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5904 Pistoia Way San Jose, CA 95138

4 Beds 3 Baths 2,413 sqft Built 1996

$1,678,000

List Price

$4,410

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $695.40
  • 3 Days on Market
  • MLS # : ML81821092
  • Updated Date : 11/21/2020 at 11:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,413 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

One of SCVCC most desirable floor plans with first floor master suite. The perfect home office or optional 4th bedroom has custom glass beveled doors for privacy and sliding door for outdoor access to the inviting courtyard, pergola, benches, and fountain offers the perfect setting to relax! Stunning foyer with inviting ambiance and soaring ceilings, formal living and dining rooms showcased with extensive crown moulding and fireplace. Beautiful kitchen with granite countertops and new stainless steel high-end designer appliances. A powder room and laundry room with abundant cabinets and sink complete the first level. Oversized backyard with mature fruit trees, a large pergola and expansive view of the hills. Fresh neutral beige paint throughout home. Plantation Shutters, new carpeting, organizing systems in all closets. Whole house alarm system. Garage w/ builtin overhead storage. Walk to top rated elementary school, fitness, swim tennis club. A must see!! Gorgeous home, move in ready!

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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: Silver Creek

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600k1700k1800kPrice in $380k1820k

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

Neighborhood: Silver Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q220002500300035004000450050005500Rent in $19075862

* 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
Silver Oak Elementary School Primary Regular 687 26 9
Chaboya Middle School Middle Regular 1,124 44 9
Silver Creek High School High Magnet 2,465 93 9

Silver Oak Elementary School

  • Education Level: Primary
  • # of students: 687
  • # of teachers: 26
9
GreatSchools Rating

Chaboya Middle School

  • Education Level: Middle
  • # of students: 1,124
  • # of teachers: 44
9
GreatSchools Rating

Silver Creek High School

  • Education Level: High
  • # of students: 2,465
  • # of teachers: 93
9
GreatSchools Rating
 

$1,510,200$1,845,800$1,678,000

PURCHASE PRICE

$3,969$4,851$4,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,410
EXPENSES Loan Payment -$6,191
Property Tax -$2,014
Property Insurance -$85
HOA -$148
Property Management Fees -$172
CASH FLOW
-$4,200

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.

$1,678,000

PROJECTED PRICE

$4,410

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$70k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$450,420

INVESTMENT

$450,420

Down Payment
$419,500
Rehab Estimate
$5,750
Closing Costs
$25,170

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,191

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $419,500
Loan Amount $1,258,500
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$275

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
  • $4,452

    COMP ESTIMATED VALUE
  • $1.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,9003$5,045
$5,045
RENT COMPS ANALYSIS
  • 5904 Pistoia Way San Jose, CA 1
    • 4 beds 3 baths ∙ 2,413 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,413 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5336 Silver Point Way San Jose, CA 2
    • 3 beds 2 baths ∙ 2,332 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,332 Sqft ∙ Built 1995
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.67
    •  
  • 3388 Royal Meadow Ln San Jose, CA 3
    • 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 1990
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,045
    • $2.02
    •  
PROPERTY LISTING DETAILS
Nicki Brown
Compass
BESbswy