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5842 Cohasset Way San Jose, CA 95123

4 Beds 3 Baths 2,186 sqft Built 1966

$1,143,888

List Price

$3,720

$3.5K - $4K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $523.28
  • 5 Days on Market
  • MLS # : ML81824274
  • Updated Date : 12/30/2020 at 18:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,186 sqft
  • Baths : 2 full , 1 half
Listing Agent

Altas Realty

Listing Agent's Description

Beautifully upgraded/move in ready home in a desirable area now available! Home Features 4 Beds/2.5 baths. Ton of natural light. Newer Flooring/shutters throughout the home. Updated Kitchen with Marble Counter tops, Shaker cabinets, & new appliances. Updated bathrooms -Newley painted Exterior/Interior -Above average Garage size - Nicely landscaped Front/Back Yard - Location, Location, Location! Close to Hwy 85,87,& the 101. Conveniently located near restaurants/parks/schools/hospital. Come take a look for yourself!

SEE MORE

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: Anderson East

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1220k

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

Neighborhood: Anderson East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17303804

* 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
Anderson Elementary School Primary Regular 453 18 5
Bernal Intermediate School Middle Regular 807 36 7
Oak Grove High School High Magnet 1,903 78 6

Anderson Elementary School

  • Education Level: Primary
  • # of students: 453
  • # of teachers: 18
5
GreatSchools Rating

Bernal Intermediate School

  • Education Level: Middle
  • # of students: 807
  • # of teachers: 36
7
GreatSchools Rating

Oak Grove High School

  • Education Level: High
  • # of students: 1,903
  • # of teachers: 78
6
GreatSchools Rating
 

$1,029,499$1,258,277$1,143,888

PURCHASE PRICE

$3,348$4,092$3,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,720
EXPENSES Loan Payment -$4,220
Property Tax -$1,381
Property Insurance -$80
Property Management Fees -$145
CASH FLOW
-$2,106

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.

$1,143,888

PROJECTED PRICE

$3,720

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$308,880

INVESTMENT

$308,880

Down Payment
$285,972
Rehab Estimate
$5,750
Closing Costs
$17,158

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$4,220

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $285,972
Loan Amount $857,916
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$35

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
  • $4,115

    COMP ESTIMATED VALUE
  • $1.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,7003$3,9004$3,9805$4,495
$4,495
RENT COMPS ANALYSIS
  • 5842 Cohasset Way San Jose, CA 1
    • 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5682 Taconic Ct San Jose, CA 2
    • 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 1973
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.89
    •  
  • 285 El Portal Way San Jose, CA 3
    • 5 beds 3 baths ∙ 2,181 Sqft ∙ Built 1970 5 beds 3 baths ∙ 2,181 Sqft ∙ Built 1970
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.79
    •  
  • 159 Venado Way San Jose, CA 4
    • 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1966
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,980
    • $1.82
    •  
  • 363 El Portal Way San Jose, CA 5
    • 5 beds 3 baths ∙ 2,215 Sqft ∙ Built 1972 5 beds 3 baths ∙ 2,215 Sqft ∙ Built 1972
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,495
    • $2.03
    •  
PROPERTY LISTING DETAILS
Baljit Gill
Altas Realty
BESbswy