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745 Willow St San Jose, CA 95125

2 Beds 2 Baths 1,133 sqft Built 1926

INVESTimate

$899,990

List Price

$3,650

$3,400 - $3,900

Rent Est.

$1,002,049  ( +11.34%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1926
  • Price/Sqft : $794.34
  • 2 Days on Market
  • MLS # : ML81807730
  • Updated Date : 08/25/2020 at 16:10
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,133 sqft
  • Baths : 2 full
Listing Agent

Kw Bay Area Estates

Listing Agent's Description

Quintessential Willow Glen home with all the charm and character from the 20s & modern amenities of today! From the cozy front porch to the original hardwood floors, old world plaster walls and original vintage doors, hardware & molding. Fantastic dining room with the original built-in hutch. 2nd bathroom added on 14 years ago to create a master suite. Spacious and updated kitchen with granite slab counter, SS refrigerator (incl in sale), gas stove & dishwasher. Separate laundry area (W/D incl). Dual pane windows, ceiling fans, partial basement. Oversized 1 car detached garage, finished & ready to be used as separate living space or workshop (workbench incl). Covered porch behind the garage (possible conversion to 2nd living space? Buyer to research if desired). Entertaining backyard w/ large deck, fruit trees, new grass area & gated driveway for privacy. Great location right down the street from downtown Willow Glen/shops, restaurants, parks, easy access to hwy 280/87. Move-in ready!

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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: Atlanta Bird

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $307k1220k

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

Neighborhood: Atlanta Bird

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21400160018002000220024002600280030003200340036003800Rent in $12933804

* 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
Willow Glen Elementary School Primary Regular 803 28 5
Willow Glen Middle School Middle Regular 1,259 57 6
Willow Glen High School High Regular 1,660 75 7

Willow Glen Elementary School

  • Education Level: Primary
  • # of students: 803
  • # of teachers: 28
5
GreatSchools Rating

Willow Glen Middle School

  • Education Level: Middle
  • # of students: 1,259
  • # of teachers: 57
6
GreatSchools Rating

Willow Glen High School

  • Education Level: High
  • # of students: 1,660
  • # of teachers: 75
7
GreatSchools Rating
 

$809,991$989,989$899,990

PURCHASE PRICE

$3,285$4,015$3,650

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,650
EXPENSES Loan Payment -$3,321
Property Tax -$1,005
Property Insurance -$55
Property Management Fees -$142
CASH FLOW
-$872

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$899,990

PROJECTED PRICE

$3,650

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.84%
Appreciation Year (1-5) 11.34%
Maintenance Year (1-5) 8.00%
Vacancy 4.28%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$244,247

INVESTMENT

$244,247

Down Payment
$224,998
Rehab Estimate
$5,750
Closing Costs
$13,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,321

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,998
Loan Amount $674,993
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$12,023

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,650

    LIST RENT
  • $3.22

    LIST RENT PER SQFT
  • $4,101

    COMP ESTIMATED VALUE
  • $3.62

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,6503$4,595
$4,595
RENT COMPS ANALYSIS
  • 745 Willow St San Jose, 2
    • 2 beds 2 baths ∙ 1,133 Sqft ∙ Built 1926 2 beds 2 baths ∙ 1,133 Sqft ∙ Built 1926
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $3.22
    •  
  • 1280 Hester Ave San Jose, 1
    • 2 beds 1 baths ∙ 884 Sqft ∙ Built 1924 2 beds 1 baths ∙ 884 Sqft ∙ Built 1924
    property image
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $3.96
    •  
  • 1128 Settle Ave San Jose, 3
    • 2 beds 2 baths ∙ 1,400 Sqft ∙ Built 1939 2 beds 2 baths ∙ 1,400 Sqft ∙ Built 1939
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,595
    • $3.28
    •  
PROPERTY LISTING DETAILS
Nicki Banucci
Kw Bay Area Estates
BESbswy