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62 Decker Way San Jose, CA 95127

3 Beds 2 Baths 1,262 sqft Built 1957

$789,000

List Price

$3,100

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $625.20
  • 2 Days on Market
  • MLS # : ML81822391
  • Updated Date : 12/05/2020 at 14:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,262 sqft
  • Baths : 1 full , 1 half
Listing Agent

Next Generation Property Management & Sales Inc

Listing Agent's Description

Welcome to 62 Decker Way! Wonderful County neighborhood with large lot and tons of curb appeal. This charming three bedroom one and one half bath will be delivered in structurally great condition. Large kitchen with dining area and big backyard perfect for entertaining. Make it your own! Close to east foothills, shopping, 280/680 Alum Rock Park and 101.

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: Alum Rock

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $286k1220k

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

Neighborhood: Alum Rock

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17433804

* 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
Linda Vista Elementary School Primary Regular 594 25 6
Joseph George Middle School Middle Regular 594 32 3
James Lick High School High Magnet 1,108 48 5

Linda Vista Elementary School

  • Education Level: Primary
  • # of students: 594
  • # of teachers: 25
6
GreatSchools Rating

Joseph George Middle School

  • Education Level: Middle
  • # of students: 594
  • # of teachers: 32
3
GreatSchools Rating

James Lick High School

  • Education Level: High
  • # of students: 1,108
  • # of teachers: 48
5
GreatSchools Rating
 

$710,100$867,900$789,000

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$2,911
Property Tax -$921
Property Insurance -$58
Property Management Fees -$129
CASH FLOW
-$919

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$789,000

PROJECTED PRICE

$3,100

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.84%
Appreciation Year (1-5) 12.3%
Maintenance Year (1-5) 8.00%
Vacancy 4.28%
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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$214,835

INVESTMENT

$214,835

Down Payment
$197,250
Rehab Estimate
$5,750
Closing Costs
$11,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,911

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $197,250
Loan Amount $591,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$5,259

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,100

    LIST RENT
  • $2.46

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,100
$3,100
RENT COMPS ANALYSIS
  • 62 Decker Way San Jose, CA
    • 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1957
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.46
    •  
PROPERTY LISTING DETAILS
Terry Mcelroy
Next Generation Property Management & Sales Inc
BESbswy