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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $562.89
- 4 Days on Market
- MLS # : BE40930901
- Updated Date : 12/03/2020 at 09:43
CONSTRUCTION
- Beds : 3
- Floor Size : 1,773 sqft
- Baths : 2 full , 1 half
Listing Agent
Alex Cyriac, Re Broker
Listing Agent's Description
Gorgeous Blossom Valley newly remodeled home. Bright open floor plan with soaring ceiling. LED recessed lights in every room create an open & bright atmosphere .Beautiful upgraded kitchen has granite counter tops, custom cherry cabinets and all new stainless steel GE appliances , Electric Range/Stove, Dishwasher, Refrigerator and Microwave. New waterproof Laminated 1st floor. Stairs and 2nd floor new upgraded carpeting. All bathrooms remodeled with Cabinets and granite counter and sinks. Wi-Fi implemented garage door. Move-in ready. Close to schools, shopping and public transportation.
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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: Deer Run
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Deer Run
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,530 |
| EXPENSES | Loan Payment | -$3,682 |
| Property Tax | -$1,205 | |
| Property Insurance | -$70 | |
| HOA | -$95 | |
| Property Management Fees | -$138 | |
|
CASH FLOW
-$1,660
|
||
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.
$998,000
PROJECTED PRICE
$3,530
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 10.2% |
| 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
$270,220
LOAN DETAILS
$3,682
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $249,500 |
| Loan Amount | $748,500 |
0.08
YEARS SAVED
$83
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,530
LIST RENT -
$1.99
LIST RENT PER SQFT
-
$3,771
COMP ESTIMATED VALUE -
$2.13
COMP AVG. RENT PER SQFT
Comps Range
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69 Mill Stone Ln San Jose, CA 3
- 3 beds 3 baths ∙ 1,773 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,773 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $3,530
- $1.99
-
478 Verano Ct San Jose, CA 1
- 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 1989
LEASED 06/22/20- Rent
- Rent Per SQFT
- $3,250
- $1.94
-
240 Branham Ln San Jose, CA 2
- 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1976
LEASED 02/24/20- Rent
- Rent Per SQFT
- $3,495
- $2.27
-
5894 Paddon Cir San Jose, CA 4
- 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 1972
LEASED 09/01/20- Rent
- Rent Per SQFT
- $4,000
- $2.17
PROPERTY LISTING DETAILS
Alex Cyriac, Re Broker
