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955 La Vista Ct Morgan Hill, CA 95037

5 Beds 3 Baths 3,132 sqft Built 1992

$1,390,900

List Price

$4,230

$4K - $4.5K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $444.09
  • 5 Days on Market
  • MLS # : ML81817566
  • Updated Date : 11/11/2020 at 17:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,132 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

If you enjoy entertaining, this spacious open-concept custom home is a must see! Nestled at the base of the west foothills on a 12,747 sq.ft. lot, family/friends can spread out into the cozy living room with coffered ceiling, downstairs bed/den and full bath, spacious kitchen with mostly stainless steel appliances and family room. The dual pane windows are enhanced by plantation shutters throughout. Head outdoors to the private-feeling backyard paradise with newer decking, pool, spa, covered seating area and a huge side yard perfect for a sport court, playground, small orchard or potentially RV\boat parking. The yards have drought resistant vegetation and are on a programmable timer. Storage is abundant throughout the home with access to a storage area via the upstairs front bedroom. Bring your family and enjoy the warmth of this beautiful treasure!

SEE MORE

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

Zip Code: 95037

ZipNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $373k1220k

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

Zip Code: 95037

ZipNIR 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
Barrett Elementary School Primary Regular 573 23 4
Barrett Elementary School Middle Regular 573 23 4
Ann Sobrato High School High Regular 1,451 62 8

Barrett Elementary School

  • Education Level: Primary
  • # of students: 573
  • # of teachers: 23
4
GreatSchools Rating

Barrett Elementary School

  • Education Level: Middle
  • # of students: 573
  • # of teachers: 23
4
GreatSchools Rating

Ann Sobrato High School

  • Education Level: High
  • # of students: 1,451
  • # of teachers: 62
8
GreatSchools Rating
 

$1,251,810$1,529,990$1,390,900

PURCHASE PRICE

$3,807$4,653$4,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,230
EXPENSES Loan Payment -$5,132
Property Tax -$1,405
Property Insurance -$103
Property Management Fees -$165
CASH FLOW
-$2,574

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.

$1,390,900

PROJECTED PRICE

$4,230

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.6%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$374,339

INVESTMENT

$374,339

Down Payment
$347,725
Rehab Estimate
$5,750
Closing Costs
$20,864

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,132

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $347,725
Loan Amount $1,043,175
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$53

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
  • $4,197

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,000
$4,000
RENT COMPS ANALYSIS
  • 955 La Vista Ct Morgan Hill, CA 1
    • 5 beds 3 baths ∙ 3,132 Sqft ∙ Built 1992 5 beds 3 baths ∙ 3,132 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15875 Oak Glen Ave Morgan Hill, CA 2
    • 4 beds 3 baths ∙ 2,980 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,980 Sqft ∙ Built 1974
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.34
    •  
PROPERTY LISTING DETAILS
Christine Wheeler
Coldwell Banker Realty
BESbswy