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$415,000

For Sale - Active
88 N Jackson Ave Unit 414, San Jose, CA 95116
1 Bed
1 Bath
720 Square Feet
0.00 Acres Lot
Built in 2006
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jul 21, 2025 at 03:44AM

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
-$1,008
Cap Rate
3.2%
Cash-on-Cash Return
-12.7%
Debt Coverage Ratio
0.52
Internal Rate of Return (5 years)
-8.3%

Property Description


0.00 Acres Lot
Built in 2006
For Sale - Active
Units n/a

Welcome to your modern sanctuary at 88 North Jackson Avenue, Unit 414, located on the 4th floor of the desirable Jackson Park community. This beautifully appointed 1-bedroom, 1-bathroom condo spans 720 sq. ft., featuring an open-concept layout with vaulted ceilings and large windows that fill the space with natural light. The kitchen is equipped with granite countertops, a central island, and recessed lighting, seamlessly connecting to the living area and private balcony. Additional amenities include in-unit laundry and the gated community provides 24/7 security surveillance and secured underground parking conveniently located near the elevator. Enjoy resort-style amenities such as a swimming pool, spa, and clubhouse. this location offers easy access to major freeways I-680, I-280, and US-101, and is just minutes from downtown San Jose, Japantown, Costco, and the new BART station. Youll also find yourself within walking distance to the Regional Medical Center, healthcare facilities, and a park with a playground. Convenient public transit options, including bus stops and light rail stations, are nearby. Experience a sophisticated lifestyle in a vibrant area with all the comforts you deserve.

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Location


Property Details


Parking

  • Description: Subterranean
  • Details: Underground, Garage
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 1

Exterior Features

  • Foundation: Other
  • Pool: Yes
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: Jackson Park Condominiums Association
  • HOA Fee: $635/monthly
  • Additional Association: Jackson Park Condominium Association

Land Information

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

Lot Information

  • Parcel ID: 48459098
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 2006

Tax Information

  • Annual Tax: $0

Utilities

  • Heating: Forced Air
  • Cooling: Central Air

Location

  • County: Santa Clara

Listing Details


Listed by:
Rajesh Jindal
Compass
(408) 710-3503

Source:
bridgeMLS
MLS#: ML82002790
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
-$1,008
Cap Rate
3.2%
Cash-on-Cash Return
-12.7%
Debt Coverage Ratio
0.52
Internal Rate of Return (5 years)
-8.3%

Purchase Details

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Purchase price:
$415,000
Amount financed:
-$332,000
Down payment:
$83,000
Closing costs:
$12,450
Rehab costs:
$0
Initial cash invested:
$95,450
Square feet:
720
Cost per square foot:
$576
Monthly rent per square foot:
$3.47

Financing Details

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Loan amount:
$332,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.500%
Principal & interest:
$2,098
Property tax:
$0
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,273

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (25%)
25%-$635-$7,620
Total operating expenses: (50%)
50%-$1,260-$15,120

Cash Flow


Monthly Yearly
Net operating income:
$1,090 $13,080
Mortgage payments:
-$2,098 -$25,176
Cash flow:
$1,008 $12,096