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31
Values Hold, Rent Potential to $3,653
Updated today • 1 new comp
Your Investment Paths
Turnkey Rental
This two-bedroom apartment at 1055 East Evelyn Avenue shows solid rental potential in the Sunnyvale market. Current data suggests a monthly income range between $3,218 and $3,619, positioning it competitively for long-term rental stability. With a median rent projection around $3,391, this property is well-aligned with similar units in the area. Investors can expect steady cash flow, as the local market demand for well-located two-bedroom apartments remains consistently strong.
More about this home
Neighborhood Assessment
This Sunnyvale apartment sits in the Ponderosa neighborhood, a strong Silicon Valley rental hub with steady demand from tech workers. You’ve got quick access to major employers, Caltrain, and key freeways, so commuting and weekend outings are easy. Schools range from solid to excellent, which quietly helps long‑term value. The Evelyn Gardens complex itself brings lifestyle appeal: pool, spa, fitness center, clubhouse, and in‑unit laundry are all big pluses for renters who don’t want to compromise on comfort. Air quality risk is something to be aware of, but flood and fire risk are minimal, which investors and insurers like.
Market Activity
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Rental Income
$41K
Yield
—
Year 1 Estimates
Fix-and-Flip
Modernizing your space offers a valuable edge. Updated units see price per square foot rise to $747 from the $737 baseline, a 1.4% boost. This helps your home shine and creates a truly refreshed, inviting atmosphere. This upgrade attracts quality renters and buyers, pushing potential sale values up to $688,000. While the ROI is modest, these improvements ensure your home stays competitive, comfortable, and highly desirable in a busy, active market.
Value Add
$9K
Post Typical Renovation
Buy-Rehab-Rent
This property shows potential for a post-renovation value between $622,000 and $688,000. While the flip margin appears tight, the asset offers steady positioning within an established market, making it a viable long-term hold candidate. Projected rental income hits $3,355 monthly, delivering a 6.1% yield. This solid cash flow profile provides a dependable return, balancing the renovation requirements with consistent performance for investors seeking stable income in this area.
Rental Income
$40K
Yield
6.1%
Year 1 Estimates, Post Typical Renovation
Estimated value
—
Comparative Market Analysis
$575K – $1.1M
~94 days to sell
Based on 3 comps
1055 E Evelyn Ave APT 57, Sunnyvale Investment Report: Flip & Rental Analysis · Frontflip