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754 Pelleas Ln San Jose, CA 95127

5 Beds 3 Baths 2,389 sqft Built 1973

$1,298,888

List Price

$4,130

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $543.70
  • 3 Days on Market
  • MLS # : ML81821087
  • Updated Date : 11/20/2020 at 21:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,389 sqft
  • Baths : 3 full
Listing Agent

Exp Realty Of California Inc.

Listing Agent's Description

Welcome to sunny San Jose! The 5 bedroom, 3 bath home is located on a picturesque street and has wonderful curb appeal. It has a sizeable front lawn and spacious driveway leading to the 2 car garage. Upon entering, you are greeted with an open concept floor plan that is lined with hardwood floors and adorned with vaulted ceilings. The bright and open kitchen features immaculate tile countertops, an ample amount of cabinet space, and pristine stainless steel appliances! As you make your way throughout the home you'll find the spacious bedrooms and bathrooms. Some of them can even be converted into at home offices or gyms! The master bedroom is also showcased by its vaulted ceiling and tranquil ensuite bath. When you feel like venturing outside you can first look no further than the backyard. It has a lovely gardening area where you may discover your inner landscape designer. It also has a fantastic covered patio that can be the center of entertainment or relaxation for you and guests.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Jose metro has 67.6% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Cimarron

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1220k

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

Neighborhood: Cimarron

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17853937

* 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
Toyon Elementary School Primary Regular 321 15 1
Piedmont Middle School Middle Regular 875 33 6
Piedmont Hills High School High Magnet 2,215 89 9

Toyon Elementary School

  • Education Level: Primary
  • # of students: 321
  • # of teachers: 15
1
GreatSchools Rating

Piedmont Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 33
6
GreatSchools Rating

Piedmont Hills High School

  • Education Level: High
  • # of students: 2,215
  • # of teachers: 89
9
GreatSchools Rating
 

$1,168,999$1,428,777$1,298,888

PURCHASE PRICE

$3,717$4,543$4,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,130
EXPENSES Loan Payment -$4,792
Property Tax -$1,518
Property Insurance -$85
Property Management Fees -$161
CASH FLOW
-$2,426

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.

$1,298,888

PROJECTED PRICE

$4,130

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
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

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$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$349,955

INVESTMENT

$349,955

Down Payment
$324,722
Rehab Estimate
$5,750
Closing Costs
$19,483

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,792

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $324,722
Loan Amount $974,166
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$28

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
  • $4,173

    COMP ESTIMATED VALUE
  • $1.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,0503$4,2004$4,200
$4,200
RENT COMPS ANALYSIS
  • 754 Pelleas Ln San Jose, CA 1
    • 5 beds 3 baths ∙ 2,389 Sqft ∙ Built 1973 5 beds 3 baths ∙ 2,389 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2742 Mignon Dr San Jose, CA 2
    • 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 1972
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,050
    • $1.72
    •  
  • 1999 Cape Horn Dr San Jose, CA 3
    • 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1979
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.86
    •  
  • 837 Cape Trinity Pl San Jose, CA 4
    • 5 beds 3 baths ∙ 2,533 Sqft ∙ Built 1979 5 beds 3 baths ∙ 2,533 Sqft ∙ Built 1979
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.66
    •  
PROPERTY LISTING DETAILS
Allan Lorenzo
Exp Realty Of California Inc.
BESbswy