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2341 Old Post Way 
San Jose, CA
95132
5 Beds 3 Baths 2,235 sqft
Built 1997
INVESTimate
$1,349,000
List Price
$363,235
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PROPERTY INFO
FACTS
- Built In 1997
- Price/Sqft : $603.58
- 3 Days on Market
- MLS # : ML81805804
- Updated Date : 08/25/2020 at 23:38
CONSTRUCTION
- Beds : 5
- Floor Size : 2,235 sqft
- Baths : 3 full
Listing Agent
Intero Real Estate Services
Listing Agent's Description
This large elegantly updated newer home features designer touches throughout. The bright and open living room with a fireplace and soaring ceilings has a sweeping grand staircase which leads to four bedrooms on the 2nd floor. The master suite features a vaulted ceiling, marble tiled bathroom with separate tub, shower, dual sinks, and spacious walk-in closet. A guest bedroom and full bath on the first floor can also be used as a home office. The open kitchen features Corian counters, white cabinets, a center island, and pantry with a breakfast area. The family room is centered around a custom built-in entertainment center and leads to the patio. The backyard features a patio shaded with a lovely pergola in a manicured Japanese style garden, and is great for outdoor dining and entertaining. The 2-car garage is lined with storage cabinets proving lots of storage. A convenient indoor laundry room. Within walking distance to VTA Light Rail, close to BART, and easy access to HW680.
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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: Old Port
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Old Port
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,700 |
| EXPENSES | Loan Payment | -$4,977 |
| Property Tax | -$1,576 | |
| Property Insurance | -$81 | |
| Property Management Fees | -$144 | |
|
CASH FLOW
-$3,079
|
||
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.
$1,349,000
PROJECTED PRICE
$3,700
PROJECTED RENT
0.27%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 12.96% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.19% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$363,235
LOAN DETAILS
$4,977
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $337,250 |
| Loan Amount | $1,011,750 |
-0.17
YEARS SAVED
-$118
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,700
LIST RENT -
$1.66
LIST RENT PER SQFT
-
$2,660
COMP ESTIMATED VALUE -
$1.19
COMP AVG. RENT PER SQFT
Comps Range
-
2341 Old Post Way San Jose, 2
- 5 beds 3 baths ∙ 2,235 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,235 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $3,700
- $1.66
-
1305 Harefield Ct San Jose, 1
- 4 beds 3 baths ∙ 1,918 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,918 Sqft ∙ Built 1990
![property image]()
LEASED 02/04/20- Rent
- Rent Per SQFT
- $1,000
- $0.52
-
1999 Cape Horn Dr San Jose, 3
- 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1979
![property image]()
LEASED 03/15/20- Rent
- Rent Per SQFT
- $4,200
- $1.86
PROPERTY LISTING DETAILS
Intero Real Estate Services
