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22838 Kiwanis St Hayward, CA 94541

3 Beds 1 Baths 1,043 sqft Built 1950

$540,000

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $517.74
  • 3 Days on Market
  • MLS # : BE40932371
  • Updated Date : 12/19/2020 at 14:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,043 sqft
  • Baths : 1 full
Listing Agent

Palomo Realty Team

Listing Agent's Description

This is the opportunity you've been waiting for! Bring the charm back to this downtown area home. WALKING DISTANCE to BART! WALKING DISTANCE to AMTRAK! WALKING DISTANCE to exciting downtown Hayward with it's cute shops, restaurants, movie theater, gorgeous library, farmers market, WALKING DISTANCE to elementary and middle schools, and so much more. Near 880, 580 and San Mateo-Hayward Bridge. Large back yard with well. Imagine the possibilities! Commuters delight!

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PRICE & RENT TRENDS

Neighborhood: Burbank

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1039k

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

Neighborhood: Burbank

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $13793193

* 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
 

$486,000$594,000$540,000

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$1,992
Property Tax -$586
Property Insurance -$52
Property Management Fees -$149
CASH FLOW
$70

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.

$540,000

PROJECTED PRICE

$2,850

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.3%
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

PROJECTED ANNUAL CASH FLOW

11530$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$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$68,900

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
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$0
1$0
$0
RENT COMPS ANALYSIS
  • 22838 Kiwanis St Hayward, CA
    • 3 beds 1 baths ∙ 1,043 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,043 Sqft ∙ Built 1950
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
PROPERTY LISTING DETAILS
Luz Arevalo
Palomo Realty Team
BESbswy