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671 Willow Glen Way San Jose, CA 95125

3 Beds 2 Baths 1,399 sqft Built 1938

$1,349,950

List Price

$3,440

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1938
  • Price/Sqft : $964.94
  • 2 Days on Market
  • MLS # : ML81819506
  • Updated Date : 11/14/2020 at 16:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,399 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

One of Willow Glen's most desirable streets, Willow Glen Way is the name sake of this special community. Featuring 3 Bedrooms, 2 Baths, Master Suite, Walk-in closet 1400 sq. ft. 8500 sq. ft. lot., Refinished hardwood floors. Remodeled gourmet kitchen, Remodeled baths. Huge backyard for Entertaining, Play, Gardening or Relaxing. Lots of room for storage. Close to Downtown Willow Glen's Famous Lincoln Avenue for Dining, Entertainment and Shopping. Close to Schools and Parks, Easy access to 87/280/17 and public transportation. Come see this beautifully maintained home before it is GONE!!

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: Willow Glen

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: Willow Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800400042004400Rent in $17044573

* 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
Hammer Montessori At Galarza Elementary School Primary Regular 326 11 8
Willow Glen Middle School Middle Regular 1,259 57 6
Willow Glen High School High Regular 1,660 75 7

Hammer Montessori At Galarza Elementary School

  • Education Level: Primary
  • # of students: 326
  • # of teachers: 11
8
GreatSchools Rating

Willow Glen Middle School

  • Education Level: Middle
  • # of students: 1,259
  • # of teachers: 57
6
GreatSchools Rating

Willow Glen High School

  • Education Level: High
  • # of students: 1,660
  • # of teachers: 75
7
GreatSchools Rating
 

$1,214,955$1,484,945$1,349,950

PURCHASE PRICE

$3,096$3,784$3,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,440
EXPENSES Loan Payment -$4,981
Property Tax -$1,507
Property Insurance -$61
Property Management Fees -$134
CASH FLOW
-$3,243

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.

$1,349,950

PROJECTED PRICE

$3,440

PROJECTED RENT

0.25%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.0%
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-$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$363,487

INVESTMENT

$363,487

Down Payment
$337,488
Rehab Estimate
$5,750
Closing Costs
$20,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,981

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $337,488
Loan Amount $1,012,463
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$165

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,440

    LIST RENT
  • $2.46

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$3,440
1$3,440
$3,440
RENT COMPS ANALYSIS
  • 671 Willow Glen Way San Jose, CA
    • 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 1938 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 1938
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,440
    • $2.46
    •  
PROPERTY LISTING DETAILS
Mike Gaines
Compass
BESbswy