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905 Pascoe Ave San Jose, CA 95125

4 Beds 2 Baths 1,608 sqft Built 1948

$1,499,000

List Price

$3,490

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1948
  • Price/Sqft : $932.21
  • 4 Days on Market
  • MLS # : ML81824327
  • Updated Date : 01/02/2021 at 10:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,608 sqft
  • Baths : 2 full
Listing Agent

Rcb Real Estate Group, Inc.

Listing Agent's Description

Charming Single Story in the heart of Willow Glen! This wonderful 4 Bed/2 Bath 1608SF sits on a large and private corner lot, 8610SF. As a bonus, there is a 400SF ADU/Studio/Apartment/Office, etc. Originally built in 1948, it is situated on a quiet and serene tree lined street. The home has been updated by previous owners to include a large 4th bedroom that was converted from a one car garage that boasts an indoor laundry room. Hardwood, tile, and laminate floors throughout the Main home and ADU enhance the coziness of this well cared for home. New paint inside and outside Main house and ADU, along with a new roof over large detached two(2) car garage, and new front door add to the pride of ownership. Enjoy time with friends and family by the pool, or on the small deck enjoying a BBQ. A short distance away you will find VTA Light Rail, Shopping, Freeway, etc. Located within Booksin Elementary school boundaries, Buyer(s) to verify. Come see this awesome home and make it yours!

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: Willow Glen

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: Willow Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800400042004400Rent in $17044573

* 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
Booksin Elementary School Primary Regular 851 31 8
Willow Glen Middle School Middle Regular 1,259 57 6
Willow Glen High School High Regular 1,660 75 7

Booksin Elementary School

  • Education Level: Primary
  • # of students: 851
  • # of teachers: 31
8
GreatSchools Rating

Willow Glen Middle School

  • Education Level: Middle
  • # of students: 1,259
  • # of teachers: 57
6
GreatSchools Rating

Willow Glen High School

  • Education Level: High
  • # of students: 1,660
  • # of teachers: 75
7
GreatSchools Rating
 

$1,349,100$1,648,900$1,499,000

PURCHASE PRICE

$3,141$3,839$3,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,490
EXPENSES Loan Payment -$5,531
Property Tax -$1,674
Property Insurance -$66
Property Management Fees -$136
CASH FLOW
-$3,917

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.

$1,499,000

PROJECTED PRICE

$3,490

PROJECTED RENT

0.23%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$402,985

INVESTMENT

$402,985

Down Payment
$374,750
Rehab Estimate
$5,750
Closing Costs
$22,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $374,750
Loan Amount $1,124,250
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$285

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
  • $3,449

    COMP ESTIMATED VALUE
  • $2.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$3,2004$3,6505$4,500
$4,500
RENT COMPS ANALYSIS
  • 905 Pascoe Ave San Jose, CA 1
    • 4 beds 2 baths ∙ 1,608 Sqft ∙ Built 1948 4 beds 2 baths ∙ 1,608 Sqft ∙ Built 1948
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2102 Ellen Ave San Jose, CA 2
    • 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1951
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.73
    •  
  • 3076 Woodcrest Dr San Jose, CA 3
    • 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1957
    property image
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.49
    •  
  • 2956 Aulin Dr San Jose, CA 4
    • 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1958 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1958
    property image
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $2.03
    •  
  • 1477 Husted Ave San Jose, CA 5
    • 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1951 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1951
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.33
    •  
PROPERTY LISTING DETAILS
Robert Reichert
Rcb Real Estate Group, Inc.
BESbswy