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907 Kara Way Campbell, CA 95008

3 Beds 3 Baths 1,526 sqft Built 1987

INVESTimate

$1,588,888

List Price

$4,030

$3,780 - $4,280

Rent Est.

$1,824,202  ( +14.81%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $1,041.21
  • 7 Days on Market
  • MLS # : ML81805689
  • Updated Date : 08/24/2020 at 22:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,526 sqft
  • Baths : 2 full , 1 half
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Situated on a private cul-de-sac in Campbell w/ top rated schools. Thoughtfully remodeled w/ no expense spared & impeccably maintained. No detail overlooked! This home features an open floor plan with vaulted ceilings & a gourmet chef's kitchen w/ top of the line Thermador appliances and U-Line beverage & wine fridges. Perfect for entertaining! Quartz countertops w/ Cararra marble accents & large 3 center island with built-in microwave. Custom cabinetry, hardwood floors, recessed lighting & crown molding throughout. Individually customized bathrooms with Toto toilets, Moen, Grohe & Hansgrohe faucets & marble countertops. New HVAC system, all new electrical, new interior paint & newer tiled roof. Custom barn door & electric fireplace in Master bedroom. Double mirrored French doors on all bedroom closets. Covered patio with new brickwork & low maintenance yard with apple, pear & limequat trees. Too many amenities to list! This is the dream home you have been looking for! www.907Kara.com

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: San Tomas

NeighborhoodNIR Market*CityMarket2010Year20002019500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $411k1665k

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

Neighborhood: San Tomas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800400042004400Rent in $17624493

* 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
Capri Elementary School Primary Regular 706 29 7
Rolling Hills Middle School Middle Regular 985 45 7
Westmont High School High Regular 1,537 68 8

Capri Elementary School

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 29
7
GreatSchools Rating

Rolling Hills Middle School

  • Education Level: Middle
  • # of students: 985
  • # of teachers: 45
7
GreatSchools Rating

Westmont High School

  • Education Level: High
  • # of students: 1,537
  • # of teachers: 68
8
GreatSchools Rating
 

$1,429,999$1,747,777$1,588,888

PURCHASE PRICE

$3,627$4,433$4,030

RENT

DOWN PAYMENT
FINANCING

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$7.0M

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$6.0M$7.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,030
EXPENSES Loan Payment -$5,862
Property Tax -$1,743
Property Insurance -$64
HOA -$200
Property Management Fees -$157
CASH FLOW
-$3,997

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.

$1,588,888

PROJECTED PRICE

$4,030

PROJECTED RENT

0.25%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.81%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$426,805

INVESTMENT

$426,805

Down Payment
$397,222
Rehab Estimate
$5,750
Closing Costs
$23,833

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,862

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $397,222
Loan Amount $1,191,666
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$258

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,030

    LIST RENT
  • $2.64

    LIST RENT PER SQFT
  • $4,532

    COMP ESTIMATED VALUE
  • $2.97

    COMP AVG. RENT PER SQFT
Comps Range
$3,900
1$3,9002$4,0303$4,6484$5,000
$5,000
RENT COMPS ANALYSIS
  • 907 Kara Way Campbell, 2
    • 3 beds 3 baths ∙ 1,526 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,526 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,030
    • $2.64
    •  
  • 125 John Kirk Ct Campbell, 1
    • 3 beds 3 baths ∙ 1,555 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,555 Sqft ∙ Built 1978
    property image
    LEASED 03/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $2.51
    •  
  • 36 Shereen Pl Campbell, 3
    • 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1973
    property image
    LEASED 05/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,648
    • $3.05
    •  
  • 1671 Elwood Dr Los Gatos, 4
    • 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1967
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $3.35
    •  
PROPERTY LISTING DETAILS
Lauren Proctor
Intero Real Estate Services
BESbswy