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888 Russet Dr Sunnyvale, CA 94087

3 Beds 3 Baths 1,916 sqft Built 1965

$1,888,000

List Price

$4,810

$4.6K - $5.1K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 1965
  • Price/Sqft : $985.39
  • 2 Days on Market
  • MLS # : ML81819398
  • Updated Date : 11/07/2020 at 16:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,916 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

MARKET HIGHLIGHTS

  • 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)
  • San Jose metro has 67.6% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: De Anza

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800k2000kPrice in $411k2083k

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

Neighborhood: De Anza

NeighborhoodNIR Market*CityMarket2010Year20002019 Q220002200240026002800300032003400360038004000420044004600Rent in $19074782

* 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
Cumberland Elementary School Primary Regular 746 29 9
Sunnyvale Middle School Middle Regular 1,153 50 7
Fremont High School High Regular 1,965 87 7

Cumberland Elementary School

  • Education Level: Primary
  • # of students: 746
  • # of teachers: 29
9
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
 

$1,699,200$2,076,800$1,888,000

PURCHASE PRICE

$4,329$5,291$4,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,810
EXPENSES Loan Payment -$6,966
Property Tax -$1,867
Property Insurance -$73
Property Management Fees -$188
CASH FLOW
-$4,284

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.

$1,888,000

PROJECTED PRICE

$4,810

PROJECTED RENT

0.25%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.9%
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-$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$506,070

INVESTMENT

$506,070

Down Payment
$472,000
Rehab Estimate
$5,750
Closing Costs
$28,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,966

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $472,000
Loan Amount $1,416,000
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$151

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,810

    LIST RENT
  • $2.51

    LIST RENT PER SQFT
  • $4,895

    COMP ESTIMATED VALUE
  • $2.56

    COMP AVG. RENT PER SQFT
Comps Range
$4,500
1$4,5002$4,7003$4,8104$4,9505$5,295
$5,295
RENT COMPS ANALYSIS
  • 888 Russet Dr Sunnyvale, CA 3
    • 3 beds 3 baths ∙ 1,916 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,916 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $4,810
    • $2.51
    •  
  • 584 Trumbull Ct Sunnyvale, CA 1
    • 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 1967 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 1967
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.27
    •  
  • 153 Carlisle Way Sunnyvale, CA 2
    • 4 beds 2 baths ∙ 1,977 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,977 Sqft ∙ Built 1966
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $2.38
    •  
  • 1006 Pepper Ave Sunnyvale, CA 4
    • 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1963 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1963
    LEASED 05/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,950
    • $2.83
    •  
  • 492 Nuestra Ave Sunnyvale, CA 5
    • 4 beds 3 baths ∙ 1,933 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,933 Sqft ∙ Built 1978
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,295
    • $2.74
    •  
PROPERTY LISTING DETAILS
Diyar Essaid
Coldwell Banker Realty
BESbswy