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8236 Claret Ct San Jose, CA 95135

3 Beds 2 Baths 2,001 sqft Built 1979

INVESTimate

$1,049,000

List Price

$3,770

$3,520 - $4,020

Rent Est.

$1,165,019  ( +11.06%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $524.24
  • 6 Days on Market
  • MLS # : ML81807337
  • Updated Date : 08/23/2020 at 21:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,001 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Once in a lifetime opportunity! Incredible single family home located on the 14th Fairway with amazing golf course and foothill views in the fabulous Villages Adult Community-one resident must be 55 or older. This beautiful home has a remodeled Master Bathroom, updated kitchen, hardwood floors and located on a quiet cul de sac. The third bedroom is currently used as a home office or den, private courtyard entry, established landscaping and all the amenities the Villages offer; gated entry, bocce, tennis, golf, acres of open space, community gardens, hiking, walking and yes-the most incredible sunsets and privacy. Live the California Dream!

SEE MORE

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: The Villages

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $340k1220k

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

Neighborhood: The Villages

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2180020002200240026002800300032003400360038004000Rent in $17854030

* 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
Silver Oak Elementary School Primary Regular 687 26 9
Chaboya Middle School Middle Regular 1,124 44 9
Silver Oak Elementary School Middle Regular 687 26 9

Silver Oak Elementary School

  • Education Level: Primary
  • # of students: 687
  • # of teachers: 26
9
GreatSchools Rating

Chaboya Middle School

  • Education Level: Middle
  • # of students: 1,124
  • # of teachers: 44
9
GreatSchools Rating

Silver Oak Elementary School

  • Education Level: Middle
  • # of students: 687
  • # of teachers: 26
9
GreatSchools Rating
 

$944,100$1,153,900$1,049,000

PURCHASE PRICE

$3,393$4,147$3,770

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$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,770
EXPENSES Loan Payment -$3,870
Property Tax -$1,259
Property Insurance -$75
HOA -$367
Property Management Fees -$147
CASH FLOW
-$1,948

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.

$1,049,000

PROJECTED PRICE

$3,770

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.06%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$283,735

INVESTMENT

$283,735

Down Payment
$262,250
Rehab Estimate
$5,750
Closing Costs
$15,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,870

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $262,250
Loan Amount $786,750
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$2

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
  • $4,009

    COMP ESTIMATED VALUE
  • $2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,6003$3,8654$3,950
$3,950
RENT COMPS ANALYSIS
  • 8236 Claret Ct San Jose, 1
    • 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5263 Manderston Dr San Jose, 2
    • 3 beds 3 baths ∙ 1,817 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,817 Sqft ∙ Built 1999
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.98
    •  
  • 5125 Harvest Est San Jose, 3
    • 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1973
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,865
    • $2.06
    •  
  • 8302 Chianti Ct San Jose, 4
    • 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1979
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.97
    •  
PROPERTY LISTING DETAILS
Shannon Susick
Coldwell Banker Realty
BESbswy