3BR/2BA Manufactured
For Sale
$419,000
76-2600 Senter Rd, San Jose, CA 95111
Clean, updated 3-bedroom manufactured home with AC, laminate floors, and a two-car carport in the Spanish Cove community.
Property Size1,120 SF
Price / SF$374.11
Days on Market58
Property Features for 76-2600 Senter Rd
General Information
Standard status
Active
Size
1,120 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Additional Details
Highway Access
Yes
Amenities
swimming pool
sauna
clubhouse
basketball court
Listing Agency:
The House You Want
(408) 432-1800
Listed By:
Heather Ngo
(408) 802-4690
Source:
Exprealty
Added: Jul 12
Changed: Sep 3
Last Checked: Sep 6 at 3:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The House You Want
Investment Insights
Based on property information with market context.
Well kept and clean, this updated 3-bedroom, 2-bath manufactured home offers a bright, efficient layout with wood laminate floors and air conditioning. The home features a large living/dining room, an updated kitchen, and updated bathrooms. Each bathroom includes a shower/tub combo, and the bedrooms offer comfortable sizes with ample closet space. A two-car carport provides covered parking.
Set within the Spanish Cove community, residents can enjoy on-site amenities including a swimming pool, sauna, clubhouse, and basketball court. The property also offers easy access to 101, 87, and I-280, with everyday conveniences such as Costco, Target, and Home Depot nearby, along with retail and restaurants.
The interior is configured for everyday living with an open living/dining area, updated kitchen and bathrooms, and practical storage throughout.
Set within the Spanish Cove community, residents can enjoy on-site amenities including a swimming pool, sauna, clubhouse, and basketball court. The property also offers easy access to 101, 87, and I-280, with everyday conveniences such as Costco, Target, and Home Depot nearby, along with retail and restaurants.
The interior is configured for everyday living with an open living/dining area, updated kitchen and bathrooms, and practical storage throughout.
Key Highlights
- Updated 3‑bedroom, 2‑bath manufactured home in the Spanish Cove community
- Bright, efficient layout with wood laminate floors and AC
- Large living/dining room plus an updated kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,120
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$522,400
$522.4K
Cap Rate 7%
$373,143
$373.1K
Cap Rate 9%
$290,222
$290.2K
Market Conditions
NOI Build-Up for 1,120 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$49.7K $44.40/SF
− Vacancy
−$2.2K −$2.00/SF
EGI
$47.5K $42.40/SF
− OpEx
−$21.4K −$19.08/SF
NOI
$26.1K $23.32/SF
Area
ZIP 95111
Vacancy
4.50%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$522,400
Cap Rate 7%
$373,143
Cap Rate 9%
$290,222
Alternative Uses
Best Use
Apartment 5plus
$373.1K
$326.5K – $435.3K
NOI $26,120 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$672.4K
$588.3K – $784.5K
NOI $47,067 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
Explore this area
Business Placement
Demographics for 95111, CA
60,593
Population
16,303
Households
3.7
Avg Household Size
36
Median Age
20%
College-Educated
72%
High-School Grad
5.8 sq mi
ZIP Area
10,447
Density / Sq Mi
$97,162
Median Household Income
$43,577
Median Earnings
$1,954
Median Rent
$826,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Clean, updated 3-bedroom manufactured home with AC, laminate floors, and a two-car carport in the Spanish Cove community.
Where is this residential income property located?
The property is located at 76-2600 Senter Rd San Jose, CA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Updated 3‑bedroom, 2‑bath manufactured home in the Spanish Cove community; Bright, efficient layout with wood laminate floors and AC; Large living/dining room plus an updated kitchen
