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

6698 Heathfield Dr San Jose, CA 95120

5 Beds 3 Baths 2,585 sqft Built 1969

$1,775,000

List Price

$4,670

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1969
  • Price/Sqft : $686.65
  • 5 Days on Market
  • MLS # : ML81818757
  • Updated Date : 11/06/2020 at 10:08
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,585 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Have it all! Beautiful, much loved home with an ideal location in one of the most popular family neighborhoods of Almaden Valley. First time on the market, this charming Shadowbrook home shows real pride of ownership, attention to detail, and loving care. Newer roof, dual pane windows, interior doors, and hardwood flooring. Often requested floor plan with one bedroom and full bath located downstairs. Spacious living room and dining room, four additional bedrooms upstairs with an extremely spacious master suite. Welcoming large private and peaceful backyard with attractive portico, brick patio, vegetable garden, and artist/hobby studio. Nearby swim club with pool, swim team, and activities your family will love. Walking distance to walking trails, parks, and outstanding neighborhood schools: Graystone Elementary, Bret Harte Middle and Leland High. Its truly a gem!

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: Shadow Brook

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: Shadow Brook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $19074493

* 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
Graystone Elementary School Primary Regular 687 25 8
Bret Harte Middle School Middle Regular 1,215 52 8
Leland High School High Regular 1,784 71 9

Graystone Elementary School

  • Education Level: Primary
  • # of students: 687
  • # of teachers: 25
8
GreatSchools Rating

Bret Harte Middle School

  • Education Level: Middle
  • # of students: 1,215
  • # of teachers: 52
8
GreatSchools Rating

Leland High School

  • Education Level: High
  • # of students: 1,784
  • # of teachers: 71
9
GreatSchools Rating
 

$1,597,500$1,952,500$1,775,000

PURCHASE PRICE

$4,203$5,137$4,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,670
EXPENSES Loan Payment -$6,549
Property Tax -$1,982
Property Insurance -$89
HOA -$55
Property Management Fees -$182
CASH FLOW
-$4,188

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.

$1,775,000

PROJECTED PRICE

$4,670

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
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$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$70k-$60k-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$476,125

INVESTMENT

$476,125

Down Payment
$443,750
Rehab Estimate
$5,750
Closing Costs
$26,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$6,549

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $443,750
Loan Amount $1,331,250
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$201

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
  • $5,213

    COMP ESTIMATED VALUE
  • $2.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,1503$4,9954$6,000
$6,000
RENT COMPS ANALYSIS
  • 6698 Heathfield Dr San Jose, CA 1
    • 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6468 Hirabayashi Dr San Jose, CA 2
    • 4 beds 3 baths ∙ 2,383 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,383 Sqft ∙ Built 1989
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $1.74
    •  
  • 6641 Barnsdale Ct San Jose, CA 3
    • 5 beds 3 baths ∙ 2,649 Sqft ∙ Built 1978 5 beds 3 baths ∙ 2,649 Sqft ∙ Built 1978
    property image
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,995
    • $1.89
    •  
  • 6845 Hampton Dr San Jose, CA 4
    • 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 1973
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $2.42
    •  
PROPERTY LISTING DETAILS
Yost Group
Coldwell Banker Realty
BESbswy