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11813 Trinity Spring Ct Cupertino, CA 95014

3 Beds 3 Baths 1,645 sqft Built 1989

INVESTimate

$1,899,000

List Price

$4,490

$4,240 - $4,740

Rent Est.

$2,110,359  ( +11.13%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $1,154.41
  • 6 Days on Market
  • MLS # : ML81806917
  • Updated Date : 08/21/2020 at 22:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,645 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Moved in this fabulous remodeled 7 Springs home features 3 bedrooms / 2.5 bathrooms. Dramatic high ceiling in living/dinning room, Hardwood floor, custom kitchen cabinet with quartz countertop & stainless steel appliances, Spacious Master Suite with vaulted ceiling, skylight, double sinks & shower. Low maintenance backyard with paver and vegetable beds. Outstanding Cupertino schools nearby. Enjoy the private parks, pools and tennis courts in this resort-like Seven Springs Community! Convenient location - easy access to highway 85 & 280, H-Mark & Safeway shopping centers near-by!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Westside

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800k2000k2200k2400k2600kPrice in $411k2605k

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

Neighborhood: Westside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000250030003500400045005000Rent in $19075240

* 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
Regnart Elementary School Primary Regular 537 22 9
Kennedy Middle School Middle Regular 1,467 60 9
Monta Vista High School High Regular 2,357 92 10

Regnart Elementary School

  • Education Level: Primary
  • # of students: 537
  • # of teachers: 22
9
GreatSchools Rating

Kennedy Middle School

  • Education Level: Middle
  • # of students: 1,467
  • # of teachers: 60
9
GreatSchools Rating

Monta Vista High School

  • Education Level: High
  • # of students: 2,357
  • # of teachers: 92
10
GreatSchools Rating
 

$1,709,100$2,088,900$1,899,000

PURCHASE PRICE

$4,041$4,939$4,490

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,490
EXPENSES Loan Payment -$7,006
Property Tax -$2,014
Property Insurance -$67
HOA -$260
Property Management Fees -$175
CASH FLOW
-$5,032

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.

$1,899,000

PROJECTED PRICE

$4,490

PROJECTED RENT

0.24%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.13%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$508,985

INVESTMENT

$508,985

Down Payment
$474,750
Rehab Estimate
$5,750
Closing Costs
$28,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$7,006

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $474,750
Loan Amount $1,424,250
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

-$25

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,490

    LIST RENT
  • $2.73

    LIST RENT PER SQFT
  • $4,524

    COMP ESTIMATED VALUE
  • $2.75

    COMP AVG. RENT PER SQFT
Comps Range
$4,490
1$4,4902$5,200
$5,200
RENT COMPS ANALYSIS
  • 11813 Trinity Spring Ct Cupertino, 1
    • 3 beds 3 baths ∙ 1,645 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,645 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $4,490
    • $2.73
    •  
  • 10891 Santa Teresa Dr Cupertino, 2
    • 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 1969
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,200
    • $2.75
    •  
PROPERTY LISTING DETAILS
Cynthia Cheung
Compass
BESbswy