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1674 S Wolfe Rd Sunnyvale, CA 94087

4 Beds 2 Baths 1,595 sqft Built 1958

INVESTimate

$1,698,000

List Price

$4,450

$4,200 - $4,700

Rent Est.

$1,939,286  ( +14.21%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1958
  • Price/Sqft : $1,064.58
  • 6 Days on Market
  • MLS # : ML81803438
  • Updated Date : 08/24/2020 at 03:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,595 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Bright home w/ lots of natural light! 4 Beds, 2 Baths in the heart of Sunnyvale next to Apple campus. Large open kitchen w/ island, enjoy breakfast bar under pendant lights. New kitchen appliances w/ granite countertops. New recessed lightings all around the house with sky tunnels to save energy during the daytime. Brand new painting internally with dual-paned windows. New laminate flooring throughout the whole house. Upgrade bathrooms have tile flooring w/ vanity top single sink & wood cabinets. New fence built in the front for privacy & safety. Beautifully landscaped front & backyard. Easy access to all shopping areas, restaurants, hospitals, and major highways within mins. Only a few blocks away from Apple Spaceship Campus. Close to Cupertino Village Shopping Centers, New Downtown Cupertino ( Mainstreet) Easy Access to Highway 280 You don't want to miss this opportunity.

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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: Birdland

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800kPrice in $411k1984k

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

Neighborhood: Birdland

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $19074493

* 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
 

$1,528,200$1,867,800$1,698,000

PURCHASE PRICE

$4,005$4,895$4,450

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-$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 $4,450
EXPENSES Loan Payment -$6,265
Property Tax -$1,628
Property Insurance -$66
Property Management Fees -$174
CASH FLOW
-$3,682

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.

$1,698,000

PROJECTED PRICE

$4,450

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.21%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$455,720

INVESTMENT

$455,720

Down Payment
$424,500
Rehab Estimate
$5,750
Closing Costs
$25,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,265

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $424,500
Loan Amount $1,273,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$84

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
  • $4,665

    COMP ESTIMATED VALUE
  • $2.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,4953$4,5754$4,5985$4,995
$4,995
RENT COMPS ANALYSIS
  • 1674 S Wolfe Rd Sunnyvale, 1
    • 4 beds 2 baths ∙ 1,595 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,595 Sqft ∙ Built 1958
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1479 Chukar Ct Sunnyvale, 2
    • 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1971
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,495
    • $2.91
    •  
  • 854 Cornwall Ct Sunnyvale, 3
    • 4 beds 2 baths ∙ 1,478 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,478 Sqft ∙ Built 1961
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,575
    • $3.10
    •  
  • 781 Durshire Way Sunnyvale, 4
    • 4 beds 2 baths ∙ 1,664 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,664 Sqft ∙ Built 1962
    property image
    LEASED 05/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,598
    • $2.76
    •  
  • 445 Giannini Dr Santa Clara, 5
    • 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 1958
    property image
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,995
    • $2.93
    •  
PROPERTY LISTING DETAILS
Anson Ip
Compass
BESbswy