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2318 Tahiti St Hayward, CA 94545

3 Beds 2 Baths 1,780 sqft Built 1959

$778,000

List Price

$3,350

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

January 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $437.08
  • 8 Days on Market
  • MLS # : ML81825259
  • Updated Date : 01/13/2021 at 09:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,780 sqft
  • Baths : 2 full
Listing Agent

A. C. Madison Re Svcs.

Listing Agent's Description

Commuters Dream, close to Highways 92 and 880 Owned Solar. Bright floorplan with giant great room. Remodeled kitchen with updated bathroom. Newer rear deck Agent related to seller.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Glen Eden

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Neighborhood: Glen Eden

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14543193

* 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
Southgate Elementary School Primary Regular 651 26 7
Southgate Elementary School Middle Regular 651 26 7
Mt. Eden High School High Regular 1,935 85 6

Southgate Elementary School

  • Education Level: Primary
  • # of students: 651
  • # of teachers: 26
7
GreatSchools Rating

Southgate Elementary School

  • Education Level: Middle
  • # of students: 651
  • # of teachers: 26
7
GreatSchools Rating

Mt. Eden High School

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

$700,200$855,800$778,000

PURCHASE PRICE

$3,015$3,685$3,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,350
EXPENSES Loan Payment -$2,702
Property Tax -$836
Property Insurance -$70
Property Management Fees -$164
CASH FLOW
-$423

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.

$778,000

PROJECTED PRICE

$3,350

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.1%
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$3.0M

PROJECTED ANNUAL CASH FLOW

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

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$211,920

INVESTMENT

$211,920

Down Payment
$194,500
Rehab Estimate
$5,750
Closing Costs
$11,670

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,702

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $194,500
Loan Amount $583,500
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$28,663

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
  • $3,667

    COMP ESTIMATED VALUE
  • $2.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,500
$3,500
RENT COMPS ANALYSIS
  • 2318 Tahiti St Hayward, CA 1
    • 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 666 Bluefield Hayward, CA 2
    • 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 1957
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.06
    •  
PROPERTY LISTING DETAILS
Eric Rager
A. C. Madison Re Svcs.
BESbswy