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6125 Oak Forest Way San Jose, CA 95120

3 Beds 2 Baths 1,710 sqft Built 1975

INVESTimate

$1,360,000

List Price

$3,910

$3,660 - $4,160

Rent Est.

$1,489,608  ( +9.53%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1975
  • Price/Sqft : $795.32
  • 5 Days on Market
  • MLS # : ML81807356
  • Updated Date : 08/24/2020 at 07:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,710 sqft
  • Baths : 2 full
Listing Agent

Flat Rate Realty

Listing Agent's Description

This Almaden Valley beauty is a bright, spacious single-level home with 3 bedroom, 2 bath, open spacious living room with vaulted ceilings and cozy kitchen/family room w/nook dining, breakfast bar and fireplace. Master suite w/walk-in closet and access to a beautiful backyard! Remodeled bathrooms, freshly painted exterior and interior, dual pane windows, central heat & air, You get a beautiful green backyard with newly custom made pergola, pavers and a beautiful gazebo. Love the birds chirping and mountain views from your backyard. Decade old trees give plenty of shade for Summer enjoyment, and seasonal fruits, oranges, plums, green apples, apricots and lemons. A very friendly community and amazing neighbors. Just a block away from Jeffrey Fontana park with a playground and trail. Prestigious Almaden schools (Los Alamitos Elementary), and less than one mile to the neighborhood shopping center for groceries, restaurants, coffee shops, bank, pharmacy, close to freeways 87/85 and more.

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: Crossgate

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: Crossgate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $19074493

* 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
Los Alamitos Elementary School Primary Regular 722 24 8
Castillero Middle School Middle Regular 1,222 54 6
Pioneer High School High Regular 1,570 67 9

Los Alamitos Elementary School

  • Education Level: Primary
  • # of students: 722
  • # of teachers: 24
8
GreatSchools Rating

Castillero Middle School

  • Education Level: Middle
  • # of students: 1,222
  • # of teachers: 54
6
GreatSchools Rating

Pioneer High School

  • Education Level: High
  • # of students: 1,570
  • # of teachers: 67
9
GreatSchools Rating
 

$1,224,000$1,496,000$1,360,000

PURCHASE PRICE

$3,519$4,301$3,910

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,910
EXPENSES Loan Payment -$5,018
Property Tax -$1,519
Property Insurance -$68
Property Management Fees -$152
CASH FLOW
-$2,847

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.

$1,360,000

PROJECTED PRICE

$3,910

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.53%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$366,150

INVESTMENT

$366,150

Down Payment
$340,000
Rehab Estimate
$5,750
Closing Costs
$20,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,018

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $340,000
Loan Amount $1,020,000
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$54

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
  • $3,916

    COMP ESTIMATED VALUE
  • $2.29

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$3,5954$3,9005$4,300
$4,300
RENT COMPS ANALYSIS
  • 6125 Oak Forest Way San Jose, 1
    • 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • Cottage Pl San Jose, 2
    • 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 1994
    property image
    LEASED 02/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.28
    •  
  • 6554 Crown Blvd San Jose, 3
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1967
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,595
    • $2.25
    •  
  • 1292 Juli Lynn Dr San Jose, 4
    • 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1971
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $2.34
    •  
  • 5771 Chambertin Dr San Jose, 5
    • 3 beds 3 baths ∙ 1,874 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,874 Sqft ∙ Built 1995
    property image
    LEASED 03/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $2.29
    •  
PROPERTY LISTING DETAILS
Harry Cordiano
Flat Rate Realty
BESbswy