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612 Louise Ct Campbell, CA 95008

3 Beds 2 Baths 1,597 sqft Built 1961

$1,488,000

List Price

$4,030

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1961
  • Price/Sqft : $931.75
  • 4 Days on Market
  • MLS # : ML81818327
  • Updated Date : 10/31/2020 at 21:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,597 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

This is the home you have been waiting for! Huge pie shaped lot on a cul-de-sac in a sought after neighborhood of Campbell! This beautiful ranch has been lovingly maintained, expanded, and remodeled over the years. Huge kitchen and family room with hardwood flooring, bay window, and lovely views of the big backyard. Large dining area in kitchen plus a breakfast bar. Step down living room with fireplace, built in shelving and Anderson sliding door to the back patio. Remodeled baths with tile flooring and stall shower. Hardwood floor throughout most of the home, central A/C, big pantry in the garage. The backyard is a haven with lawn, mature trees, privacy and endless potential for expansion, gardening or ADU. Must see to appreciate!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: San Tomas

NeighborhoodNIR Market*CityMarket2010Year20002019500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $411k1665k

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

Neighborhood: San Tomas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800400042004400Rent in $17624493

* 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
Capri Elementary School Primary Regular 706 29 7
Rolling Hills Middle School Middle Regular 985 45 7
Westmont High School High Regular 1,537 68 8

Capri Elementary School

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 29
7
GreatSchools Rating

Rolling Hills Middle School

  • Education Level: Middle
  • # of students: 985
  • # of teachers: 45
7
GreatSchools Rating

Westmont High School

  • Education Level: High
  • # of students: 1,537
  • # of teachers: 68
8
GreatSchools Rating
 

$1,339,200$1,636,800$1,488,000

PURCHASE PRICE

$3,627$4,433$4,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,030
EXPENSES Loan Payment -$5,490
Property Tax -$1,633
Property Insurance -$66
Property Management Fees -$157
CASH FLOW
-$3,315

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.

$1,488,000

PROJECTED PRICE

$4,030

PROJECTED RENT

0.27%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.8%
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-$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$400,070

INVESTMENT

$400,070

Down Payment
$372,000
Rehab Estimate
$5,750
Closing Costs
$22,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $372,000
Loan Amount $1,116,000
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$110

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,030

    LIST RENT
  • $2.52

    LIST RENT PER SQFT
  • $4,563

    COMP ESTIMATED VALUE
  • $2.86

    COMP AVG. RENT PER SQFT
Comps Range
$3,750
1$3,7502$3,8003$4,0304$4,6005$4,648
$4,648
RENT COMPS ANALYSIS
  • 612 Louise Ct Campbell, CA 3
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $4,030
    • $2.52
    •  
  • 2235 Arleen Way San Jose, CA 1
    • 3 beds 1 baths ∙ 1,250 Sqft ∙ Built 1965 3 beds 1 baths ∙ 1,250 Sqft ∙ Built 1965
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $3.00
    •  
  • 221 Elm Wood Ct Los Gatos, CA 2
    • 4 beds 3 baths ∙ 1,533 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,533 Sqft ∙ Built 1971
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.48
    •  
  • 2101 Saverio Ct San Jose, CA 4
    • 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 1964
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $2.90
    •  
  • 36 Shereen Pl Campbell, CA 5
    • 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1973
    LEASED 05/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,648
    • $3.05
    •  
PROPERTY LISTING DETAILS
Mike Hammill
Compass
BESbswy