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834 Springfield Dr Campbell, CA 95008

4 Beds 2 Baths 1,528 sqft Built 1967

$1,425,000

List Price

$3,910

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $932.59
  • 5 Days on Market
  • MLS # : ML81820677
  • Updated Date : 11/18/2020 at 08:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,528 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Look no further! This Beautiful home is situated in the prime neighborhood of Campbell! Impeccably maintained and remodeled, it is move-in ready. The open and bright floor plan features a living room, family room with fireplace and large master suite. Efficient floor plan flows thru 4 generous size bedrooms. Bright kitchen with granite counter tops; new laminate flooring thru out the property; completely remodeled bathrooms are full of designer touch, featuring modern vanities, porcelain tiles. Lots of mature fruit trees on the property: Plum, apricot, fig trees at front. Spacious backyard with swimming pool. Top rated schools include Payne Elementary, Moreland Middle & Westmont High. Approx. 15 min drive to Apple Co. Easy access to all commute routes.

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: West Campbell

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $373k1402k

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

Neighborhood: West Campbell

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2180020002200240026002800300032003400360038004000Rent in $17054100

* 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
Payne Elementary School Primary Regular 652 26 7
Moreland Middle School Middle Regular 1,027 40 7
Westmont High School High Regular 1,537 68 8

Payne Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 26
7
GreatSchools Rating

Moreland Middle School

  • Education Level: Middle
  • # of students: 1,027
  • # of teachers: 40
7
GreatSchools Rating

Westmont High School

  • Education Level: High
  • # of students: 1,537
  • # of teachers: 68
8
GreatSchools Rating
 

$1,282,500$1,567,500$1,425,000

PURCHASE PRICE

$3,519$4,301$3,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,910
EXPENSES Loan Payment -$5,258
Property Tax -$1,595
Property Insurance -$64
Property Management Fees -$152
CASH FLOW
-$3,159

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.

$1,425,000

PROJECTED PRICE

$3,910

PROJECTED RENT

0.27%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.2%
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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$383,375

INVESTMENT

$383,375

Down Payment
$356,250
Rehab Estimate
$5,750
Closing Costs
$21,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$5,258

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $356,250
Loan Amount $1,068,750
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$98

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
  • $4,107

    COMP ESTIMATED VALUE
  • $2.69

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,6503$3,7504$4,0005$4,600
$4,600
RENT COMPS ANALYSIS
  • 834 Springfield Dr Campbell, CA 1
    • 4 beds 2 baths ∙ 1,528 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,528 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • Ribbon Dr San Jose, CA 2
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1958
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $2.61
    •  
  • 4297 Mckinnon Dr San Jose, CA 3
    • 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1960
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $2.67
    •  
  • 1223 Topaz Ave San Jose, CA 4
    • 4 beds 2 baths ∙ 1,556 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,556 Sqft ∙ Built 1960
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.57
    •  
  • 2101 Saverio Ct San Jose, CA 5
    • 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 1964
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $2.90
    •  
PROPERTY LISTING DETAILS
Kaiyu Ren
Compass
BESbswy