Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
745 Willow St 
San Jose, CA
95125
2 Beds 2 Baths 1,133 sqft
Built 1926
INVESTimate
$899,990
List Price
$244,247
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1926
- Price/Sqft : $794.34
- 2 Days on Market
- MLS # : ML81807730
- Updated Date : 08/25/2020 at 16:10
CONSTRUCTION
- Beds : 2
- Floor Size : 1,133 sqft
- Baths : 2 full
Listing Agent
Kw Bay Area Estates
Listing Agent's Description
Quintessential Willow Glen home with all the charm and character from the 20s & modern amenities of today! From the cozy front porch to the original hardwood floors, old world plaster walls and original vintage doors, hardware & molding. Fantastic dining room with the original built-in hutch. 2nd bathroom added on 14 years ago to create a master suite. Spacious and updated kitchen with granite slab counter, SS refrigerator (incl in sale), gas stove & dishwasher. Separate laundry area (W/D incl). Dual pane windows, ceiling fans, partial basement. Oversized 1 car detached garage, finished & ready to be used as separate living space or workshop (workbench incl). Covered porch behind the garage (possible conversion to 2nd living space? Buyer to research if desired). Entertaining backyard w/ large deck, fruit trees, new grass area & gated driveway for privacy. Great location right down the street from downtown Willow Glen/shops, restaurants, parks, easy access to hwy 280/87. Move-in ready!
SEE MORE
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: Atlanta Bird
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Atlanta Bird
* 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 | $3,650 |
| EXPENSES | Loan Payment | -$3,321 |
| Property Tax | -$1,005 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$142 | |
|
CASH FLOW
-$872
|
||
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.
$899,990
PROJECTED PRICE
$3,650
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.84% |
| Appreciation Year (1-5) | 11.34% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.28% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$244,247
LOAN DETAILS
$3,321
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $224,998 |
| Loan Amount | $674,993 |
1.67
YEARS SAVED
$12,023
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,650
LIST RENT -
$3.22
LIST RENT PER SQFT
-
$4,101
COMP ESTIMATED VALUE -
$3.62
COMP AVG. RENT PER SQFT
Comps Range
-
745 Willow St San Jose, 2
- 2 beds 2 baths ∙ 1,133 Sqft ∙ Built 1926 2 beds 2 baths ∙ 1,133 Sqft ∙ Built 1926
![property image]()
- Rent
- Rent Per SQFT
- $3,650
- $3.22
-
1280 Hester Ave San Jose, 1
- 2 beds 1 baths ∙ 884 Sqft ∙ Built 1924 2 beds 1 baths ∙ 884 Sqft ∙ Built 1924
![property image]()
LEASED 05/01/19- Rent
- Rent Per SQFT
- $3,500
- $3.96
-
1128 Settle Ave San Jose, 3
- 2 beds 2 baths ∙ 1,400 Sqft ∙ Built 1939 2 beds 2 baths ∙ 1,400 Sqft ∙ Built 1939
![property image]()
LEASED 06/20/20- Rent
- Rent Per SQFT
- $4,595
- $3.28
PROPERTY LISTING DETAILS
Kw Bay Area Estates
