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881 Woodcreek Way Gilroy, CA 95020

4 Beds 3 Baths 1,504 sqft Built 1998

$739,995

List Price

$3,010

$2.8K - $3.3K

Rent Est.

$201,849

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+8.0%)
1 YR. PROJ. APPRECIATION


Cap Rate	2.4%
Cash Flow	-$9,168
Value Increase	$59,287

10 YEAR

Cash On Cash	-5.3%
Total Return	10.8%

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT

December 04, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 1998
Price/Sqft : $492.02
4 Days on Market
MLS # : ML81822138
Updated Date : 12/04/2020 at 21:45

CONSTRUCTION

Beds : 4
Floor Size : 1,504 sqft
Baths : 2 full , 1 half

Listing Agent

Compass Sf

Listing Agent's Description

Lovely four bedroom in desirable West Gilroy. Smart floorplan with soaring high ceilings, great school district, walking distance to neighborhood parks, and pleasing updates throughout, this home checks all the boxes! Remodeled kitchen and bathrooms. Spacious backyard with no neighbors to the rear provides endless opportunities for outdoor activities. Great location close to shops, restaurants, and amenities.

Hirasaki Ave

Gilroy, California

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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)

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

NAME	EDUCATIONAL LEVEL	SCHOOL TYPE	# OF STUDENTS	# OF TEACHERS	GREATSCHOOLS RATING
Antonio Del Buono Elementary School	Primary	Regular	620	24	4
Ascencion Solorsano Middle School	Middle	Regular	853	28	6
Christopher High School	High	Regular	1,889	80	7

Antonio Del Buono Elementary School

Education Level: Primary
# of students: 620
# of teachers: 24

GreatSchools Rating

Ascencion Solorsano Middle School

Education Level: Middle
# of students: 853
# of teachers: 28

GreatSchools Rating

Christopher High School

Education Level: High
# of students: 1,889
# of teachers: 80

GreatSchools Rating

FINANCIALS

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$665,996$813,99500$739,995

PURCHASE PRICE

$2,709$3,31100$3,010

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$3,010
EXPENSES	Loan Payment	-$2,730
	Property Tax	-$754
	Property Insurance	-$63
	HOA	-$97
	Property Management Fees	-$129



CASH FLOW -$764

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.

$739,995

PROJECTED PRICE

$3,010

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
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

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$201,849

Down Payment	$184,999
Rehab Estimate	$5,750
Closing Costs	$11,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,730

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$184,999
Loan Amount	$554,996

See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$7,834

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$3,010
LIST RENT
$2
LIST RENT PER SQFT

$2,985
COMP ESTIMATED VALUE
$1.98
COMP AVG. RENT PER SQFT

Comps Range

$2,850

1$2,8502$3,0003$3,0104$3,1005$3,200

$3,200

RENT COMPS ANALYSIS

1,504
PROPERTY SQFT
$1.98
AVG RENT PER SQFT
$2,985
ESTIMATED VALUE
$3,010
LIST RENT

881 Woodcreek Way Gilroy, CA 4

4 beds 3 baths ∙ 1,504 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,504 Sqft ∙ Built 1998
Price

Price Per SQFT

$739,995

$492.02
151 Sturla Way Gilroy, CA 1

3 beds 3 baths ∙ 1,563 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,563 Sqft ∙ Built 2011
SOLD 08/18/20
Price

Price Per SQFT

$682,500

$436.66
1605 Brentwood Ln Gilroy, CA 2

3 beds 2 baths ∙ 1,499 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,499 Sqft ∙ Built 1987
SOLD 09/25/20
Price

Price Per SQFT

$700,000

$466.98
601 Eden St Gilroy, CA 3

3 beds 3 baths ∙ 1,634 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,634 Sqft ∙ Built 1996
SOLD 09/17/20
Price

Price Per SQFT

$724,500

$443.39
1479 Lupine Ct Gilroy, CA 5

3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1986
SOLD 06/12/20
Price

Price Per SQFT

$795,000

$491.96

881 Woodcreek Way Gilroy, CA 3

4 beds 3 baths ∙ 1,504 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,504 Sqft ∙ Built 1998
Rent

Rent Per SQFT

$3,010

$2.00
220 Chappell Ct Gilroy, CA 1

3 beds 3 baths ∙ 1,360 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,360 Sqft ∙ Built 1997
LEASED 02/24/20
Rent

Rent Per SQFT

$2,850

$2.10
8880 Carnation Ln Gilroy, CA 2

4 beds 3 baths ∙ 1,428 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,428 Sqft ∙ Built 1997
LEASED 06/01/20
Rent

Rent Per SQFT

$3,000

$2.10
590 Eden St Gilroy, CA 4

4 beds 3 baths ∙ 1,814 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,814 Sqft ∙ Built 1996
LEASED 01/09/20
Rent

Rent Per SQFT

$3,100

$1.71
7820 Ponderosa Dr Gilroy, CA 5

3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1988
LEASED 04/03/20
Rent

Rent Per SQFT

$3,200

$2.03

PROPERTY LISTING DETAILS

Alexander Han
Compass Sf

881 Woodcreek Way Gilroy, CA 95020

$739,995

$3,010

$201,849

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Antonio Del Buono Elementary School

Ascencion Solorsano Middle School

Christopher High School

FINANCIALS

$665,996$813,99500$739,995

$2,709$3,31100$3,010

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$739,995

$3,010

0.41%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$2,730

1.5

$7,834

$739,995

$492.02

$691,460

$459.75

COMPS RANGE

PRICE COMPS ANALYSIS

$3,010

$2

$2,985

$1.98

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS