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7181 Avenida Rotella San Jose, CA 95139

4 Beds 2 Baths 1,494 sqft Built 1975

$999,000

List Price

$3,420

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $668.67
  • 3 Days on Market
  • MLS # : ML81821326
  • Updated Date : 11/28/2020 at 10:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,494 sqft
  • Baths : 2 full
Listing Agent

Realty World Milestone

Listing Agent's Description

Anyone would be proud to call this tranquil home their very own with its modern entry door, gorgeous Brazilian cherry hardwood floors, recessed lighting, wood-burning fireplace, light-filled spaces, and crown molding, and more. Ready for the passionate cook is the gourmet kitchen with granite countertops, custom center island, Viking range, wine fridge, and subway tile backsplash. The bedrooms are all just right in size and comfortable while the long list of extra features is extensive and includes a whole-house water filtration system, forced air heating, double-pane windows, and six-panel interior doors. Outside in the park-like backyard, you're treated to a patio and Cal Spa swim/spa, and a relaxing pond with a fountain that ensures a picturesque and calming feel. This distinctive home is perfectly positioned close to shopping, parks, hiking and biking trails, and quality schools. Come grab your chance to make this prized, updated home your own before it's gone for good!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Los Paseos

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $362k1665k

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

Neighborhood: Los Paseos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800400042004400Rent in $17254493

* 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
Los Paseos Elementary School Primary Regular 586 25 5
Martin Murphy Middle School Middle Regular 479 20 6
Ann Sobrato High School High Regular 1,451 62 8

Los Paseos Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 25
5
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
 

$899,100$1,098,900$999,000

PURCHASE PRICE

$3,078$3,762$3,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,420
EXPENSES Loan Payment -$3,686
Property Tax -$1,171
Property Insurance -$63
Property Management Fees -$133
CASH FLOW
-$1,633

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.

$999,000

PROJECTED PRICE

$3,420

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
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

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,485

INVESTMENT

$270,485

Down Payment
$249,750
Rehab Estimate
$5,750
Closing Costs
$14,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,686

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,750
Loan Amount $749,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$125

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
  • $3,093

    COMP ESTIMATED VALUE
  • $2.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1003$3,1954$3,250
$3,250
RENT COMPS ANALYSIS
  • 7181 Avenida Rotella San Jose, CA 1
    • 4 beds 2 baths ∙ 1,494 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,494 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 48 Cheltenham Way San Jose, CA 2
    • 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1972
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.13
    •  
  • 195 Fairway Glen Ln San Jose, CA 3
    • 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1971 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1971
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.93
    •  
  • 7320 Phinney Way San Jose, CA 4
    • 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1972
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.15
    •  
PROPERTY LISTING DETAILS
Jamie Pfister
Realty World Milestone
BESbswy