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PROPERTY INFO
FACTS
- Single Family
- Built In 1962
- Price/Sqft : $529.03
- 4 Days on Market
- MLS # : ML81822888
- Updated Date : 12/12/2020 at 15:21
CONSTRUCTION
- Beds : 3
- Floor Size : 1,512 sqft
- Baths : 2 full
Listing Agent
Chris Ordaz, Broker
Listing Agent's Description
Over-sized cul-de-sac lot. New replacement windows. New HVAC with all new duct work. New water heater and water softener. New sectional garage door, opener and exterior keypad. Garage newly sheet rocked with epoxy floor. New laundry sink in garage. 2 wood burning fireplaces with new stone facades, brick hearth and mantels, recessed lighting in family room, dining area, kitchen, hallway, bathrooms. Laminate flooring thought out the home. Ceramic tile floor in hall bath. Shaker style cabinets with under cabinet lighting in kitchen. New vanities with double sinks in bathrooms. Quartz counter tops. New GE stainless steel appliances. Gas cook top. Microwave, Large stainless steel sink. Feature wall in dining area. New ceramic tile in bathroom showers. Glass shower / tub enclosures. All new fixtures. New doors, casings, trim and baseboards. Large city lot which may accommodate an AUD. New front yard landscaping. Auto sprinklers Ring door bell. Ceiling fans, bedrooms & Living room.
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
Zip Code: 95020
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 95020
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,010 |
| EXPENSES | Loan Payment | -$2,951 |
| Property Tax | -$824 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$958
|
||
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.
$799,900
PROJECTED PRICE
$3,010
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 8.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.19% |
| 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
$217,724
LOAN DETAILS
$2,951
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $199,975 |
| Loan Amount | $599,925 |
0.92
YEARS SAVED
$4,034
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,722
COMP ESTIMATED VALUE -
$1.8
COMP AVG. RENT PER SQFT
Comps Range
-
8411 Diane Ct Gilroy, CA 1
- 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1962
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
Broadway Gilroy, CA 2
- 3 beds 1 baths ∙ 1,392 Sqft ∙ Built 1951 3 beds 1 baths ∙ 1,392 Sqft ∙ Built 1951
![property image]()
LEASED 05/28/20- Rent
- Rent Per SQFT
- $2,500
- $1.80
PROPERTY LISTING DETAILS
Chris Ordaz, Broker
