Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6495 Applegate Ct San Jose, CA 95119

4 Beds 2 Baths 1,408 sqft Built 1970

$1,089,000

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $773.44
  • 5 Days on Market
  • MLS # : ML81825625
  • Updated Date : 01/16/2021 at 19:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,408 sqft
  • Baths : 2 full
Listing Agent

Stanford Professional Realty Inc

Listing Agent's Description

Excellent Schools! Located in the highly sought after Rancho Santa Teresa neighborhood, nested along the Santa Teresa foothills in the quiet cul-de-sac, this stunning 4 bedrooms home has a great open floor plan with lovely finishes. High ceilings, spacious living room and huge kitchen. Updated floor and updated kitchen with granite counters & stainless appliances. Updated modern bathrooms and dual pane windows. Newer roof, copper plumbing, solar panels, water softer, AC unit and more. Bright master bedroom with private side yard. Large lot with generous back yard and side yards, great for entertaining and playing in style. Close to schools, shopping, hiking trail, Golf club, Swim/Racquet club and Kaiser Hospital. Easy access to Hwy 85/101.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$980,100$1,197,900$1,089,000

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$3,783
Property Tax -$1,315
Property Insurance -$61
Property Management Fees -$129
CASH FLOW
-$2,037

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.

$1,089,000

PROJECTED PRICE

$3,250

PROJECTED RENT

0.30%

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

PROJECTED ANNUAL CASH FLOW

11530-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$294,335

INVESTMENT

$294,335

Down Payment
$272,250
Rehab Estimate
$5,750
Closing Costs
$16,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$3,783

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $272,250
Loan Amount $816,750
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$18

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
  • $3,238

    COMP ESTIMATED VALUE
  • $2.3

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2503$3,5004$3,5005$3,600
$3,600
RENT COMPS ANALYSIS
  • 6495 Applegate Ct San Jose, CA 1
    • 4 beds 2 baths ∙ 1,408 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,408 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7320 Phinney Way San Jose, CA 2
    • 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1972
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.15
    •  
  • 6349 Cottle Rd San Jose, CA 3
    • 4 beds 2 baths ∙ 1,412 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,412 Sqft ∙ Built 1971
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.48
    •  
  • 283 Dondero Way San Jose, CA 4
    • 4 beds 2 baths ∙ 1,516 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,516 Sqft ∙ Built 1970
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.31
    •  
  • 428 Sautner Dr San Jose, CA 5
    • 4 beds 2 baths ∙ 1,595 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,595 Sqft ∙ Built 1968
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.26
    •  
PROPERTY LISTING DETAILS
Frank Ruan
Stanford Professional Realty Inc
BESbswy