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7167 Martwood Way San Jose, CA 95120

4 Beds 3 Baths 2,216 sqft Built 1977

INVESTimate

$1,499,000

List Price

$4,400

$4,150 - $4,650

Rent Est.

$1,611,725  ( +7.52%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1977
  • Price/Sqft : $676.44
  • 6 Days on Market
  • MLS # : ML81807293
  • Updated Date : 08/24/2020 at 11:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,216 sqft
  • Baths : 3 full
Listing Agent

Realty World Milestone

Listing Agent's Description

Welcome to this stunning home! Inside you will find many features and upgrades for example a master bedroom retreat with a walk-in closet and a master bath with a jetted tub,shower,upgraded tile and a sun tunnel,formal entry,dining area,living room,indoor laundry,separate family room,vaulted ceilings,hardwood floors,custom banisters and hand railings,forced air heating,double pane windows,6 panel doors,plantation shutters and custom glass pocket doors between the hallway and living room. Like to cook? If so you will love the upgraded kitchen that is complete recessed lighting,custom cabinets and granite counter-tops with a tile backsplash. All of this opens up to a spacious family room with a gas fireplace. As you explore you will make your way to the back of the property where you will discover a trellis covered deck and a peaceful park like setting.This home is the perfect place for you to entertain your family and friends and is simply an irresistible way to live in Almaden Valley.

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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
 

$1,349,100$1,648,900$1,499,000

PURCHASE PRICE

$3,960$4,840$4,400

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,400
EXPENSES Loan Payment -$5,531
Property Tax -$1,637
Property Insurance -$81
Property Management Fees -$172
CASH FLOW
-$3,020

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.

$1,499,000

PROJECTED PRICE

$4,400

PROJECTED RENT

0.29%

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$402,985

INVESTMENT

$402,985

Down Payment
$374,750
Rehab Estimate
$5,750
Closing Costs
$22,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $374,750
Loan Amount $1,124,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$30

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,400

    LIST RENT
  • $1.99

    LIST RENT PER SQFT
  • $4,454

    COMP ESTIMATED VALUE
  • $2.01

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$4,4003$6,000
$6,000
RENT COMPS ANALYSIS
  • 7167 Martwood Way San Jose, 2
    • 4 beds 3 baths ∙ 2,216 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,216 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.99
    •  
  • 1260 Mountain Quail Cir San Jose, 1
    • 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 1988
    property image
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.60
    •  
  • 6845 Hampton Dr San Jose, 3
    • 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 1973
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $2.42
    •  
PROPERTY LISTING DETAILS
Jamie Pfister
Realty World Milestone
BESbswy