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1538 Glenn St Hayward, CA 94545

3 Beds 3 Baths 1,888 sqft Built 2016

$825,000

List Price

$3,380

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $436.97
  • 4 Days on Market
  • MLS # : BE40933483
  • Updated Date : 01/09/2021 at 22:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,888 sqft
  • Baths : 2 full , 1 half
Listing Agent

Legacy Real Estate & Assoc.

Listing Agent's Description

Newer CalAtlantic single family home in the Camden Place community. Built in 2016, come see this well appointed three bedroom corner unit with open concept living, spacious master retreat, and builder upgrades throughout. Some upgraded features you'll notice are the engineered hardwood floors, carpet and padding, kitchen cabinets, backsplash, and countertops, Whirlpool appliances, and Hunter Douglas blinds. Tucked away and steps to the community park, enjoy the home's close proximity to Costco, Target, BART and freeways.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mt. Eden

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $232k1022k

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

Neighborhood: Mt. Eden

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $15053193

* 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
Eden Gardens Elementary School Primary Regular 559 20 4
Anthony Ochoa Middle School Middle Regular 596 25 5
Mt. Eden High School High Regular 1,935 85 6

Eden Gardens Elementary School

  • Education Level: Primary
  • # of students: 559
  • # of teachers: 20
4
GreatSchools Rating

Anthony Ochoa Middle School

  • Education Level: Middle
  • # of students: 596
  • # of teachers: 25
5
GreatSchools Rating

Mt. Eden High School

  • Education Level: High
  • # of students: 1,935
  • # of teachers: 85
6
GreatSchools Rating
 

$742,500$907,500$825,000

PURCHASE PRICE

$3,042$3,718$3,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,380
EXPENSES Loan Payment -$2,866
Property Tax -$837
Property Insurance -$73
HOA -$130
Property Management Fees -$166
CASH FLOW
-$691

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.

$825,000

PROJECTED PRICE

$3,380

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,866

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$14,081

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
  • $3,361

    COMP ESTIMATED VALUE
  • $1.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,400
$3,400
RENT COMPS ANALYSIS
  • 1538 Glenn St Hayward, CA 1
    • 3 beds 3 baths ∙ 1,888 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,888 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 123 Burbank St Hayward, CA 2
    • 4 beds 4 baths ∙ 1,910 Sqft ∙ Built 2010 4 beds 4 baths ∙ 1,910 Sqft ∙ Built 2010
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.78
    •  
PROPERTY LISTING DETAILS
Elisa Chao
Legacy Real Estate & Assoc.
BESbswy