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85 Coburn Ct San Jose, CA 95139

4 Beds 3 Baths 2,282 sqft Built 1986

$1,649,000

List Price

$4,040

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

October 27, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $722.61
  • 8 Days on Market
  • MLS # : ML81817596
  • Updated Date : 10/27/2020 at 11:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,282 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Mm

Listing Agent's Description

*EXTRAORDINARY OPPORTUNITY OF A LIFETIME!!!*FABULOUS 2 STORY CUSTOM HOME WITH BREATHTAKING VIEWS, AMAZING SMALL HILL TOP LOCATION AT THE END OF SILICON VALLEY!*4 Bedroom/2.5 Bath*Huge Lot Approx. 22,702 S.F.!!!*2 Fireplaces, Gorgeous Gas Fireplace w/Glass Pebbles in Family Room*Wood-Burning in Living Room*Central Air*8 Ceiling Fans*Central Vacuum*Textured Ceilings*Recessed Lighting*Partial Crown Molding*Partial 3.5 Inch Baseboards*Indoor Laundry w/Maytag Washer/Dryer*Views Galore Out of Every Vista Dual Pane Window!!!*Step-Down Living Room*Separate Step-Up Formal Dining Room*Separate Breakfast Room*Spacious Step-Down Family Room w/Slider to Backyard*Vaulted Ceiling Entry*New Guest Bath w/Contemporary Accents*Large Master Bedroom with His & Hers Mirrored Closets*Relaxing Balcony off Master w/Views All Around*It's All About Location, Poss.Grape Vines/Garden*Walking Trails in Back*Long Private Driveway w/Room for Possible RV/Boat*Wonderful Place for Working At Home*AS GOOD AS IT GETS!***

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Los Paseos

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $362k1665k

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

Neighborhood: Los Paseos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800400042004400Rent in $17254493

* 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
Los Paseos Elementary School Primary Regular 586 25 5
Martin Murphy Middle School Middle Regular 479 20 6
Ann Sobrato High School High Regular 1,451 62 8

Los Paseos Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 25
5
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
 

$1,484,100$1,813,900$1,649,000

PURCHASE PRICE

$3,636$4,444$4,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,040
EXPENSES Loan Payment -$6,084
Property Tax -$1,944
Property Insurance -$82
Property Management Fees -$158
CASH FLOW
-$4,228

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.

$1,649,000

PROJECTED PRICE

$4,040

PROJECTED RENT

0.24%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
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$6.0M

PROJECTED ANNUAL CASH FLOW

11530-$70k-$60k-$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$6.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$442,735

INVESTMENT

$442,735

Down Payment
$412,250
Rehab Estimate
$5,750
Closing Costs
$24,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,084

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $412,250
Loan Amount $1,236,750
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$296

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,040

    LIST RENT
  • $1.77

    LIST RENT PER SQFT
  • $3,971

    COMP ESTIMATED VALUE
  • $1.74

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$4,040
$4,040
RENT COMPS ANALYSIS
  • 85 Coburn Ct San Jose, CA 2
    • 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $4,040
    • $1.77
    •  
  • 7364 Long Valley Ter San Jose, CA 1
    • 4 beds 3 baths ∙ 2,179 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,179 Sqft ∙ Built 2006
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.74
    •  
PROPERTY LISTING DETAILS
Angie Cocke
Century 21 Mm
BESbswy