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1473 Ramon Dr Sunnyvale, CA 94087

5 Beds 4 Baths 2,000 sqft Built 1950

INVESTimate

$1,999,888

List Price

$5,160

$4,910 - $5,410

Rent Est.

$2,261,273  ( +13.07%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 1950
  • Price/Sqft : $999.94
  • 2 Days on Market
  • MLS # : BE40913252
  • Updated Date : 08/25/2020 at 16:54
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,000 sqft
  • Baths : 4 full
Listing Agent

Keller Williams Tri-valley

Listing Agent's Description

Look No Further! Fabulous East facing Raynor Park move-in-ready executive home with resort like feel and landscaping. Attractive location within walking distance to Apple HQ, close to HWY, restaurants, grocery stores and not to mention award winning schools. Modern open floor plan, gleaming hardwood floors, inviting and functional large U-shaped kitchen with stainless steel appliances, large skylight filling the home with sunshine, five spacious bedrooms with ample closet space. This luxurious home has two Master suites, one with independent exterior access. The park like private yard is a dream come true with lush flower beds, herbs, vegetables and mature passion fruit trees. But wait, there is more. This home also has side access to a covered carport for RV/Boat parking or future garage. The large detached in-law suite looks and feel like a hotel suite and has a separate side yard access. The possibilities are endless and the living is fantastic. Welcome Home!

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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: Raynor Park

NeighborhoodNIR Market*CityMarket2010Year20002019400k600k800k1000k1200k1400k1600k1800kPrice in $373k1992k

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

Neighborhood: Raynor Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21800200022002400260028003000320034003600380040004200Rent in $17854324

* 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
Laurelwood Elementary School Primary Regular 689 24 9
Peterson Middle School Middle Regular 898 39 7
Adrian Wilcox High School High Regular 1,936 86 8

Laurelwood Elementary School

  • Education Level: Primary
  • # of students: 689
  • # of teachers: 24
9
GreatSchools Rating

Peterson Middle School

  • Education Level: Middle
  • # of students: 898
  • # of teachers: 39
7
GreatSchools Rating

Adrian Wilcox High School

  • Education Level: High
  • # of students: 1,936
  • # of teachers: 86
8
GreatSchools Rating
 

$1,799,899$2,199,877$1,999,888

PURCHASE PRICE

$4,644$5,676$5,160

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$8.0M

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$8.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,160
EXPENSES Loan Payment -$7,379
Property Tax -$1,917
Property Insurance -$75
Property Management Fees -$201
CASH FLOW
-$4,413

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.

$1,999,888

PROJECTED PRICE

$5,160

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.07%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$535,720

INVESTMENT

$535,720

Down Payment
$499,972
Rehab Estimate
$5,750
Closing Costs
$29,998

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$7,379

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $499,972
Loan Amount $1,499,916
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$116

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,160

    LIST RENT
  • $2.58

    LIST RENT PER SQFT
  • $4,940

    COMP ESTIMATED VALUE
  • $2.47

    COMP AVG. RENT PER SQFT
Comps Range
$4,300
1$4,3002$5,160
$5,160
RENT COMPS ANALYSIS
  • 1473 Ramon Dr Sunnyvale, 2
    • 5 beds 4 baths ∙ 2,000 Sqft ∙ Built 1950 5 beds 4 baths ∙ 2,000 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $5,160
    • $2.58
    •  
  • 19790 Auburn Dr Cupertino, 1
    • 4 beds 3 baths ∙ 1,738 Sqft ∙ Built 1962 4 beds 3 baths ∙ 1,738 Sqft ∙ Built 1962
    LEASED 04/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $2.47
    •  
PROPERTY LISTING DETAILS
Annie Baig
Keller Williams Tri-valley
BESbswy