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922 Leighton Way Sunnyvale, CA 94087

3 Beds 2 Baths 1,530 sqft Built 1958

$1,698,888

List Price

$4,100

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $1,110.38
  • 4 Days on Market
  • MLS # : ML81821525
  • Updated Date : 11/28/2020 at 18:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,530 sqft
  • Baths : 2 full
Listing Agent

Kw Peninsula Estates

Listing Agent's Description

Don't miss this light and bright happy home that the current family has lived in for over 30 years*Beautifully updated kitchen and baths*Master suite*New, stylish laminate flooring throughout*All new interior paint*Stunning white on white kitchen with new cooktop and newer dishwasher*Huge separate family room opens to private, fenced back yard with large patio and built-in BBQ*Spacious garden shed could be cute playhouse*A new roof and gutters top it all off* Make this yours and move-in before the Holidays*Fabulously located on quiet street less than 1 mile from from the Apple Campus*Walking distance to shopping, dining and top rated schools*Easy access to HWY 280.

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: Birdland

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800kPrice in $411k1984k

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

Neighborhood: Birdland

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $19074493

* 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
Laurelwood Elementary School Primary Regular 689 24 9
Peterson Middle School Middle Regular 898 39 7
Adrian Wilcox High School High Regular 1,936 86 8

Laurelwood Elementary School

  • Education Level: Primary
  • # of students: 689
  • # of teachers: 24
9
GreatSchools Rating

Peterson Middle School

  • Education Level: Middle
  • # of students: 898
  • # of teachers: 39
7
GreatSchools Rating

Adrian Wilcox High School

  • Education Level: High
  • # of students: 1,936
  • # of teachers: 86
8
GreatSchools Rating
 

$1,528,999$1,868,777$1,698,888

PURCHASE PRICE

$3,690$4,510$4,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,100
EXPENSES Loan Payment -$6,268
Property Tax -$1,629
Property Insurance -$64
Property Management Fees -$160
CASH FLOW
-$4,021

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.

$1,698,888

PROJECTED PRICE

$4,100

PROJECTED RENT

0.24%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.2%
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-$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$455,955

INVESTMENT

$455,955

Down Payment
$424,722
Rehab Estimate
$5,750
Closing Costs
$25,483

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,268

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $424,722
Loan Amount $1,274,166
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$174

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
  • $4,418

    COMP ESTIMATED VALUE
  • $2.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,9003$4,0004$4,4505$4,995
$4,995
RENT COMPS ANALYSIS
  • 922 Leighton Way Sunnyvale, CA 1
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 613 Harvard Ave 611 Santa Clara, CA 2
    • 3 beds 3 baths ∙ 1,338 Sqft ∙ Built 1966 3 beds 3 baths ∙ 1,338 Sqft ∙ Built 1966
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $2.91
    •  
  • 19866 Beekman Pl Cupertino, CA 3
    • 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1972
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.80
    •  
  • 1546 Murre Ln Sunnyvale, CA 4
    • 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1961
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,450
    • $2.91
    •  
  • 445 Giannini Dr Santa Clara, CA 5
    • 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 1958
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,995
    • $2.93
    •  
PROPERTY LISTING DETAILS
Amy Anderson
Kw Peninsula Estates
BESbswy