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134 Azalea Dr Mountain View, CA 94041

3 Beds 3 Baths 1,839 sqft Built 2008

$1,788,800

List Price

$4,550

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $972.70
  • 2 Days on Market
  • MLS # : ML81822376
  • Updated Date : 12/05/2020 at 11:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,839 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Beautiful home, located in premier downtown Mountain View! A short walk to the famous Castro Street, featuring an abundance of restaurants (with plentiful outdoor dining), retail, the Mountain View Library, and year-round outdoor Farmers Market. This modern, upgraded home offers gigabit and fiber internet connection. Each and every room is wired with Cat5 Ethernet and cable jacks. A spacious living room with soaring 15' ceilings can also serve as an in-home office & workout area, perfect for sheltering in place! With 3 bd on the top floor, along with a convenient laundry room upstairs, no design idea was neglected! A dual zone heat/ac system efficiently keeps the home comfortable. You will love this corner unit as it allows for the largest sq ft possible, setting up a perfect wrap around porch and outdoor space to enjoy outdoors. Top schools, conveniently located near commute arteries and walking access to both VTA and Caltrain! Easy to show! https://tinyurl.com/yauvyc75

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Old Mountain View

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800k2000kPrice in $411k2109k

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

Neighborhood: Old Mountain View

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000250030003500400045005000Rent in $18015183

* 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
Edith Landels Elementary School Primary Regular 538 22 8
Graham Middle School Middle Regular 781 39 7
Mountain View High School High Regular 1,836 95 9

Edith Landels Elementary School

  • Education Level: Primary
  • # of students: 538
  • # of teachers: 22
8
GreatSchools Rating

Graham Middle School

  • Education Level: Middle
  • # of students: 781
  • # of teachers: 39
7
GreatSchools Rating

Mountain View High School

  • Education Level: High
  • # of students: 1,836
  • # of teachers: 95
9
GreatSchools Rating
 

$1,609,920$1,967,680$1,788,800

PURCHASE PRICE

$4,095$5,005$4,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,550
EXPENSES Loan Payment -$6,600
Property Tax -$1,879
Property Insurance -$72
HOA -$248
Property Management Fees -$177
CASH FLOW
-$4,426

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.

$1,788,800

PROJECTED PRICE

$4,550

PROJECTED RENT

0.25%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.5%
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$479,782

INVESTMENT

$479,782

Down Payment
$447,200
Rehab Estimate
$5,750
Closing Costs
$26,832

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,600

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $447,200
Loan Amount $1,341,600
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$267

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
  • $4,561

    COMP ESTIMATED VALUE
  • $2.48

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,9953$4,2884$4,9005$5,700
$5,700
RENT COMPS ANALYSIS
  • 134 Azalea Dr Mountain View, CA 1
    • 3 beds 3 baths ∙ 1,839 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,839 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 120 Azalea Dr Mountain View, CA 2
    • 3 beds 3 baths ∙ 1,844 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,844 Sqft ∙ Built 2008
    property image
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $2.17
    •  
  • 143 Orbit Way Mountain View, CA 3
    • 3 beds 4 baths ∙ 1,700 Sqft ∙ Built 2018 3 beds 4 baths ∙ 1,700 Sqft ∙ Built 2018
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,288
    • $2.52
    •  
  • 926 Camille Ln Mountain View, CA 4
    • 3 beds 4 baths ∙ 2,022 Sqft ∙ Built 2000 3 beds 4 baths ∙ 2,022 Sqft ∙ Built 2000
    property image
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $2.42
    •  
  • 364 N Whisman Rd A Mountain View, CA 5
    • 3 beds 3 baths ∙ 2,032 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,032 Sqft ∙ Built 1990
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,700
    • $2.81
    •  
PROPERTY LISTING DETAILS
Michael Huang
Compass
BESbswy