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5845 Caliente Way Gilroy, CA 95020

4 Beds 3 Baths 2,869 sqft Built 2012

$929,888

List Price

$3,640

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $324.12
  • 3 Days on Market
  • MLS # : ML81817930
  • Updated Date : 11/07/2020 at 10:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,869 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

This is an Excellent opportunity to own one of Gilroy's finest homes |Phenomenal Oak Studded Hillside views |Fully upgraded | Multiple areas to entertain|Large master bedroom with huge master bath & walk in closet | Huge Loft with Amazing views | Designer touches along with exquisite attention to color detail | GE Profile appliances | Granite counter slabs | Hand-scraped tile floors | Tons of windows in this home bring in plenty of natural light| Beautifully manicured backyard with Arbor | Zen like backyard is beyond pleasing | Two playground areas | Two BBQ areas| It offers privacy as well as being right at the foothills with gorgeous views | Don't miss out on this great home at a great price | This is the home for the extra picky buyers who want an extremely well maintained home | You will not be disappointed with this turn key property!

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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

Zip Code: 95020

ZipNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $346k1220k

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

Zip Code: 95020

ZipNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $16443804

* 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
Las Animas Elementary School Primary Regular 681 25 6
Ascencion Solorsano Middle School Middle Regular 853 28 6
Gilroy High School High Regular 1,364 65 5

Las Animas Elementary School

  • Education Level: Primary
  • # of students: 681
  • # of teachers: 25
6
GreatSchools Rating

Ascencion Solorsano Middle School

  • Education Level: Middle
  • # of students: 853
  • # of teachers: 28
6
GreatSchools Rating

Gilroy High School

  • Education Level: High
  • # of students: 1,364
  • # of teachers: 65
5
GreatSchools Rating
 

$836,899$1,022,877$929,888

PURCHASE PRICE

$3,276$4,004$3,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,640
EXPENSES Loan Payment -$3,431
Property Tax -$948
Property Insurance -$96
HOA -$115
Property Management Fees -$142
CASH FLOW
-$1,092

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.

$929,888

PROJECTED PRICE

$3,640

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$252,170

INVESTMENT

$252,170

Down Payment
$232,472
Rehab Estimate
$5,750
Closing Costs
$13,948

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,431

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $232,472
Loan Amount $697,416
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$4,803

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,640

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $3,730

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$3,640
1$3,6402$3,800
$3,800
RENT COMPS ANALYSIS
  • 5845 Caliente Way Gilroy, CA 1
    • 4 beds 3 baths ∙ 2,869 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,869 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $3,640
    • $1.27
    •  
  • 1027 Ruby Way Gilroy, CA 2
    • 4 beds 3 baths ∙ 2,918 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,918 Sqft ∙ Built 2016
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.30
    •  
PROPERTY LISTING DETAILS
David Zaria
Compass
BESbswy