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1417 Usona Dr San Jose, CA 95118

4 Beds 2 Baths 1,554 sqft Built 1968

INVESTimate

$1,198,000

List Price

$3,800

$3,550 - $4,050

Rent Est.

$323,220

Investment Est.

$1,334,452  ( +11.39%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1968
  • Price/Sqft : $770.91
  • 2 Days on Market
  • MLS # : ML81807665
  • Updated Date : 08/25/2020 at 13:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,554 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Exceptional and Well-Maintained 4 Bedroom Home in Desirable Cambrian Neighborhood. 1,554 SF of Living Space + Additional 300 SF Sunroom completed with permits -- Perfect for Kids Play Area, Family Room, Workout Studio or Home Office. This home is loaded with Curb Appeal as you'll immediately notice the Arched Entry, Professional Landscaping & Manicured Lawn and contemporary paint colors. Durable Laminate Floors in the Kitchen & Dining Area, Brand New patterned Carpets in Living Room, Hallway and Bedrooms (hardwood floors under carpets). Lrg Master Bedroom w/ Walk-in Closet. Additional upgrades: Cop Plum, A/C, Whole House Fan, Dual Pane Windows, Recessed Lighting and Wood-burning Fireplace. 2Car Garage w/ extra storage. Private Backyard w/ Patio and Lawn for entertaining. Low maintenance. EZ Commute access to 85, 87, 17. Plus great schools. Close to major shopping, restaurants and convenience. Lovingly cared for the past 44 years by the current owners. SECTION 1 TERMITE CLEARANCE!

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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: Branham-Jarvis

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $373k1319k

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

Neighborhood: Branham-Jarvis

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800Rent in $17853923

* 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
Almaden Elementary School Primary Regular 389 13 4
Muir Middle School Middle Regular 1,118 51 6
Pioneer High School High Regular 1,570 67 9

Almaden Elementary School

  • Education Level: Primary
  • # of students: 389
  • # of teachers: 13
4
GreatSchools Rating

Muir Middle School

  • Education Level: Middle
  • # of students: 1,118
  • # of teachers: 51
6
GreatSchools Rating

Pioneer High School

  • Education Level: High
  • # of students: 1,570
  • # of teachers: 67
9
GreatSchools Rating
 

FINANCIALS

Learn how to read this

$1,078,200$1,317,800$1,198,000

PURCHASE PRICE

$3,420$4,180$3,800

RENT

DOWN PAYMENT
FINANCING
Learn how to read this

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow

  • Appreciation

  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation

  • Principal

  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,800
EXPENSES Loan Payment -$4,420
Property Tax -$1,338
Property Insurance -$65
Property Management Fees -$148
CASH FLOW
-$2,171

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.

$1,198,000

PROJECTED PRICE

$3,800

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.39%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,220

INVESTMENT

$323,220

Down Payment		 $299,500
Rehab Estimate		 $5,750
Closing Costs		 $17,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $299,500
Loan Amount $898,500
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$55

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,800

    LIST RENT

  • $2.45

    LIST RENT PER SQFT

  • $3,982

    COMP ESTIMATED VALUE

  • $2.56

    COMP AVG. RENT PER SQFT
Comps Range
$3,350
1$3,3502$3,4953$3,7954$3,7955$3,800
$3,800
RENT COMPS ANALYSIS
  • 1417 Usona Dr San Jose, 5
    • 4 beds 2 baths ∙ 1,554 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,554 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.45
    •  
  • 3119 Lowry Dr San Jose, 1
    • 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1960
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.64
    •  
  • 4954 Alan Ave San Jose, 2
    • 4 beds 2 baths ∙ 1,374 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,374 Sqft ∙ Built 1956
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $2.54
    •  
  • 1452 Ridgewood Dr San Jose, 3
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1959
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $2.51
    •  
  • 1810 Brighten Ave San Jose, 4
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1958
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $2.56
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Geoffrey Hollands
Coldwell Banker Realty

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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