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22826 Upland Way Hayward, CA 94541

2 Beds 1 Baths 1,024 sqft Built 1948

INVESTimate

$639,000

List Price

$2,590

$2,340 - $2,840

Rent Est.

$728,460  ( +14.00%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1948
  • Price/Sqft : $624.02
  • 7 Days on Market
  • MLS # : ML81806929
  • Updated Date : 08/24/2020 at 11:50
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,024 sqft
  • Baths : 1 full
Listing Agent

Compass

Listing Agent's Description

Enjoy peace and tranquility in this picture perfect starter home in the "Upper B Street" neighborhood close to the Don Castro Regional Recreation area. Perched on a gentle mound, this home has a well appointed floor plan featuring hardwood floors and two large bedrooms tucked away at the end of the hallway. The bright and spacious dining and living rooms with recessed lighting and a large picture window overlooks lovely neighborhood views and is centered by a wood-burning fireplace. The eat-in kitchen offers a breakfast nook, lots of maple cabinets, a farm sink, tiled floors and garden window. A separate laundry room is conveniently located adjacent to the kitchen. Easy access to a massive yard (6200 sf lot) with lots of outdoor entertainment options including a deck and patio area along with meandering walkways that lead you to hidden gardens. Don't miss the vegetable and herb garden, or the newly refreshed landscaping. An attached garage completes this warm and charming home.

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PRICE & RENT TRENDS

Neighborhood: Upper B Street

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Neighborhood: Upper B Street

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14043193

* 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
Fairview Elementary School Primary Regular 600 24 3
Bret Harte Middle School Middle Regular 636 28 3
Hayward High School High Regular 1,644 74 4

Fairview Elementary School

  • Education Level: Primary
  • # of students: 600
  • # of teachers: 24
3
GreatSchools Rating

Bret Harte Middle School

  • Education Level: Middle
  • # of students: 636
  • # of teachers: 28
3
GreatSchools Rating

Hayward High School

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

$575,100$702,900$639,000

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

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-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$2,358
Property Tax -$668
Property Insurance -$52
Property Management Fees -$149
CASH FLOW
-$636

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.

$639,000

PROJECTED PRICE

$2,590

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.00%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,085

INVESTMENT

$175,085

Down Payment
$159,750
Rehab Estimate
$5,750
Closing Costs
$9,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,358

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $159,750
Loan Amount $479,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$10,880

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
  • $2,591

    COMP ESTIMATED VALUE
  • $2.53

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,500
$2,500
RENT COMPS ANALYSIS
  • 22826 Upland Way Hayward, 1
    • 2 beds 1 baths ∙ 1,024 Sqft ∙ Built 1948 2 beds 1 baths ∙ 1,024 Sqft ∙ Built 1948
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 22221 Peralta St Hayward, 2
    • 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1961 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1961
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.40
    •  
  • 22137 Montgomery St Hayward, 3
    • 2 beds 1 baths ∙ 940 Sqft ∙ Built 1942 2 beds 1 baths ∙ 940 Sqft ∙ Built 1942
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.66
    •  
PROPERTY LISTING DETAILS
Norma Sayage
Compass
BESbswy