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1472 Floyd Ave Sunnyvale, CA 94087

3 Beds 2 Baths 1,555 sqft Built 1960

$1,895,000

List Price

$4,230

$4K - $4.5K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $1,218.65
  • 6 Days on Market
  • MLS # : ML81819782
  • Updated Date : 11/10/2020 at 16:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,555 sqft
  • Baths : 2 full
Listing Agent

Realty Experts

Listing Agent's Description

Fantastic Location! Rarely available tucked away neighborhood. Great single story floor plan! Super cute professionally painted front to back, top to bottom. 5 year new roof! Beautiful Hardwood floors are done! Dual pane windows, Plantation shutters. Updated kitchen cabinets and counter. Refrigerator included! Skylights. Dedicated laundry room off kitchen, washer and dryer included! Work from home office off master bedroom. 2 car finished garage with ample storage above. Backyard covered concrete patio, fruit trees (apricot, apple, lemon, orange persimmons) and a large side yard! Brand New garage door! 2 miles from Apple Headquarters and top Silicon Valley employers! Wonderful neighborhood rarely hit's the market! Award winning schools, Short walk to Stocklmeir Elementary School and Ortega Park..

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Ortega

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800k2000kPrice in $411k2032k

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

Neighborhood: Ortega

NeighborhoodNIR Market*CityMarket2010Year20002019 Q220002200240026002800300032003400360038004000420044004600Rent in $19074636

* 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
Stocklmeir Elementary School Primary Regular 1,211 50 9
Cupertino Middle School Middle Regular 1,434 63 8
Fremont High School High Regular 1,965 87 7

Stocklmeir Elementary School

  • Education Level: Primary
  • # of students: 1,211
  • # of teachers: 50
9
GreatSchools Rating

Cupertino Middle School

  • Education Level: Middle
  • # of students: 1,434
  • # of teachers: 63
8
GreatSchools Rating

Fremont High School

  • Education Level: High
  • # of students: 1,965
  • # of teachers: 87
7
GreatSchools Rating
 

$1,705,500$2,084,500$1,895,000

PURCHASE PRICE

$3,807$4,653$4,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,230
EXPENSES Loan Payment -$6,992
Property Tax -$1,922
Property Insurance -$65
Property Management Fees -$165
CASH FLOW
-$4,913

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.

$1,895,000

PROJECTED PRICE

$4,230

PROJECTED RENT

0.22%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.4%
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$507,925

INVESTMENT

$507,925

Down Payment
$473,750
Rehab Estimate
$5,750
Closing Costs
$28,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $473,750
Loan Amount $1,421,250
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$339

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,230

    LIST RENT
  • $2.72

    LIST RENT PER SQFT
  • $4,253

    COMP ESTIMATED VALUE
  • $2.74

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$4,2003$4,2304$4,3505$4,500
$4,500
RENT COMPS ANALYSIS
  • 1472 Floyd Ave Sunnyvale, CA 3
    • 3 beds 2 baths ∙ 1,555 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,555 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $4,230
    • $2.72
    •  
  • 1076 Rembrandt Dr Sunnyvale, CA 1
    • 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 1963
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.49
    •  
  • 1546 Murre Ln Sunnyvale, CA 2
    • 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1961
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.75
    •  
  • 1479 Chukar Ct Sunnyvale, CA 4
    • 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1971
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $2.82
    •  
  • 1342 Bobolink Cir Sunnyvale, CA 5
    • 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1959
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.88
    •  
PROPERTY LISTING DETAILS
Mark Monico
Realty Experts
BESbswy