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23628 Nevada Rd Hayward, CA 94541

3 Beds 2 Baths 1,146 sqft Built 1956

$749,000

List Price

$2,950

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $653.58
  • 5 Days on Market
  • MLS # : MR40929761
  • Updated Date : 11/21/2020 at 14:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,146 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Napa Valley

Listing Agent's Description

Stunning Mid-Century Modern home in the Winton Grove area. This beauty offers so much including a completely updated and expanded kitchen with a large island, quartz countertops, stainless appliances, and a large dining area. The kitchen and dining open to the lovely Family room with wood floors, a brick fireplace, and beamed ceilings. Wood floors continue into the 3 bedrooms and there are 2 bathrooms which have been beautifully updated. The rear yard offers a large patio for entertaining, a garden area, citrus trees, and a shed.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Longwood-Winton Grove

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Neighborhood: Longwood-Winton Grove

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
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
 

$674,100$823,900$749,000

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$2,763
Property Tax -$801
Property Insurance -$55
Property Management Fees -$149
CASH FLOW
-$819

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.

$749,000

PROJECTED PRICE

$2,950

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.4%
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-$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$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$8,102

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
  • $2,561

    COMP ESTIMATED VALUE
  • $2.24

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$2,950
$2,950
RENT COMPS ANALYSIS
  • 23628 Nevada Rd Hayward, CA 1
    • 3 beds 2 baths ∙ 1,146 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,146 Sqft ∙ Built 1956
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 26634 Peterman Ave Hayward, CA 2
    • 3 beds 2 baths ∙ 1,238 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,238 Sqft ∙ Built 1957
    property image
    LEASED 06/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.26
    •  
  • 17997 Sunol Rd Hayward, CA 3
    • 3 beds 3 baths ∙ 1,332 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,332 Sqft ∙ Built 1973
    property image
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.21
    •  
PROPERTY LISTING DETAILS
Amy Burnside
Keller Williams Napa Valley
BESbswy