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942 Eton Way 
Sunnyvale, CA
94087
4 Beds 2 Baths 1,652 sqft
Built 1966
INVESTimate
$1,799,888
List Price
$482,720
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PROPERTY INFO
FACTS
- Built In 1966
- Price/Sqft : $1,089.52
- 1 Days on Market
- MLS # : ML81807777
- Updated Date : 08/26/2020 at 01:26
CONSTRUCTION
- Beds : 4
- Floor Size : 1,652 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty-silicon Valley
Listing Agent's Description
A Beautifully Remodeled Home w/ Meticulously Detailed Design in Highly Sought After Birdland Neighborhood! *Beautifully landscaped front yard w/ lush manicured lawn & top quality driveway *Energy saving, owned solar electric system *Hot water recirculation system *Open & spacious kitchen boasts high-end stainless steel appliances *Breakfast bar kitchen island features granite countertop *Bright living room w/ high ceiling *Expansive master suite w/ walk-in closet *Updated hallway bath w/ double sink & shower over tub *Beautiful backyard w/ slate tile patio, redwood deck, coy fish pond, hot tub, fruit trees & shrubs *Fully equipped outdoor kitchen w/ built in BBQ *Stacked stone retaining wall textures throughout *Few blocks away to Apple Spaceship Campus *Walk to Raynor Park, 99 Ranch Market, Laurelwood Elementary, Peterson Middle, tech company shuttles & much more *Short drive to downtown Sunnyvale & Main Street Cupertino*Easy access to Lawrence Expressway, El Camino Real & Highway 280
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Birdland
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Birdland
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,530 |
| EXPENSES | Loan Payment | -$6,641 |
| Property Tax | -$1,726 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$177 | |
|
CASH FLOW
-$4,080
|
||
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.
$1,799,888
PROJECTED PRICE
$4,530
PROJECTED RENT
0.25%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 14.21% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.40% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$482,720
LOAN DETAILS
$6,641
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $449,972 |
| Loan Amount | $1,349,916 |
-0.17
YEARS SAVED
-$138
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
-
$4,824
COMP ESTIMATED VALUE -
$2.92
COMP AVG. RENT PER SQFT
Comps Range
-
942 Eton Way Sunnyvale, 1
- 4 beds 2 baths ∙ 1,652 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,652 Sqft ∙ Built 1966
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LEASED 07/01/20- Rent
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- $3,900
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1479 Chukar Ct Sunnyvale, 3
- 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1971
LEASED 08/11/20- Rent
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- $4,495
- $2.91
-
854 Cornwall Ct Sunnyvale, 4
- 4 beds 2 baths ∙ 1,478 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,478 Sqft ∙ Built 1961
LEASED 08/21/20- Rent
- Rent Per SQFT
- $4,575
- $3.10
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781 Durshire Way Sunnyvale, 5
- 4 beds 2 baths ∙ 1,664 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,664 Sqft ∙ Built 1962
LEASED 05/16/19- Rent
- Rent Per SQFT
- $4,598
- $2.76
PROPERTY LISTING DETAILS
Keller Williams Realty-silicon Valley
