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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $530.30
- 5 Days on Market
- MLS # : ML81824744
- Updated Date : 01/06/2021 at 15:27
CONSTRUCTION
- Beds : 4
- Floor Size : 2,261 sqft
- Baths : 2 full , 1 half
Listing Agent
Golden Gate Sotheby's International Realty
Listing Agent's Description
Quiet cul-de-sac location in a great neighborhood and only blocks to the elementary make this the perfect family home. Wonderful floor plan with 4 bedrooms, plus bonus room, 2 1/2 bath and attached 2 car garage. As you enter, the formal living has great natural light with soaring ceilings and a wood burning fireplace. Updated kitchen with SS double ovens, 5-burner cooktop, granite counters, breakfast bar and a garden window. The family room has a gas burning fireplace and opens to the sun room/office as well as to the back yard. The laundry room and 1/2 bath are also downstairs. Upstairs are 4 spacious bedrooms bedrooms. The master suite has 2 closets and an updated bathroom with dual vanities. Dual zone heating and cooling with nest controls. The private back yard has mature landscape, citrus trees and a storage shed.
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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: Hayes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hayes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,880 |
| EXPENSES | Loan Payment | -$4,165 |
| Property Tax | -$1,447 | |
| Property Insurance | -$82 | |
| Property Management Fees | -$151 | |
|
CASH FLOW
-$1,965
|
||
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
$3,880
PROJECTED RENT
0.32%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 11.7% |
| 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
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$323,485
LOAN DETAILS
$4,165
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $299,750 |
| Loan Amount | $899,250 |
0.08
YEARS SAVED
$56
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,880
LIST RENT -
$1.72
LIST RENT PER SQFT
-
$4,213
COMP ESTIMATED VALUE -
$1.86
COMP AVG. RENT PER SQFT
Comps Range
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95 Rooster Ct San Jose, CA 2
- 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 1984
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- Rent
- Rent Per SQFT
- $3,880
- $1.72
-
5682 Taconic Ct San Jose, CA 1
- 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 1973
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LEASED 12/15/20- Rent
- Rent Per SQFT
- $3,700
- $1.89
-
159 Venado Way San Jose, CA 3
- 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1966
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LEASED 10/18/19- Rent
- Rent Per SQFT
- $3,980
- $1.82
-
337 Avenida Arboles San Jose, CA 4
- 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 1968
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LEASED 11/18/20- Rent
- Rent Per SQFT
- $3,995
- $1.88
PROPERTY LISTING DETAILS
Golden Gate Sotheby's International Realty
