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878 Midvale Ln San Jose, CA 95136

3 Beds 2 Baths 1,468 sqft Built 1966

$1,199,000

List Price

$3,400

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $816.76
  • 5 Days on Market
  • MLS # : ML81824730
  • Updated Date : 01/09/2021 at 07:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,468 sqft
  • Baths : 2 full
Listing Agent

Palazzo Real Estate

Listing Agent's Description

WELCOME HOME!! DON'T MISS YOUR CHANCE TO OWN THIS COMPLETELY REMODELED BEAUTY IN THE HEART OF THE DESIRABLE PINEHURST NEIGHBORHOOD! THIS 3 BED 2 BATH WITH 1,468 SQFT OF LIVING SPACE IS SURE TO PLEASE THE PICKIEST OF BUYERS. AS YOU WALK IN THIS HOME YOU WILL SEE THE ATTENTION TO DETAIL AND CRAFTSMANSHIP ALL AROUND. THE LIST OF AMENITIES INCLUDE NEWER ENGINEERED EUROPEAN OAK FLOORS, FULLY REMODELED BATHROOMS WITH EACH HAVING A UNIQUE STONE SHOWER DESIGN, GLASS DOORS AND MARBLE COUNTERS. NEWER KITCHEN WITH GRANITE COUNTERTOPS AND STAINLESS STEEL APPLIANCES. CUSTOM WINDOW AND DOOR TRIM THROUGHOUT. NEW CROWN MOLDING AND BASEBOARDS. NEW INTERIOR CLOSET AND ENTRY DOORS. CUSTOM BUILT FIREPLACE MANTEL WITH UNIQUE GRANITE FINISH. RECESSED LIGHTING THROUGHOUT. CENTRAL HEATING & AIR CONDITIONING. COPPER PLUMBING. DUAL PANE WINDOWS. FRESH EXTERIOR PAINT WITH STONE PANELS. STUNNING BACKYARD WITH CUSTOM KITCHEN,FRIDGE,ICE COOLER,BAR SEATING & STAMPED CONCRETE. THIS HOME WILL NOT LAST LONG! DONT WAIT!

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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

Neighborhood: Pinehurst

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1220k

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

Neighborhood: Pinehurst

NeighborhoodNIR 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
Terrell Elementary School Primary Regular 501 19 4
Muir Middle School Middle Regular 1,118 51 6
Gunderson High School High Magnet 1,149 52 5

Terrell Elementary School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 19
4
GreatSchools Rating

Muir Middle School

  • Education Level: Middle
  • # of students: 1,118
  • # of teachers: 51
6
GreatSchools Rating

Gunderson High School

  • Education Level: High
  • # of students: 1,149
  • # of teachers: 52
5
GreatSchools Rating
 

$1,079,100$1,318,900$1,199,000

PURCHASE PRICE

$3,060$3,740$3,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,400
EXPENSES Loan Payment -$4,165
Property Tax -$1,339
Property Insurance -$63
Property Management Fees -$133
CASH FLOW
-$2,299

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.

$1,199,000

PROJECTED PRICE

$3,400

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.2%
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$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$323,485

INVESTMENT

$323,485

Down Payment
$299,750
Rehab Estimate
$5,750
Closing Costs
$17,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,165

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $299,750
Loan Amount $899,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$28

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
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$0
1$0
$0
RENT COMPS ANALYSIS
  • 878 Midvale Ln San Jose, CA
    • 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
PROPERTY LISTING DETAILS
Fernando Palazzo
Palazzo Real Estate
BESbswy