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932 September Dr Cupertino, CA 95014

4 Beds 2 Baths 1,677 sqft Built 1961

$1,898,000

List Price

$4,660

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $1,131.78
  • 2 Days on Market
  • MLS # : ML81823118
  • Updated Date : 12/12/2020 at 21:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,677 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

This house is a 10. From the updated Baths and Beautifully re-finished Real Hardwood flooring to the Updated Kitchen complete with Stainless appliances and professionally painted cabinetry. This is one to see. The front and rear yards have been newly landscaped. Did I mention the over 100 year old "Bonsai" tree in the front yard. Skylights galore and they all open for fresh air or close them for newer central A/C and Heat. An additional Bonus room of 305 sq. ft ( Permits unknown) completes this home. Schools are top notch, Lincoln, Kennedy and Monta Vista. Being close to 85 is a plus as Apple is nearby.

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: 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
Kennedy Middle School Middle Regular 1,467 60 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

Kennedy Middle School

  • Education Level: Middle
  • # of students: 1,467
  • # of teachers: 60
9
GreatSchools Rating

Monta Vista High School

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

$1,708,200$2,087,800$1,898,000

PURCHASE PRICE

$4,194$5,126$4,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,660
EXPENSES Loan Payment -$7,003
Property Tax -$2,013
Property Insurance -$68
Property Management Fees -$182
CASH FLOW
-$4,605

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.

$1,898,000

PROJECTED PRICE

$4,660

PROJECTED RENT

0.25%

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-$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$508,720

INVESTMENT

$508,720

Down Payment
$474,500
Rehab Estimate
$5,750
Closing Costs
$28,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$7,003

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $474,500
Loan Amount $1,423,500
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$239

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
  • $4,742

    COMP ESTIMATED VALUE
  • $2.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,3003$4,5004$4,6955$5,200
$5,200
RENT COMPS ANALYSIS
  • 932 September Dr Cupertino, CA 1
    • 4 beds 2 baths ∙ 1,677 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,677 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10470 Westacres Dr Cupertino, CA 2
    • 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1961
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $2.84
    •  
  • 10654 Martinwood Way Cupertino, CA 3
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1962
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.91
    •  
  • 21541 Regnart Rd Cupertino, CA 4
    • 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 1966 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 1966
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,695
    • $2.66
    •  
  • 1107 Derbyshire Dr Cupertino, CA 5
    • 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 1960
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,200
    • $2.90
    •  
PROPERTY LISTING DETAILS
Mike Uhri
Coldwell Banker Realty
BESbswy