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830 Dwight Ave Sunnyvale, CA 94086

4 Beds 2 Baths 1,587 sqft Built 1944

$1,498,000

List Price

$3,500

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1944
  • Price/Sqft : $943.92
  • 18 Days on Market
  • MLS # : ML81820078
  • Updated Date : 11/26/2020 at 14:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,587 sqft
  • Baths : 2 full
Listing Agent

Real Estate Experts

Listing Agent's Description

Style & Luxury in modern Sunnyvale home! This like-new home features extensive upgrades throughout. Spacious open living space with vaulted ceilings, luxury vinyl flooring, & lots of natural light. Gourmet kitchen w/ quartz counters, soft-close cabinets, new stainless steel GE appliances, subway tile backsplash, cozy custom-built kitchenette dining space, +backyard patio access. Highlight of home is the lovely backyard space- atrium between units, perfect for enjoying the warm CA weather. With 2 fully finished units, loft & multiple flex spaces, this property is ideal for multi-generational living. Studio & garage great for use as home office spaces. All new spa-like baths. Additional highlights include all new electrical, new doors, smart home features, new garage door, new driveway. Beautifully maintained yard w/ new fencing, grass, custom succulent planters & mature fruit trees.

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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: East Murphy

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600k1700k1800kPrice in $361k1808k

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

Neighborhood: East Murphy

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2140016001800200022002400260028003000320034003600380040004200Rent in $13904324

* 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
Ellis Elementary School Primary Regular 823 33 5
Sunnyvale Middle School Middle Regular 1,153 50 7
Fremont High School High Regular 1,965 87 7

Ellis Elementary School

  • Education Level: Primary
  • # of students: 823
  • # of teachers: 33
5
GreatSchools Rating

Sunnyvale Middle School

  • Education Level: Middle
  • # of students: 1,153
  • # of teachers: 50
7
GreatSchools Rating

Fremont High School

  • Education Level: High
  • # of students: 1,965
  • # of teachers: 87
7
GreatSchools Rating
 

$1,348,200$1,647,800$1,498,000

PURCHASE PRICE

$3,150$3,850$3,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,500
EXPENSES Loan Payment -$5,527
Property Tax -$1,496
Property Insurance -$65
Property Management Fees -$137
CASH FLOW
-$3,725

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.

$1,498,000

PROJECTED PRICE

$3,500

PROJECTED RENT

0.23%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.19%
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-$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$402,720

INVESTMENT

$402,720

Down Payment
$374,500
Rehab Estimate
$5,750
Closing Costs
$22,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,527

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $374,500
Loan Amount $1,123,500
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$210

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,500

    LIST RENT
  • $2.21

    LIST RENT PER SQFT
  • $4,313

    COMP ESTIMATED VALUE
  • $2.72

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,5003$3,5004$4,2755$4,600
$4,600
RENT COMPS ANALYSIS
  • 830 Dwight Ave Sunnyvale, CA 3
    • 4 beds 2 baths ∙ 1,587 Sqft ∙ Built 1944 4 beds 2 baths ∙ 1,587 Sqft ∙ Built 1944
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.21
    •  
  • 5 Oak Ct Sunnyvale, CA 1
    • 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 1941 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 1941
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.46
    •  
  • 855 Dwight Ave Sunnyvale, CA 2
    • 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1944 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1944
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.35
    •  
  • 156 Matadero Dr Sunnyvale, CA 4
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1956
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,275
    • $2.89
    •  
  • 488 Purisima Ave Sunnyvale, CA 5
    • 3 beds 2 baths ∙ 1,449 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,449 Sqft ∙ Built 1956
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $3.17
    •  
PROPERTY LISTING DETAILS
Brett Jennings Group
Real Estate Experts
BESbswy