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902 Bainbridge Ct Sunnyvale, CA 94087

3 Beds 2 Baths 1,799 sqft Built 1957

$1,998,000

List Price

$4,760

$4.5K - $5K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $1,110.62
  • 5 Days on Market
  • MLS # : ML81821952
  • Updated Date : 12/04/2020 at 14:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,799 sqft
  • Baths : 2 full
Listing Agent

Deleon Realty

Listing Agent's Description

Set on a spacious corner lot of nearly 7,800 square feet, this bright, inviting home offers 3 bedrooms, 2 bathrooms, and almost 1,800 square feet of living space. Excellent use of glass fills the home with natural light, highlighting stylish appointments including rich hardwood floors and elegant crown molding. Highlights of the home include an inviting 2-way fireplace centering both the living room and the family room, the kitchen with stainless-steel appliances, and the spacious master suite with an oversized walk-in closet. Experience indoor/outdoor living as multiple rooms open to the peaceful backyard, which offers great space for outdoor enjoyment with ample patio space. This great location is close to numerous parks, a short trip to downtown Sunnyvale, and it offers easy access to Highway 85 for Bay Area commuting. Plus, this home enjoys access to top-ranked Cupertino Union and Fremont Union High schools (buyer to verify eligibility).

SEE MORE

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: Wrightmont Corners

NeighborhoodNIR Market*CityMarket2010Year20002019500k1000k1500k2000k2500k3000k3500kPrice in $411k3581k

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

Neighborhood: Wrightmont Corners

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2200025003000350040004500500055006000650070007500Rent in $19077715

* 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
West Valley Elementary School Primary Regular 628 25 9
Cupertino Middle School Middle Regular 1,434 63 8
Homestead High School High Regular 2,406 94 9

West Valley Elementary School

  • Education Level: Primary
  • # of students: 628
  • # of teachers: 25
9
GreatSchools Rating

Cupertino Middle School

  • Education Level: Middle
  • # of students: 1,434
  • # of teachers: 63
8
GreatSchools Rating

Homestead High School

  • Education Level: High
  • # of students: 2,406
  • # of teachers: 94
9
GreatSchools Rating
 

$1,798,200$2,197,800$1,998,000

PURCHASE PRICE

$4,284$5,236$4,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,760
EXPENSES Loan Payment -$7,372
Property Tax -$2,041
Property Insurance -$71
Property Management Fees -$186
CASH FLOW
-$4,908

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.

$1,998,000

PROJECTED PRICE

$4,760

PROJECTED RENT

0.24%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.41%
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$8.0M

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$7.0M$8.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$535,220

INVESTMENT

$535,220

Down Payment
$499,500
Rehab Estimate
$5,750
Closing Costs
$29,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$7,372

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $499,500
Loan Amount $1,498,500
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$271

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
  • $5,163

    COMP ESTIMATED VALUE
  • $2.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,2803$4,5004$5,7005$5,750
$5,750
RENT COMPS ANALYSIS
  • 902 Bainbridge Ct Sunnyvale, CA 1
    • 3 beds 2 baths ∙ 1,799 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,799 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1024 Havre Ct Sunnyvale, CA 2
    • 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1956
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,280
    • $2.67
    •  
  • 1277 Mandarin Dr Sunnyvale, CA 3
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1959
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.77
    •  
  • 826 Louise Dr Sunnyvale, CA 4
    • 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 1959
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,700
    • $2.90
    •  
  • 1320 S Bernardo Ave Sunnyvale, CA 5
    • 4 beds 3 baths ∙ 1,830 Sqft ∙ Built 1957 4 beds 3 baths ∙ 1,830 Sqft ∙ Built 1957
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,750
    • $3.14
    •  
PROPERTY LISTING DETAILS
Deleon Team
Deleon Realty
BESbswy