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1047 Mango Ave Sunnyvale, CA 94087

3 Beds 2 Baths 1,245 sqft Built 1953

$1,800,000

List Price

$3,900

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $1,445.78
  • 20 Days on Market
  • MLS # : ML81821322
  • Updated Date : 12/11/2020 at 13:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,245 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Outstanding Beautiful home in Sunnyvale sought after location. Extensive updates in 2011 with tasteful modern flair. Remodeled kitchen with stainless steel appliances and remodeled baths. Move-in ready includes double pane windows, recessed lights, crown molding, newer roof, water heater, modern lights, sun tunnels to add the brightness to this home and more. Living room is large and can easily incorporate an office area to the side. Master suite includes a large walk-in closet and access via sliding door to the lush backyard. In addition to the private backyard, the front has a newer hardscape area for even more outdoor enjoyment. Top rated Cherry Chase Elem, Sunnyvale MS and Homestead HS, Stratford School. Nearby to Apple Campus, Google, LinkedIn, Highways 85, 101, 280, 237, Mango, DeAnza, Las Palmas Park, shopping and restaurants.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: De Anza

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800k2000kPrice in $411k2083k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: De Anza

NeighborhoodNIR Market*CityMarket2010Year20002019 Q220002200240026002800300032003400360038004000420044004600Rent in $19074782

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Cherry Chase Elementary School Primary Regular 871 34 9
Sunnyvale Middle School Middle Regular 1,153 50 7
Homestead High School High Regular 2,406 94 9

Cherry Chase Elementary School

  • Education Level: Primary
  • # of students: 871
  • # of teachers: 34
9
GreatSchools Rating

Sunnyvale Middle School

  • Education Level: Middle
  • # of students: 1,153
  • # of teachers: 50
7
GreatSchools Rating

Homestead High School

  • Education Level: High
  • # of students: 2,406
  • # of teachers: 94
9
GreatSchools Rating
 

$1,620,000$1,980,000$1,800,000

PURCHASE PRICE

$3,510$4,290$3,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,900
EXPENSES Loan Payment -$6,641
Property Tax -$1,805
Property Insurance -$57
Property Management Fees -$152
CASH FLOW
-$4,755

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.

$1,800,000

PROJECTED PRICE

$3,900

PROJECTED RENT

0.22%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M$7.0M

PROJECTED ANNUAL CASH FLOW

11530-$70k-$60k-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M$7.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$482,750

INVESTMENT

$482,750

Down Payment
$450,000
Rehab Estimate
$5,750
Closing Costs
$27,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$6,641

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $450,000
Loan Amount $1,350,000
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$351

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,894

    COMP ESTIMATED VALUE
  • $3.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,2753$4,4004$4,5955$4,600
$4,600
RENT COMPS ANALYSIS
  • 1047 Mango Ave Sunnyvale, CA 1
    • 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 1953
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 156 Matadero Dr Sunnyvale, CA 2
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1956
    property image
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,275
    • $2.89
    •  
  • 1248 Heatherstone Way Sunnyvale, CA 3
    • 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1953
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $3.08
    •  
  • 886 Pyrus Way Sunnyvale, CA 4
    • 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1963
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,595
    • $3.37
    •  
  • 488 Purisima Ave Sunnyvale, CA 5
    • 3 beds 2 baths ∙ 1,449 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,449 Sqft ∙ Built 1956
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $3.17
    •  
PROPERTY LISTING DETAILS
Dorothy Liu
Compass
BESbswy