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PROPERTY INFO
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!
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 95037
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$372,775
LOAN DETAILS
$5,110
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $346,250 |
| Loan Amount | $1,038,750 |
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
-
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
Compass
