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7220 Golf Course Ln San Jose, CA 95139

4 Beds 3 Baths 2,137 sqft Built 1977

$1,200,888

List Price

$3,740

$3.5K - $4K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $561.95
  • 3 Days on Market
  • MLS # : ML81823595
  • Updated Date : 12/19/2020 at 17:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,137 sqft
  • Baths : 3 full
Listing Agent

Century 21 Mm

Listing Agent's Description

You must see this Gem! Amazing Location! Beautiful and very unique home. Located across the street from Santa Teresa Golf Course. Ready to move in , 4 bedrooms, 3 baths, beautifully landscaped backyard w/ sprinkler system, French patio doors & incredible views. Neighborhood security video system, three car garage. Many upgrades were done to the property, such as new hardwood floors, newer carpet, over 100 sq.ft cubby closet/storage, metal roofing in 2010 with limited life time warranty. New stucco, fresh paint, patio stone work. All close to shopping and dining!

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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: Chantillery

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $334k1665k

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

Neighborhood: Chantillery

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $19074493

* 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
 

$1,080,799$1,320,977$1,200,888

PURCHASE PRICE

$3,366$4,114$3,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,740
EXPENSES Loan Payment -$4,431
Property Tax -$1,407
Property Insurance -$79
Property Management Fees -$146
CASH FLOW
-$2,323

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.

$1,200,888

PROJECTED PRICE

$3,740

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.2%
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$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$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$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,985

INVESTMENT

$323,985

Down Payment
$300,222
Rehab Estimate
$5,750
Closing Costs
$18,013

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,431

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $300,222
Loan Amount $900,666
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$7

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
  • $3,889

    COMP ESTIMATED VALUE
  • $1.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,895
$3,895
RENT COMPS ANALYSIS
  • 7220 Golf Course Ln San Jose, CA 1
    • 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7250 Rosencrans Way San Jose, CA 2
    • 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 1977
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $1.82
    •  
PROPERTY LISTING DETAILS
Nadia Shambo
Century 21 Mm
BESbswy