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5967 Clydesdale Ave San Jose, CA 95123

5 Beds 3 Baths 2,509 sqft Built 1966

INVESTimate

$1,400,000

List Price

$4,230

$3,980 - $4,480

Rent Est.

$1,559,880  ( +11.42%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1966
  • Price/Sqft : $557.99
  • 6 Days on Market
  • MLS # : ML81807326
  • Updated Date : 08/24/2020 at 15:12
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,509 sqft
  • Baths : 3 full
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Pride of Ownership describes this beautiful family home! This family oriented neighborhood is full of young children and nearby schools making for a great family experience! There are too many amenities to mention. Exterior: Brand new composite roof, rain gutters, garage door & opener! Completely repainted, new carpet installed, beautiful hardwood floors and new light fixtures. Beautiful eat in kitchen with lots of counter space. Double pane windows through-out. Home features: full A/C, inside utilities, and a full bath downstairs with one bedroom. All the bedrooms have their own ceiling fans, and a large master suite with plenty of closet space. Master bath complete with beautiful tiled double shower, elegant glass bowl sinks and a heated tile floor for those cold mornings. The home also features an All House Fan which saves energy and removes heat. All bathrooms and kitchen feature tile floors for easy upkeep. Separate family room with fireplace and a huge backyard!

SEE MORE

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: Calero

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $368k1220k

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

Neighborhood: Calero

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17603804

* 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
Herman Intermediate School And Adventure Primary Regular 822 38 8
Herman Intermediate School And Adventure Middle Regular 822 38 8
Santa Teresa High School High Magnet 2,306 89 9

Herman Intermediate School And Adventure

  • Education Level: Primary
  • # of students: 822
  • # of teachers: 38
8
GreatSchools Rating

Herman Intermediate School And Adventure

  • Education Level: Middle
  • # of students: 822
  • # of teachers: 38
8
GreatSchools Rating

Santa Teresa High School

  • Education Level: High
  • # of students: 2,306
  • # of teachers: 89
9
GreatSchools Rating
 

$1,260,000$1,540,000$1,400,000

PURCHASE PRICE

$3,807$4,653$4,230

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,230
EXPENSES Loan Payment -$5,165
Property Tax -$1,690
Property Insurance -$88
Property Management Fees -$165
CASH FLOW
-$2,878

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.

$1,400,000

PROJECTED PRICE

$4,230

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.42%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$376,750

INVESTMENT

$376,750

Down Payment
$350,000
Rehab Estimate
$5,750
Closing Costs
$21,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,165

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $350,000
Loan Amount $1,050,000
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$48

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
  • $4,428

    COMP ESTIMATED VALUE
  • $1.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,8493$3,980
$3,980
RENT COMPS ANALYSIS
  • 5967 Clydesdale Ave San Jose, 1
    • 5 beds 3 baths ∙ 2,509 Sqft ∙ Built 1966 5 beds 3 baths ∙ 2,509 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 467 Curie Dr San Jose, 2
    • 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1976
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,849
    • $1.71
    •  
  • 159 Venado Way San Jose, 3
    • 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
    •  
PROPERTY LISTING DETAILS
Richard Sobin
Intero Real Estate Services
BESbswy