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PROPERTY INFO
FACTS
- Single Family
- Built In 1962
- Price/Sqft : $914.84
- 2 Days on Market
- MLS # : ML81820325
- Updated Date : 11/14/2020 at 10:55
CONSTRUCTION
- Beds : 4
- Floor Size : 2,184 sqft
- Baths : 3 full
Listing Agent
Compass
Listing Agent's Description
Nestled in the hills of Brisbane, this contemporary architecture home features gorgeous panoramic views of the city skyline and the bay area. This home sits on an extra wide lot and features three levels of light-filled space. PLUS! The lower level is a permitted in-law unit with a separate entry that could provide an income opportunity. The 3 bedroom, 2 bath main home includes an abundance of details include a floating wood staircase, open concept kitchen and a wood burning fireplace. The expansive sun deck right off the living room allows for a seamless flow of indoor/outdoor living. The upper level features the master bedroom & second bedroom that open to an expansive deck with spectacular panoramic views, an additional bedroom and outdoor access to the patio. The modern upstairs bathroom features a soaker tub with jets. Conveniently located just 15 minutes from SF and easy access to Hwy 101. A MUST SEE!
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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
Neighborhood: Central Brisbane
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Central Brisbane
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $3,900 |
EXPENSES | Loan Payment | -$7,372 |
Property Tax | -$1,969 | |
Property Insurance | -$62 | |
Property Management Fees | -$152 | |
CASH FLOW
-$5,656
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$1,998,000
PROJECTED PRICE
$3,900
PROJECTED RENT
0.20%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 5.00% |
Appreciation Year (1-5) | 8.3% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 5.61% |
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
$535,220
LOAN DETAILS
$7,372
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $499,500 |
Loan Amount | $1,498,500 |
-0.33
YEARS SAVED
$4,343
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
-
$3,579
COMP ESTIMATED VALUE -
$2.46
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Compass