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664 Calle Siena Morgan Hill, CA 95037

5 Beds 4 Baths 3,197 sqft Built 2006

$1,385,000

List Price

$4,700

$4.5K - $5K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $433.22
  • 3 Days on Market
  • MLS # : ML81820236
  • Updated Date : 11/14/2020 at 12:55
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,197 sqft
  • Baths : 4 full
Listing Agent

Compass

Listing Agent's Description

Welcome Home to 664 Calle Siena an amazing home with the most perfect floor plan. Walk in and fall in love with this light and bright home. This 2 story home is well laid out with ample space for living, working, learning and playing. The home features a Spacious kitchen with a large island, stainless steel Wolf gas range, double oven, built-in refrigerator and pantry. Additional features include: downstairs bedroom and full bathroom, large Kitchen/family room combo, separate living and dining room, upstairs loft with built-in desk, upstairs laundry room and much more!. The 4 bedrooms upstairs have their own bathrooms one is a jack and Jill bathroom. The backyard has a pool/spa and patio area, there is plenty of room to entertain friends and family. Excellent neighborhood with a park and close to downtown Morgan Hill restaurants and shopping. There's something for everyone! Ideal location for highway or public transportation access. Hike & bike at nearby trails!

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

Zip Code: 95037

ZipNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1220k

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

Zip Code: 95037

ZipNIR 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
El Toro Elementary School Primary Regular 475 18 3
Martin Murphy Middle School Middle Regular 479 20 6
Ann Sobrato High School High Regular 1,451 62 8

El Toro Elementary School

  • Education Level: Primary
  • # of students: 475
  • # of teachers: 18
3
GreatSchools Rating

Martin Murphy Middle School

  • Education Level: Middle
  • # of students: 479
  • # of teachers: 20
6
GreatSchools Rating

Ann Sobrato High School

  • Education Level: High
  • # of students: 1,451
  • # of teachers: 62
8
GreatSchools Rating
 

$1,246,500$1,523,500$1,385,000

PURCHASE PRICE

$4,230$5,170$4,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,700
EXPENSES Loan Payment -$5,110
Property Tax -$1,386
Property Insurance -$104
HOA -$90
Property Management Fees -$183
CASH FLOW
-$2,173

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.

$1,385,000

PROJECTED PRICE

$4,700

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.6%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$372,775

INVESTMENT

$372,775

Down Payment
$346,250
Rehab Estimate
$5,750
Closing Costs
$20,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$5,110

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $346,250
Loan Amount $1,038,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$385

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,700

    LIST RENT
  • $1.47

    LIST RENT PER SQFT
  • $4,636

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$4,399
1$4,3992$4,700
$4,700
RENT COMPS ANALYSIS
  • 664 Calle Siena Morgan Hill, CA 2
    • 5 beds 4 baths ∙ 3,197 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,197 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.47
    •  
  • 1680 Martinez Way Morgan Hill, CA 1
    • 4 beds 3 baths ∙ 3,040 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,040 Sqft ∙ Built 2014
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,399
    • $1.45
    •  
PROPERTY LISTING DETAILS
Van Dahlen Dunne Group
Compass
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