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5828 Pilar Ct San Jose, CA 95120

4 Beds 3 Baths 2,465 sqft Built 1971

$1,675,000

List Price

$4,350

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
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

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: Guadalupe Oak Grove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q220002200240026002800300032003400360038004000420044004600Rent in $19074644

* 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
Los Alamitos Elementary School Primary Regular 722 24 8
Castillero Middle School Middle Regular 1,222 54 6
Pioneer High School High Regular 1,570 67 9

Los Alamitos Elementary School

  • Education Level: Primary
  • # of students: 722
  • # of teachers: 24
8
GreatSchools Rating

Castillero Middle School

  • Education Level: Middle
  • # of students: 1,222
  • # of teachers: 54
6
GreatSchools Rating

Pioneer High School

  • Education Level: High
  • # of students: 1,570
  • # of teachers: 67
9
GreatSchools Rating
 

$1,507,500$1,842,500$1,675,000

PURCHASE PRICE

$3,915$4,785$4,350

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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

PROJECTED ANNUAL CASH FLOW

11530-$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$449,625

INVESTMENT

$449,625

Down Payment
$418,750
Rehab Estimate
$5,750
Closing Costs
$25,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,180

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $418,750
Loan Amount $1,256,250
See What Happens When You Reinvest Cash Flow

-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
$0
1$02$4,1003$4,8754$4,9755$4,995
$4,995
RENT COMPS ANALYSIS
  • 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
Suzanne Freeze
Coldwell Banker Realty
BESbswy