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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $617.95
- 7 Days on Market
- MLS # : ML81822587
- Updated Date : 12/11/2020 at 06:07
CONSTRUCTION
- Beds : 4
- Floor Size : 2,039 sqft
- Baths : 3 full
Listing Agent
Century 21 Real Estate Alliance Inc
Listing Agent's Description
This contemporary single family, 4 bedrooms, 3 bath home features 8000+ lot size, a downstairs bedroom and NO HOA! Freshly painted exterior draws you into an elegant, open floor plan, living room with formal entry, dual staircase, vaulted ceilings, premium wood laminate flooring, Corian countertop, backsplash and cabinets with lots of storage. Relax in the family room with a gas fireplace, or enjoy outdoors on the patio in the large, newly landscaped backyard. Upstairs, enter a spacious master bedroom suite with walk-in closet, dual vanities, spa tub and separate shower. Three additional bedrooms will accommodate your growing family or guests. This California Grove home is walking distance to a public library, Kaiser Hospital, Oak Village shopping center, private/public schools, and grocery stores. Target, Costco and Westfield Mall is a short drive away. Your family will surely love nearby Miyuki Park with its baseball/cricket field, tennis and basketball court plus a dog park.
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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: Rancho Santa Teresa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho Santa Teresa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,640 |
| EXPENSES | Loan Payment | -$4,649 |
| Property Tax | -$1,520 | |
| Property Insurance | -$76 | |
| Property Management Fees | -$142 | |
|
CASH FLOW
-$2,748
|
||
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.
$1,260,000
PROJECTED PRICE
$3,640
PROJECTED RENT
0.29%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 10.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.19% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$339,650
LOAN DETAILS
$4,649
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $315,000 |
| Loan Amount | $945,000 |
-0.17
YEARS SAVED
-$76
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
-
$3,487
COMP ESTIMATED VALUE -
$1.71
COMP AVG. RENT PER SQFT
Comps Range
-
6145 Yeadon Way San Jose, CA 1
- 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $0
- $0.00
-
467 Curie Dr San Jose, CA 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
PROPERTY LISTING DETAILS
Century 21 Real Estate Alliance Inc
