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7152 Sharon Pl San Jose, CA 95129

4 Beds 4 Baths 2,011 sqft Built 2020

$1,999,998

List Price

$3,620

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $994.53
  • 5 Days on Market
  • MLS # : ML81824773
  • Updated Date : 01/06/2021 at 12:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,011 sqft
  • Baths : 3 full , 1 half
Listing Agent

Century 21 Mm

Listing Agent's Description

MODERN EXECUTIVE HOMES IN THE COVETED LYNBROOK HIGH AREA. COMMUNITY OF 6 HOMES. ONE ALREADY SOLD. HIGH QUALITY CONSTRUCTION. GREEN HOMES WITH HIGH CEILING, FULL SIZE ATTIC (NOT INCLUDED IN SQFT), OPENS TO ROOFTOP TERRACE. ENERGY EFFICIENT WITH LED LIGHTS, INSULATED WALLS, DUAL PANE WINDOWS, ETC. INSIDE LAUNDRY IN SECOND FLOOR. OVERSIZED 2 PEOPLE MASTER BATH SHOWER WITH SIT-IN BENCH. DESIGNER KITCHEN, BATH AND FIXTURES. TOO MANY COOL FEATURES TO LIST.

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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: Brookvale - Chantel

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $372k1665k

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

Neighborhood: Brookvale - Chantel

NeighborhoodNIR Market*CityMarket2010Year20002019 Q220002500300035004000450050005500Rent in $19075512

* 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
Blue Hills Elementary School Primary Regular 438 20 9
Joaquin Miller Middle School Middle Regular 1,328 58 9
Lynbrook High School High Regular 1,853 77 10

Blue Hills Elementary School

  • Education Level: Primary
  • # of students: 438
  • # of teachers: 20
9
GreatSchools Rating

Joaquin Miller Middle School

  • Education Level: Middle
  • # of students: 1,328
  • # of teachers: 58
9
GreatSchools Rating

Lynbrook High School

  • Education Level: High
  • # of students: 1,853
  • # of teachers: 77
10
GreatSchools Rating
 

$1,799,998$2,199,998$1,999,998

PURCHASE PRICE

$3,258$3,982$3,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,620
EXPENSES Loan Payment -$6,947
Property Tax -$2,253
Property Insurance -$76
HOA -$35
Property Management Fees -$141
CASH FLOW
-$5,831

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$1,999,998

PROJECTED PRICE

$3,620

PROJECTED RENT

0.18%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.9%
Maintenance Year (1-5) 3.00%
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$6.0M$7.0M$8.0M

PROJECTED ANNUAL CASH FLOW

11530-$90k-$80k-$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$6.0M$7.0M$8.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$531,999

INVESTMENT

$531,999

Down Payment
$500,000
Rehab Estimate
$2,000
Closing Costs
$30,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,947

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $500,000
Loan Amount $1,499,999
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$12,443

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,620

    LIST RENT
  • $1.8

    LIST RENT PER SQFT
  • $4,800

    COMP ESTIMATED VALUE
  • $2.39

    COMP AVG. RENT PER SQFT
Comps Range
$3,620
1$3,6202$4,2003$4,3984$4,650
$4,650
RENT COMPS ANALYSIS
  • 7152 Sharon Pl San Jose, CA 1
    • 4 beds 4 baths ∙ 2,011 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,011 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $3,620
    • $1.80
    •  
  • 1537 Hummingbird Pl San Jose, CA 2
    • 3 beds 4 baths ∙ 1,743 Sqft ∙ Built 2010 3 beds 4 baths ∙ 1,743 Sqft ∙ Built 2010
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.41
    •  
  • 1256 Water Lily Way San Jose, CA 3
    • 4 beds 3 baths ∙ 1,811 Sqft ∙ Built 2010 4 beds 3 baths ∙ 1,811 Sqft ∙ Built 2010
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,398
    • $2.43
    •  
  • 20600 Murano Cir Cupertino, CA 4
    • 4 beds 4 baths ∙ 2,003 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,003 Sqft ∙ Built 2005
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,650
    • $2.32
    •  
PROPERTY LISTING DETAILS
Viji Mani
Century 21 Mm
BESbswy