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942 Azalea Dr Sunnyvale, CA 94086

4 Beds 2 Baths 1,489 sqft Built 1970

$1,488,000

List Price

$3,960

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $999.33
  • 2 Days on Market
  • MLS # : ML81822356
  • Updated Date : 12/05/2020 at 17:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,489 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Excellent Sunnyvale Opportunity! Four bedroom, two bath over 1400sqft home with lots of potential in a beautiful neighborhood.

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: Ponderosa

NeighborhoodNIR Market*CityMarket2010Year20002019500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600k1700k1800kPrice in $411k1808k

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

Neighborhood: Ponderosa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $18864493

* 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
Braly Elementary School Primary Regular 446 19 6
Peterson Middle School Middle Regular 898 39 7
Adrian Wilcox High School High Regular 1,936 86 8

Braly Elementary School

  • Education Level: Primary
  • # of students: 446
  • # of teachers: 19
6
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
 

$1,339,200$1,636,800$1,488,000

PURCHASE PRICE

$3,564$4,356$3,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,960
EXPENSES Loan Payment -$5,490
Property Tax -$1,438
Property Insurance -$63
Property Management Fees -$154
CASH FLOW
-$3,185

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.

$1,488,000

PROJECTED PRICE

$3,960

PROJECTED RENT

0.27%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$400,070

INVESTMENT

$400,070

Down Payment
$372,000
Rehab Estimate
$5,750
Closing Costs
$22,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $372,000
Loan Amount $1,116,000
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$68

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
  • $3,909

    COMP ESTIMATED VALUE
  • $2.63

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4003$3,9954$4,2005$4,400
$4,400
RENT COMPS ANALYSIS
  • 942 Azalea Dr Sunnyvale, CA 1
    • 4 beds 2 baths ∙ 1,489 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,489 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 609 N Garland Ter Sunnyvale, CA 2
    • 3 beds 3 baths ∙ 1,465 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,465 Sqft ∙ Built 1974
    property image
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.32
    •  
  • 986 Azalea Dr Sunnyvale, CA 3
    • 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1970
    property image
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $2.84
    •  
  • 787 Ajax Dr Sunnyvale, CA 4
    • 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1969
    property image
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.56
    •  
  • 446 Joshua Way Sunnyvale, CA 5
    • 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 1970
    property image
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $2.78
    •  
PROPERTY LISTING DETAILS
Barbara Werner
Compass
BESbswy