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7607 Kirwin Ln Cupertino, CA 95014

3 Beds 2 Baths 1,234 sqft Built 1959

$1,988,000

List Price

$3,630

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $1,611.02
  • 23 Days on Market
  • MLS # : ML81823680
  • Updated Date : 01/08/2021 at 07:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,234 sqft
  • Baths : 2 full
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Top rated Cupertino Schools. Monta Vista High (buyer must verify). Ideal location near Apple, De Anza College, freeway access, dining, shopping and entertainment. Remodeled less than three years ago with designer colors and tasteful finishes. Hardwood floors throughout the living spaces. Kitchen boasts granite counter tops, hardwood cabinetry and additional custom storage-cabinetry in the eating area. Double-pane windows. Large back patio for entertaining. Low maintenance yard. More photos available.

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: 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
Lincoln Elementary School Primary Regular 720 28 9
Lawson Middle School Middle Regular 1,195 52 9
Monta Vista High School High Regular 2,357 92 10

Lincoln Elementary School

  • Education Level: Primary
  • # of students: 720
  • # of teachers: 28
9
GreatSchools Rating

Lawson Middle School

  • Education Level: Middle
  • # of students: 1,195
  • # of teachers: 52
9
GreatSchools Rating

Monta Vista High School

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

$1,789,200$2,186,800$1,988,000

PURCHASE PRICE

$3,267$3,993$3,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,630
EXPENSES Loan Payment -$6,905
Property Tax -$2,334
Property Insurance -$57
Property Management Fees -$142
CASH FLOW
-$5,808

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.

$1,988,000

PROJECTED PRICE

$3,630

PROJECTED RENT

0.18%

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$7.0M

PROJECTED ANNUAL CASH FLOW

11530-$90k-$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$532,570

INVESTMENT

$532,570

Down Payment
$497,000
Rehab Estimate
$5,750
Closing Costs
$29,820

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,905

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $497,000
Loan Amount $1,491,000
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$12,646

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
  • $3,634

    COMP ESTIMATED VALUE
  • $2.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,9503$3,9954$4,2995$4,300
$4,300
RENT COMPS ANALYSIS
  • 7607 Kirwin Ln Cupertino, CA 1
    • 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 20832 Elenda Dr Cupertino, CA 2
    • 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 1973
    property image
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $3.02
    •  
  • 873 Lily Cupertino, CA 3
    • 4 beds 2 baths ∙ 1,388 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,388 Sqft ∙ Built 1960
    property image
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $2.88
    •  
  • 20345 Clifden Way Cupertino, CA 4
    • 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1960
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,299
    • $3.04
    •  
  • 10470 Westacres Dr Cupertino, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Alisa Dezee
Intero Real Estate Services
BESbswy