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10325 Murtha Dr San Jose, CA 95127

4 Beds 2 Baths 1,154 sqft Built 1954

INVESTimate

$749,499

List Price

$2,990

$2,740 - $3,240

Rent Est.

$204,367

Investment Est.

$835,392  ( +11.46%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 1954
  • Price/Sqft : $649.48
  • 2 Days on Market
  • MLS # : ML81805241
  • Updated Date : 08/25/2020 at 21:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,154 sqft
  • Baths : 2 full
Listing Agent

Windermere Valley Properties

Listing Agent's Description

Motivated Sellers. This quaint home is nestled at the base of San Jose's foothills. Updated Kitchen with Granite Counter tops, Cherry cabinets and a gas stove. Roof less than 1 yr old, Laminate flooring, new carpeting in 3 bedrooms. RV parking on side,Double Pane Windows and a spacious back yard, waiting for that right buyer to make it there own. Front yard was recently redone, with private porch. Near major freeways, minutes to Shopping and Dining. Lake Cunningham within 10 minutes. Home has potential for that right family!

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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: Mt. Pleasant North

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200kPrice in $300k1220k

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

Neighborhood: Mt. Pleasant North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17823804

* 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
Mt. Pleasant High School High Regular 1,452 67 6

Mt. Pleasant High School

  • Education Level: High
  • # of students: 1,452
  • # of teachers: 67
6
GreatSchools Rating
 

FINANCIALS

Learn how to read this

$674,549$824,449$749,499

PURCHASE PRICE

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING
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PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow

  • Appreciation

  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation

  • Principal

  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,990
EXPENSES Loan Payment -$2,765
Property Tax -$908
Property Insurance -$55
Property Management Fees -$129
CASH FLOW
-$867

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$749,499

PROJECTED PRICE

$2,990

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.84%
Appreciation Year (1-5) 11.46%
Maintenance Year (1-5) 8.00%
Vacancy 4.28%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,367

INVESTMENT

$204,367

Down Payment		 $187,375
Rehab Estimate		 $5,750
Closing Costs		 $11,242

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,765

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,375
Loan Amount $562,124
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$5,244

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

  • $3,262

    COMP ESTIMATED VALUE

  • $2.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4003$3,7504$3,800
$3,800
RENT COMPS ANALYSIS
  • 10325 Murtha Dr San Jose, 1
    • 4 beds 2 baths ∙ 1,154 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,154 Sqft ∙ Built 1954
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2674 Flintwood Ct San Jose, 2
    • 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1973
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.70
    •  
  • 1191 Tallahassee Dr San Jose, 3
    • 4 beds 2 baths ∙ 1,283 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,283 Sqft ∙ Built 1963
    property image
    LEASED 03/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $2.92
    •  
  • 1470 Mount Shasta Dr San Jose, 4
    • 4 beds 3 baths ∙ 1,328 Sqft ∙ Built 1959 4 beds 3 baths ∙ 1,328 Sqft ∙ Built 1959
    property image
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.86
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Jennie Vargas
Windermere Valley Properties

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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