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$1,000,000

Sale Pending
138 Griglio Dr, San Jose, CA 95134
2 Beds
3 Baths
1,130 Square Feet
0.02 Acres Lot
Built in 1993
Sale Pending
Units n/a
Checked: 18 hours ago
Updated: Aug 30, 2025 at 10:08AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$2,741
Cap Rate
2.8%
Cash-on-Cash Return
-14.3%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-9.8%

Property Description


0.02 Acres Lot
Built in 1993
Sale Pending
Units n/a

Welcome to your dream home in the highly desirable Renaissance community of North San Jose with Rare attached 2-Car Garage! This beautifully upgraded 2-bedroom, 2.5-bathroom corner-unit townhome radiates pride of ownership and offers a perfect blend of comfort, style, and convenience. Step inside to a bright, open layout with a modern kitchen and ample storage, recessed lighting, central A/C, and generous storage. Outside, relax or entertain in your private, low-maintenance backyard. And guest parking offers plenty of room. The well-kept complex features a resort-style pool, hot tub, and green spaces where families and neighbors come together. Prime Silicon Valley location with quick access to Highways 101, 237, 880, Lawrence & San Tomas Expressways. Minutes to VTA light rail, Levis Stadium, Great America, and major tech hubs. Enjoy nearby Guadalupe Trail and Ulistac Natural Area for biking, walking, and birdwatching. The award-winning Agnew School Campus, a newly constructed, innovative K12 campus, The school offers advanced independent study options, a strong emphasis on sports, and a wide array of extracurricular activities to support every child's growth and potential. Truly exceptional Townhome in San Jose's most convenient and community-friendly neighborhoods!

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Location


Property Details


Parking

  • Description: Gated
  • Details: Attached, Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 4
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Foundation: Slab

HOA

  • Has HOA: Yes
  • Association: California Renaissance
  • HOA Fee: $375/monthly
  • Additional Association: California Renaissance

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 09774086
  • Lot Size: 672 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 1993

Tax Information

  • Annual Tax: $0

Utilities

  • Heating: Forced Air
  • Cooling: Central Air

Location

  • County: Santa Clara

Listing Details


Listed by:
Ali Naimi
Redfin
(408) 475-2254

Source:
bridgeMLS
MLS#: ML82014935
bridgeMLS

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$2,741
Cap Rate
2.8%
Cash-on-Cash Return
-14.3%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-9.8%

Purchase Details

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Purchase price:
$1,000,000
Amount financed:
-$800,000
Down payment:
$200,000
Closing costs:
$30,000
Rehab costs:
$0
Initial cash invested:
$230,000
Square feet:
1,130
Cost per square foot:
$885
Monthly rent per square foot:
$3.45

Financing Details

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Loan amount:
$800,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.500%
Principal & interest:
$5,057
Property tax:
$0
Insurance:
$273
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,330

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$3,900 $46,800
Vacancy loss: (6%)
6% -$234 -$2,808
Operating income:
$3,666 $43,992

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$273-$3,276
Property management: (8%)
8%-$312-$3,744
Repairs & maintenance: (5%)
5%-$195-$2,340
Capital expenditures: (5%)
5%-$195-$2,340
HOA fees: (10%)
10%-$375-$4,500
Total operating expenses: (35%)
35%-$1,350-$16,200

Cash Flow


Monthly Yearly
Net operating income:
$2,316 $27,792
Mortgage payments:
-$5,057 -$60,684
Cash flow:
$2,741 $32,892