Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

827 Talbot Dr Morgan Hill, CA 95037

5 Beds 3 Baths 2,906 sqft Built 2006

$1,299,000

List Price

$3,980

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $447.01
  • 2 Days on Market
  • MLS # : ML81820329
  • Updated Date : 11/14/2020 at 08:10
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,906 sqft
  • Baths : 3 full
Listing Agent

Golden Gate Sotheby's International Realty

Listing Agent's Description

Charming from the curb, this lovely home is located in a quiet Morgan Hill neighborhood. Inside, enjoy beautiful Brazilian Cherry hardwood flooring throughout. The entry opens into the lovely living room, and just beyond, sits the great room. The kitchen, adorned with maple cabinetry and granite countertops, features an open dining area. A sliding glass door from the family room accesses the rear yard for seamless indoor and outdoor living.The delightful master suite features a large walk-in closet, his and hers vanities and a jetted tub.On the main floor, there are two bedrooms with a hall bathroom, perfect for visiting family and friends. Upstairs, there are two more bedrooms, the master suite and a bonus room wired surround sound for the perfect movie viewing venue.The inviting rear yard is ready for entertaining or quiet enjoyment year-round with a pergola-covered patio, and manicured lawn bordered by rose trees.

SEE MORE

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: 95037

ZipNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1220k

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

Zip Code: 95037

ZipNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17853804

* 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
El Toro Elementary School Primary Regular 475 18 3
Martin Murphy Middle School Middle Regular 479 20 6
Ann Sobrato High School High Regular 1,451 62 8

El Toro Elementary School

  • Education Level: Primary
  • # of students: 475
  • # of teachers: 18
3
GreatSchools Rating

Martin Murphy Middle School

  • Education Level: Middle
  • # of students: 479
  • # of teachers: 20
6
GreatSchools Rating

Ann Sobrato High School

  • Education Level: High
  • # of students: 1,451
  • # of teachers: 62
8
GreatSchools Rating
 

$1,169,100$1,428,900$1,299,000

PURCHASE PRICE

$3,582$4,378$3,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,980
EXPENSES Loan Payment -$4,793
Property Tax -$1,300
Property Insurance -$97
HOA -$90
Property Management Fees -$155
CASH FLOW
-$2,455

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.

$1,299,000

PROJECTED PRICE

$3,980

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.6%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$349,985

INVESTMENT

$349,985

Down Payment
$324,750
Rehab Estimate
$5,750
Closing Costs
$19,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $324,750
Loan Amount $974,250
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$22

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,980

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $3,923

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,9803$4,399
$4,399
RENT COMPS ANALYSIS
  • 827 Talbot Dr Morgan Hill, CA 2
    • 5 beds 3 baths ∙ 2,906 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,906 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,980
    • $1.37
    •  
  • 17515 Montoya Cir Morgan Hill, CA 1
    • 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 1990
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.25
    •  
  • 1680 Martinez Way Morgan Hill, CA 3
    • 4 beds 3 baths ∙ 3,040 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,040 Sqft ∙ Built 2014
    property image
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,399
    • $1.45
    •  
PROPERTY LISTING DETAILS
Amy A. Mccafferty
Golden Gate Sotheby's International Realty
BESbswy