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PROPERTY INFO
FACTS
- Single Family
- Built In 1958
- Price/Sqft : $1,480.74
- 3 Days on Market
- MLS # : ML81821568
- Updated Date : 11/28/2020 at 16:16
CONSTRUCTION
- Beds : 3
- Floor Size : 1,194 sqft
- Baths : 2 full
Listing Agent
Compass
Listing Agent's Description
Live in this charming Cupertino neighborhood with top-rated schools and close-by shopping. Single-story layout with an ideal floor plan. True oak hardwood floors. A sunny yard with a covered patio and a large front lawn, add to the space of the home. A highly sought-after neighborhood with great schools, nearby shopping and pride-of-ownership charm, will bring you joy the moment you turn the key and call it home. Wood-burning brick fireplace. Dual-pane windows. Eat-in Kitchen with sunny window, oak kitchen cabinets with faux-granite Formica countertops. Dual, stainless-steel sink with garbage disposal, electric range with range hood. Hall bath with skylight. Master bedroom with extra cabinet in full bath with stall shower. Vertical blinds Over-sized, 2-car garage with Washer/Dryer. A true gem.
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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: Southside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,530 |
| EXPENSES | Loan Payment | -$6,523 |
| Property Tax | -$1,875 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$138 | |
|
CASH FLOW
-$5,062
|
||
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.
$1,768,000
PROJECTED PRICE
$3,530
PROJECTED RENT
0.20%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 10.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.40% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$474,270
LOAN DETAILS
$6,523
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $442,000 |
| Loan Amount | $1,326,000 |
-0.33
YEARS SAVED
$4,886
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,542
COMP ESTIMATED VALUE -
$2.97
COMP AVG. RENT PER SQFT
Comps Range
-
7508 Orange Blossom Dr Cupertino, CA 1
- 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 1958
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
6862 Westmoor Way San Jose, CA 2
- 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1959
![property image]()
LEASED 06/01/19- Rent
- Rent Per SQFT
- $4,000
- $3.08
-
10470 Westacres Dr Cupertino, CA 3
- 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1961
![property image]()
LEASED 11/11/20- Rent
- Rent Per SQFT
- $4,300
- $2.84
-
1165 Johnson Ave San Jose, CA 4
- 4 beds 3 baths ∙ 1,510 Sqft ∙ Built 1965 4 beds 3 baths ∙ 1,510 Sqft ∙ Built 1965
![property image]()
LEASED 04/11/20- Rent
- Rent Per SQFT
- $4,500
- $2.98
PROPERTY LISTING DETAILS
Compass
