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793 N 20th St San Jose, CA 95112

3 Beds 2 Baths 1,374 sqft Built 1959

$988,000

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1959
  • Price/Sqft : $719.07
  • 3 Days on Market
  • MLS # : ML81819299
  • Updated Date : 11/06/2020 at 21:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,374 sqft
  • Baths : 2 full
Listing Agent

Kw Santa Clara Valley Inc

Listing Agent's Description

This is an original one owner Mid-Century Beauty, Ranch Style, Single Family Residence meticulously maintained with a beautifully landscaped front yard. This home has 3 Bedrooms, 2 Full Bathrooms, (1Master Bedroom and Master Bathroom, the other 2 bedrooms are exceptionally large). 1,374 Sq ft living space, sits on a 5,426 Sq Ft Lot. Newly painted interior, All-New Contemporary Light Fixtures, Updated Kitchen, with Beautiful Granite Counter Tops with New Light Fixtures and sparkling hardwood floors throughout. The dining room area has a separate A/C wall unit, Large Family Room with a cozy fireplace which is great for family and guest gatherings. Abundant storage space in this Large 2-car garage. Enjoy the large patio awning, which is great for BBQs in the backyard or, for just relaxing after a long day! Many amenities close by such as Japan town, Downtown San Jose, Watson Park, a variety of restaurants, and much more. Conveniently located with EZ Access to Hwy 101 and 880.

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: East Northside

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $307k1220k

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

Neighborhood: East Northside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21400160018002000220024002600280030003200340036003800Rent in $12063804

* 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
Bachrodt Elementary School Primary Magnet 700 35 3
Burnett Middle School Middle Magnet 877 45 3
San Jose High Academy High Magnet 1,034 51 4

Bachrodt Elementary School

  • Education Level: Primary
  • # of students: 700
  • # of teachers: 35
3
GreatSchools Rating

Burnett Middle School

  • Education Level: Middle
  • # of students: 877
  • # of teachers: 45
3
GreatSchools Rating

San Jose High Academy

  • Education Level: High
  • # of students: 1,034
  • # of teachers: 51
4
GreatSchools Rating
 

$889,200$1,086,800$988,000

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$3,645
Property Tax -$1,103
Property Insurance -$60
Property Management Fees -$129
CASH FLOW
-$1,648

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.

$988,000

PROJECTED PRICE

$3,290

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.84%
Appreciation Year (1-5) 13.6%
Maintenance Year (1-5) 8.00%
Vacancy 4.28%
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

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$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$267,570

INVESTMENT

$267,570

Down Payment
$247,000
Rehab Estimate
$5,750
Closing Costs
$14,820

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,645

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $247,000
Loan Amount $741,000
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$118

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
  • $3,307

    COMP ESTIMATED VALUE
  • $2.41

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7503$3,2494$3,500
$3,500
RENT COMPS ANALYSIS
  • 793 N 20th St San Jose, CA 1
    • 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2125 Amstel Court San Jose, CA 2
    • 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 1976
    property image
    LEASED 07/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.33
    •  
  • 130 Ferrari Ave San Jose, CA 3
    • 4 beds 2 baths ∙ 1,316 Sqft ∙ Built 1948 4 beds 2 baths ∙ 1,316 Sqft ∙ Built 1948
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,249
    • $2.47
    •  
  • 522 N 20th St San Jose, CA 4
    • 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1950
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.42
    •  
PROPERTY LISTING DETAILS
Harvey Young
Kw Santa Clara Valley Inc
BESbswy