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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.
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: De Anza
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$482,750
LOAN DETAILS
$6,641
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $450,000 |
| Loan Amount | $1,350,000 |
-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.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,894
COMP ESTIMATED VALUE -
$3.13
COMP AVG. RENT PER SQFT
Comps Range
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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]()
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- Rent Per SQFT
- $0
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156 Matadero Dr Sunnyvale, CA 2
- 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1956
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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
Compass
