Grove Park, a 5-trail hike amongst the oaks.
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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: Guadalupe Oak Grove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Guadalupe Oak Grove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,350 |
| EXPENSES | Loan Payment | -$6,180 |
| Property Tax | -$1,870 | |
| Property Insurance | -$87 | |
| Property Management Fees | -$170 | |
|
CASH FLOW
-$3,957
|
||
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.
$1,675,000
PROJECTED PRICE
$4,350
PROJECTED RENT
0.26%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 11.2% |
| 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
$449,625
LOAN DETAILS
$6,180
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $418,750 |
| Loan Amount | $1,256,250 |
-0.17
YEARS SAVED
-$185
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
-
$4,757
COMP ESTIMATED VALUE -
$1.93
COMP AVG. RENT PER SQFT
Comps Range
-
5828 Pilar Ct San Jose, CA 1
- 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 1971
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1014 Redmond Ct San Jose, CA 2
- 4 beds 3 baths ∙ 2,139 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,139 Sqft ∙ Built 1967
![property image]()
LEASED 08/12/20- Rent
- Rent Per SQFT
- $4,100
- $1.92
-
5876 Sentinel St San Jose, CA 3
- 4 beds 2 baths ∙ 2,423 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,423 Sqft ∙ Built 1976
![property image]()
LEASED 11/07/19- Rent
- Rent Per SQFT
- $4,875
- $2.01
-
6068 Burnbank Pl San Jose, CA 4
- 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 1976
![property image]()
LEASED 06/20/20- Rent
- Rent Per SQFT
- $4,975
- $1.90
-
6641 Barnsdale Ct San Jose, CA 5
- 5 beds 3 baths ∙ 2,649 Sqft ∙ Built 1978 5 beds 3 baths ∙ 2,649 Sqft ∙ Built 1978
![property image]()
LEASED 05/21/20- Rent
- Rent Per SQFT
- $4,995
- $1.89
PROPERTY LISTING DETAILS
Coldwell Banker Realty
