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10751 Martinwood Way Cupertino, CA 95014

4 Beds 2 Baths 1,754 sqft Built 1962

$1,999,000

List Price

$4,270

$4K - $4.5K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1962
  • Price/Sqft : $1,139.68
  • 5 Days on Market
  • MLS # : ML81818790
  • Updated Date : 11/04/2020 at 12:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,754 sqft
  • Baths : 2 full
Listing Agent

Greenfield Group

Listing Agent's Description

Come home and enjoy one of the most sought after neighborhoods in Cupertino. Relax yourself inside this house while enjoying the lifestyle of Silicon Valley, with close proximity to Eaton Elementary. Don't miss Creekside Park- just a short walk away. Main Street Cupertino is 5 to 10 minutes drive. Easy access to Apple Spaceship Campus & all Major Freeways. Excellent Cupertino Schools: Eaton Elementary, Lawson Middle & Cupertino High School. This is the house you have been waiting for to call it home. The choice is yours to make! This remodeled property features hardwood floor, an updated granite kitchen with cherry cabinets. Garden window next to kitchen sink & Island in the middle. Spacious updated bathrooms with new mirrors. Master Bath has Double Vanity. Recess Lightning. Crown Molding. Bay Window inside Master. New Landscaping in Front & Back Yard. New Interior & Exterior Painting. New Gutter. All new Rod/Drapery. Large Back Yard with fruit trees for BBQ & outdoor activities.

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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: Eastside

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800k2000k2200kPrice in $411k2207k

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

Neighborhood: Eastside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2200022002400260028003000320034003600380040004200440046004800Rent in $19074850

* 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
Eaton Elementary School Primary Regular 635 25 9
Lawson Middle School Middle Regular 1,195 52 9
Cupertino High School High Regular 2,168 87 9

Eaton Elementary School

  • Education Level: Primary
  • # of students: 635
  • # of teachers: 25
9
GreatSchools Rating

Lawson Middle School

  • Education Level: Middle
  • # of students: 1,195
  • # of teachers: 52
9
GreatSchools Rating

Cupertino High School

  • Education Level: High
  • # of students: 2,168
  • # of teachers: 87
9
GreatSchools Rating
 

$1,799,100$2,198,900$1,999,000

PURCHASE PRICE

$3,843$4,697$4,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,270
EXPENSES Loan Payment -$7,375
Property Tax -$2,146
Property Insurance -$69
Property Management Fees -$167
CASH FLOW
-$5,487

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.

$1,999,000

PROJECTED PRICE

$4,270

PROJECTED RENT

0.21%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.8%
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-$80k-$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$535,485

INVESTMENT

$535,485

Down Payment
$499,750
Rehab Estimate
$5,750
Closing Costs
$29,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$7,375

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $499,750
Loan Amount $1,499,250
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$2,141

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,270

    LIST RENT
  • $2.43

    LIST RENT PER SQFT
  • $4,236

    COMP ESTIMATED VALUE
  • $2.42

    COMP AVG. RENT PER SQFT
Comps Range
$4,100
1$4,1002$4,1953$4,2704$4,6005$4,898
$4,898
RENT COMPS ANALYSIS
  • 10751 Martinwood Way Cupertino, CA 3
    • 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,270
    • $2.43
    •  
  • Westmoor Way San Jose, CA 1
    • 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1959
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $2.30
    •  
  • 10231 Parish Pl Cupertino, CA 2
    • 3 beds 3 baths ∙ 1,805 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,805 Sqft ∙ Built 1976
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,195
    • $2.32
    •  
  • 6663 Devonshire Dr San Jose, CA 4
    • 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 1957
    property image
    LEASED 05/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $2.46
    •  
  • 10597 John Way Cupertino, CA 5
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1951 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1951
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,898
    • $2.58
    •  
PROPERTY LISTING DETAILS
Michael Koo
Greenfield Group
BESbswy