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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $482.08
- 4 Days on Market
- MLS # : ML81825812
- Updated Date : 01/14/2021 at 14:00
CONSTRUCTION
- Beds : 2
- Floor Size : 1,367 sqft
- Baths : 2 full , 1 half
Listing Agent
Cardinalli Real Estate
Listing Agent's Description
This is a wonderful two bedroom , two and one-half bathroom, two story home in Gilroy. The two upstairs bedrooms each have a full master bathroom with a guest half bathroom downstairs. Gas Fire Place, Dual Pane windows, electric stove and range, garbage disposal, built in microwave, dishwasher and refrigerator with water and ice. Large two car garage with washer and dryer hook ups and a laundry sink. Shared common front area with a private fenced in back yard. One common wall with your neighbor, Close to shopping and highways. Available Now !
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 95020
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 95020
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,530 |
| EXPENSES | Loan Payment | -$2,289 |
| Property Tax | -$679 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$627
|
||
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.
$659,000
PROJECTED PRICE
$2,530
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 8.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.19% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$180,385
LOAN DETAILS
$2,289
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $164,750 |
| Loan Amount | $494,250 |
1.58
YEARS SAVED
$6,992
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,530
LIST RENT -
$1.85
LIST RENT PER SQFT
-
$2,269
COMP ESTIMATED VALUE -
$1.66
COMP AVG. RENT PER SQFT
Comps Range
-
7681 Church St B Gilroy, CA 2
- 2 beds 3 baths ∙ 1,367 Sqft ∙ Built 1991 2 beds 3 baths ∙ 1,367 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $2,530
- $1.85
-
8266 Gaunt Ave 1-2 Gilroy, CA 1
- 2 beds 2 baths ∙ 1,265 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,265 Sqft ∙ Built 1983
LEASED 01/17/20- Rent
- Rent Per SQFT
- $2,100
- $1.66
PROPERTY LISTING DETAILS
Cardinalli Real Estate
