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2436 Homer Hayward, CA 94545

3 Beds 3 Baths 1,687 sqft Built 2012

$909,000

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $538.83
  • 2 Days on Market
  • MLS # : MR40933719
  • Updated Date : 01/09/2021 at 04:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,687 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

This is the home you have been waiting for! Located in the coveted Eden Shores community. This quality built home shows like a model with numerous upgrades. On the lower level, the kitchen features rich granite counters, warm wood cabinetry and sleek stainless steel appliances. The dining area is located next to the kitchen and has a glass door to access the private back yard. On the upper level you will find all 3 bedrooms including a large master suite. As an added bonus, one of the bedrooms has been equipped with a white Dry Erase wall. This lets you work and express your thoughts in a large open format. For kids, this wall can be used to let them explore their creativity by offering a large wall for doodling. Located minutes to Hwy 880 or Hwy 92, ideal for commuting to SF, SJ or SM. There are shuttle stops nearby for both Google and Facebook. Walk to Alden Oliver Sports Park / Playground, Kaiser, Costco, Eden Shores shopping center and miles of nature preserve walking paths.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Union City

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $232k1027k

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

Neighborhood: Union City

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200Rent in $15053395

* 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
Lorin Eden Elementary School Primary Regular 493 19 3
Anthony Ochoa Middle School Middle Regular 596 25 5
Mt. Eden High School High Regular 1,935 85 6

Lorin Eden Elementary School

  • Education Level: Primary
  • # of students: 493
  • # of teachers: 19
3
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
 

$818,100$999,900$909,000

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$3,157
Property Tax -$1,070
Property Insurance -$68
HOA -$202
Property Management Fees -$157
CASH FLOW
-$1,454

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.

$909,000

PROJECTED PRICE

$3,200

PROJECTED RENT

0.35%

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 4.60%
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-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

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$246,635

INVESTMENT

$246,635

Down Payment
$227,250
Rehab Estimate
$5,750
Closing Costs
$13,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,157

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $227,250
Loan Amount $681,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$85

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
  • $3,138

    COMP ESTIMATED VALUE
  • $1.86

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3003$3,600
$3,600
RENT COMPS ANALYSIS
  • 2436 Homer Hayward, CA 1
    • 3 beds 3 baths ∙ 1,687 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,687 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1601 Welford Cir Hayward, CA 2
    • 3 beds 3 baths ∙ 1,871 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,871 Sqft ∙ Built 2004
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.76
    •  
  • 2516 Coldstream Way Hayward, CA 3
    • 4 beds 3 baths ∙ 1,835 Sqft ∙ Built 2008 4 beds 3 baths ∙ 1,835 Sqft ∙ Built 2008
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.96
    •  
PROPERTY LISTING DETAILS
Susan Chong
Compass
BESbswy