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6544 Hercus Ct San Jose, CA 95119

4 Beds 3 Baths 2,256 sqft Built 1974

$1,250,000

List Price

$3,830

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $554.08
  • 3 Days on Market
  • MLS # : ML81822966
  • Updated Date : 12/12/2020 at 19:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,256 sqft
  • Baths : 2 full , 1 half
Listing Agent

Greenwell Realty

Listing Agent's Description

Semi Open House this Saturday & Sunday, December 12th & 13th, from 2:30pm to 4:30pm * Large home tucked away on a lovely cul-de-sac * 4 Bedrooms / 2.5 Bathrooms with 2,256 SF & 10,873 SF Lot * Newly remodeled 2.5 bathrooms with modern wall hung cabinetry, porcelain tile shower surround & flooring, new light fixtures, new mirrors * New carpet & pad flooring throughout front living room, stairwell & upstairs communal areas & bedrooms * Newer owned Tesla 4 KWh solar panel energy system brings electricity bill to near zero * New copper water piping including to the main water line * New Kelly Moore interior & exterior paint * Newer central heat & air conditioning/cooling * Double pane Milgard vinyl windows * Laundry is located in its own laundry room, near the garage * Upstairs loft ties in upstairs and downstairs living spaces * Ginormous backyard watered via automatic sprinkler system, perfect for sunny gardening & playing futbol

SEE MORE

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
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$3,447$4,213$3,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,830
EXPENSES Loan Payment -$4,612
Property Tax -$1,509
Property Insurance -$82
Property Management Fees -$149
CASH FLOW
-$2,522

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.

$1,250,000

PROJECTED PRICE

$3,830

PROJECTED RENT

0.31%

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-$45k-$40k-$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$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$31

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
  • $4,181

    COMP ESTIMATED VALUE
  • $1.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,8493$3,9804$4,495
$4,495
RENT COMPS ANALYSIS
  • 6544 Hercus Ct San Jose, CA 1
    • 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1974
    property image
    • 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
    property image
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,849
    • $1.71
    •  
  • 159 Venado Way San Jose, CA 3
    • 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1966
    property image
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,980
    • $1.82
    •  
  • 363 El Portal Way San Jose, CA 4
    • 5 beds 3 baths ∙ 2,215 Sqft ∙ Built 1972 5 beds 3 baths ∙ 2,215 Sqft ∙ Built 1972
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,495
    • $2.03
    •  
PROPERTY LISTING DETAILS
Darwin Greenwell
Greenwell Realty
BESbswy