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697 Juliann Way Morgan Hill, CA 95037

4 Beds 4 Baths 2,344 sqft Built 2016

$1,288,800

List Price

$4,140

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $549.83
  • 3 Days on Market
  • MLS # : ML81823073
  • Updated Date : 12/12/2020 at 01:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,344 sqft
  • Baths : 3 full , 1 half
Listing Agent

Waseem Rabih Re Services

Listing Agent's Description

Gorgeous, Like-new cozy home - an open floor plan. a home that speaks to your heart as soon as you walk in. Build in 2016 by Vandale. 4 Bedrooms and 3.5 bath with all the space and amenities you can ask for. A must-see Spanish style single story home. Perfect for all seasons family and friends gatherings. Check out the vitual tour along with a drone tour that will make you love the quite, classy neighborhood that is in close proximity to all what you need in the heart of Morgan Hill. Great schools near by, one of the finest, friendliest and cleanest neighborhoods in Morgan Hill. Few feet a way from a family community park. This home will not last on the market, Make it your home NOW. :-)

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

Zip Code: 95037

ZipNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1220k

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

Zip Code: 95037

ZipNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17853804

* 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
El Toro Elementary School Primary Regular 475 18 3
Martin Murphy Middle School Middle Regular 479 20 6
Ann Sobrato High School High Regular 1,451 62 8

El Toro Elementary School

  • Education Level: Primary
  • # of students: 475
  • # of teachers: 18
3
GreatSchools Rating

Martin Murphy Middle School

  • Education Level: Middle
  • # of students: 479
  • # of teachers: 20
6
GreatSchools Rating

Ann Sobrato High School

  • Education Level: High
  • # of students: 1,451
  • # of teachers: 62
8
GreatSchools Rating
 

$1,159,920$1,417,680$1,288,800

PURCHASE PRICE

$3,726$4,554$4,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,140
EXPENSES Loan Payment -$4,755
Property Tax -$1,304
Property Insurance -$84
HOA -$97
Property Management Fees -$161
CASH FLOW
-$2,262

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.

$1,288,800

PROJECTED PRICE

$4,140

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$347,282

INVESTMENT

$347,282

Down Payment
$322,200
Rehab Estimate
$5,750
Closing Costs
$19,332

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,755

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $322,200
Loan Amount $966,600
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$79

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,140

    LIST RENT
  • $1.77

    LIST RENT PER SQFT
  • $4,446

    COMP ESTIMATED VALUE
  • $1.9

    COMP AVG. RENT PER SQFT
Comps Range
$4,000
1$4,0002$4,0503$4,1404$4,350
$4,350
RENT COMPS ANALYSIS
  • 697 Juliann Way Morgan Hill, CA 3
    • 4 beds 4 baths ∙ 2,344 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,344 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,140
    • $1.77
    •  
  • 17825 Calle Hermosa Morgan Hill, CA 1
    • 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 2005
    property image
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.97
    •  
  • 624 Calle Siena Morgan Hill, CA 2
    • 5 beds 3 baths ∙ 2,467 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,467 Sqft ∙ Built 2018
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,050
    • $1.64
    •  
  • 15770 Piazza Way Morgan Hill, CA 4
    • 4 beds 3 baths ∙ 2,090 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,090 Sqft ∙ Built 2014
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $2.08
    •  
PROPERTY LISTING DETAILS
Waseem Rabih
Waseem Rabih Re Services
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