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

847 Whitethorne Dr San Jose, CA 95128

3 Beds 2 Baths 1,477 sqft Built 1956

$1,095,000

List Price

$3,430

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $741.37
  • 2 Days on Market
  • MLS # : ML81823097
  • Updated Date : 12/12/2020 at 18:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,477 sqft
  • Baths : 2 full
Listing Agent

Kw Bay Area Estates

Listing Agent's Description

Great opportunity for the buyer who wants to put their own touch on their home or update and flip. The home features 3 bedrooms; 2 bathrooms; indoor laundry room; 2 car attached garage; approximately 1,477 square feet of living space and a huge lot with a beautiful expansive yard. Great location close to The Pruneyard, Downtown Campbell and Los Gatos Creek Trail with easy access to Highways 280 and 880.

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: Downing-Whitethorne

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1254k

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

Neighborhood: Downing-Whitethorne

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $16683804

* 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
Castlemont Elementary School Primary Charter 724 31 6
Monroe Middle School Middle Regular 884 39 5
Del Mar High School High Regular 1,108 49 6

Castlemont Elementary School

  • Education Level: Primary
  • # of students: 724
  • # of teachers: 31
6
GreatSchools Rating

Monroe Middle School

  • Education Level: Middle
  • # of students: 884
  • # of teachers: 39
5
GreatSchools Rating

Del Mar High School

  • Education Level: High
  • # of students: 1,108
  • # of teachers: 49
6
GreatSchools Rating
 

$985,500$1,204,500$1,095,000

PURCHASE PRICE

$3,087$3,773$3,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,430
EXPENSES Loan Payment -$4,040
Property Tax -$1,251
Property Insurance -$63
Property Management Fees -$134
CASH FLOW
-$2,057

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.

$1,095,000

PROJECTED PRICE

$3,430

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

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$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$295,925

INVESTMENT

$295,925

Down Payment
$273,750
Rehab Estimate
$5,750
Closing Costs
$16,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,040

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $273,750
Loan Amount $821,250
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$18

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,430

    LIST RENT
  • $2.32

    LIST RENT PER SQFT
  • $3,441

    COMP ESTIMATED VALUE
  • $2.33

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,4303$3,5004$3,9505$4,250
$4,250
RENT COMPS ANALYSIS
  • 847 Whitethorne Dr San Jose, CA 2
    • 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $3,430
    • $2.32
    •  
  • 1454 Carnot Dr San Jose, CA 1
    • 3 beds 3 baths ∙ 1,418 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,418 Sqft ∙ Built 1973
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.33
    •  
  • 914 S Baywood Ave San Jose, CA 3
    • 3 beds 2 baths ∙ 1,474 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,474 Sqft ∙ Built 1954
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.37
    •  
  • 942 Lawton Ave San Jose, CA 4
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1961
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.26
    •  
  • 1011 Camino Ramon San Jose, CA 5
    • 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1938 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1938
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $2.36
    •  
PROPERTY LISTING DETAILS
Douglas Goss
Kw Bay Area Estates
BESbswy