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22586 Santa Clara St Hayward, CA 94541

3 Beds 1 Baths 1,326 sqft Built 1925

$617,000

List Price

$3,030

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1925
  • Price/Sqft : $465.31
  • 5 Days on Market
  • MLS # : ML81819867
  • Updated Date : 11/12/2020 at 12:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,326 sqft
  • Baths : 1 full
Listing Agent

Bay Realty Services

Listing Agent's Description

Move in ready home in Hayward. Great commute access to I-880, I-92.And 10 minuets away from the Hayward Bart Station. Kitchen was recently updated.New back splash. New quartz counter tops,sink & faucet. Also new cabinets and new laminate flooring.Family room was added with building permits. Short distance to shopping plazas, restaurants and Southland mall. Police station and fire station nearby. Large lot, so has lots of other possibilities to be creative and improve the lot or structure.

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PRICE & RENT TRENDS

Neighborhood: Santa Clara

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Neighborhood: Santa Clara

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14453193

* 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
Burbank Elementary School Primary Regular 794 36 5
Burbank Elementary School Middle Regular 794 36 5
Hayward High School High Regular 1,644 74 4

Burbank Elementary School

  • Education Level: Primary
  • # of students: 794
  • # of teachers: 36
5
GreatSchools Rating

Burbank Elementary School

  • Education Level: Middle
  • # of students: 794
  • # of teachers: 36
5
GreatSchools Rating

Hayward High School

  • Education Level: High
  • # of students: 1,644
  • # of teachers: 74
4
GreatSchools Rating
 

$555,300$678,700$617,000

PURCHASE PRICE

$2,727$3,333$3,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,030
EXPENSES Loan Payment -$2,276
Property Tax -$705
Property Insurance -$59
Property Management Fees -$149
CASH FLOW
-$160

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.

$617,000

PROJECTED PRICE

$3,030

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$169,255

INVESTMENT

$169,255

Down Payment
$154,250
Rehab Estimate
$5,750
Closing Costs
$9,255

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,276

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $154,250
Loan Amount $462,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$47,822

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,030

    LIST RENT
  • $2.29

    LIST RENT PER SQFT
  • $3,580

    COMP ESTIMATED VALUE
  • $2.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$3,030
$3,030
RENT COMPS ANALYSIS
  • 22586 Santa Clara St Hayward, CA 2
    • 3 beds 1 baths ∙ 1,326 Sqft ∙ Built 1925 3 beds 1 baths ∙ 1,326 Sqft ∙ Built 1925
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,030
    • $2.29
    •  
  • 16143 Via Media San Lorenzo, CA 1
    • 3 beds 1 baths ∙ 1,000 Sqft ∙ Built 1944 3 beds 1 baths ∙ 1,000 Sqft ∙ Built 1944
    property image
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.70
    •  
PROPERTY LISTING DETAILS
Ray Douglas
Bay Realty Services
BESbswy