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682 Briar Ranch Ln San Jose, CA 95120

4 Beds 3 Baths 2,806 sqft Built 1989

INVESTimate

$1,625,000

List Price

$5,000

$4,750 - $5,250

Rent Est.

$1,747,200  ( +7.52%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $579.12
  • 5 Days on Market
  • MLS # : ML81807354
  • Updated Date : 08/25/2020 at 16:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,806 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

Welcome to Briar Ranch Lane- a quiet quintessential tree lined street in Almaden Valley. This classic sophisticated home has a traditional floor plan with high ceilings throughout and lots of windows & skylights providing an open feeling with lots of natural light. New interior paint throughout the home, beautiful hardwood floors, A/C, newer appliances and a ground floor bedroom and bathroom are a few of the highlights here. The kitchen/ family room great room lead out to the lovely back yard complete with deck and trellis perfect for entertaining or relaxing after a long day. The generously sized master bedroom suite will delight all with its abundant space, luxury and dual walk in closets. Award winning schools: Graystone, Bret Harte, and Leland High are all nearby. Convenient location near parks, shopping and freeway access make this desirable home a must see!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Mountain Shadows

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1683k

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

Neighborhood: Mountain Shadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q220002200240026002800300032003400360038004000420044004600Rent in $19074653

* 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
 

$1,462,500$1,787,500$1,625,000

PURCHASE PRICE

$4,500$5,500$5,000

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,000
EXPENSES Loan Payment -$5,996
Property Tax -$1,775
Property Insurance -$95
Property Management Fees -$195
CASH FLOW
-$3,060

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.

$1,625,000

PROJECTED PRICE

$5,000

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.52%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$436,375

INVESTMENT

$436,375

Down Payment
$406,250
Rehab Estimate
$5,750
Closing Costs
$24,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $406,250
Loan Amount $1,218,750
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$22

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
  • $6,005

    COMP ESTIMATED VALUE
  • $2.14

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,2003$6,000
$6,000
RENT COMPS ANALYSIS
  • 682 Briar Ranch Ln San Jose, 1
    • 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1196 Nikette Way San Jose, 2
    • 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 1978 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 1978
    LEASED 04/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,200
    • $1.86
    •  
  • 6845 Hampton Dr San Jose, 3
    • 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 1973
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $2.42
    •  
PROPERTY LISTING DETAILS
Andrea Schultz
Compass
BESbswy