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6145 Yeadon Way San Jose, CA 95119

4 Beds 3 Baths 2,039 sqft Built 1996

$1,260,000

List Price

$3,640

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

December 07, 2020 RECENTLY ADDED
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

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1220k

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

Neighborhood: Rancho Santa Teresa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17853804

* 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
Santa Teresa Elementary School Primary Regular 646 24 7
Bernal Intermediate School Middle Regular 807 36 7
Santa Teresa High School High Magnet 2,306 89 9

Santa Teresa Elementary School

  • Education Level: Primary
  • # of students: 646
  • # of teachers: 24
7
GreatSchools Rating

Bernal Intermediate School

  • Education Level: Middle
  • # of students: 807
  • # of teachers: 36
7
GreatSchools Rating

Santa Teresa High School

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

$1,134,000$1,386,000$1,260,000

PURCHASE PRICE

$3,276$4,004$3,640

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$339,650

INVESTMENT

$339,650

Down Payment
$315,000
Rehab Estimate
$5,750
Closing Costs
$18,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,649

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $315,000
Loan Amount $945,000
See What Happens When You Reinvest Cash Flow

-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
$0
1$02$3,849
$3,849
RENT COMPS ANALYSIS
  • 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
Geeta Phadte
Century 21 Real Estate Alliance Inc
BESbswy