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7508 Orange Blossom Dr Cupertino, CA 95014

3 Beds 2 Baths 1,194 sqft Built 1958

$1,768,000

List Price

$3,530

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
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.

SEE MORE

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

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800k2000k2200kPrice in $411k2207k

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

Neighborhood: Southside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2200022002400260028003000320034003600380040004200440046004800Rent in $19074850

* 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
Regnart Elementary School Primary Regular 537 22 9
Kennedy Middle School Middle Regular 1,467 60 9
Monta Vista High School High Regular 2,357 92 10

Regnart Elementary School

  • Education Level: Primary
  • # of students: 537
  • # of teachers: 22
9
GreatSchools Rating

Kennedy Middle School

  • Education Level: Middle
  • # of students: 1,467
  • # of teachers: 60
9
GreatSchools Rating

Monta Vista High School

  • Education Level: High
  • # of students: 2,357
  • # of teachers: 92
10
GreatSchools Rating
 

$1,591,200$1,944,800$1,768,000

PURCHASE PRICE

$3,177$3,883$3,530

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$474,270

INVESTMENT

$474,270

Down Payment
$442,000
Rehab Estimate
$5,750
Closing Costs
$26,520

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,523

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $442,000
Loan Amount $1,326,000
See What Happens When You Reinvest Cash Flow

-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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,542

    COMP ESTIMATED VALUE
  • $2.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,0003$4,3004$4,500
$4,500
RENT COMPS ANALYSIS
  • 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
Connie Miller
Compass
BESbswy