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24628 Soto Rd Hayward, CA 94544

4 Beds 2 Baths 1,228 sqft Built 1940

INVESTimate

$699,000

List Price

$2,780

$2,530 - $3,030

Rent Est.

$786,445  ( +12.51%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1940
  • Price/Sqft : $569.22
  • 6 Days on Market
  • MLS # : BE40917809
  • Updated Date : 08/24/2020 at 09:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,228 sqft
  • Baths : 2 full
Listing Agent

Stellar Realty

Listing Agent's Description

4 bedrooms 2 baths, property features a elegant renovation with high end finishes through out the home. Large open floor plan and all new upgrades. Property was renovated from the studs inside. All new copper pluming, new electrical wires, new electrical panel, new abs pipes, and gas lines. Insulated walls and ceilings, new laminate floors, new custom renovated bathrooms, upgraded kitchen with new cabinets, counters, led lights,back-splash and crown molding. New garage door, brand new roof, new stucco, large deck, dual pane windows and much more. Have you been looking for a home that is updated and ready to move in, this is it. Large open back yard and side yard. All work done with permits. There is enough space for another detached ADU in the back. Home is close to 880 and 580 freeway, as well as close to shopping centers.

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PRICE & RENT TRENDS

Neighborhood: Jackson Triangle

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Neighborhood: Jackson Triangle

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $13483193

* 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
Park Elementary School Primary Regular 614 21 3
Winton Middle School Middle Regular 529 21 4
Mt. Eden High School High Regular 1,935 85 6

Park Elementary School

  • Education Level: Primary
  • # of students: 614
  • # of teachers: 21
3
GreatSchools Rating

Winton Middle School

  • Education Level: Middle
  • # of students: 529
  • # of teachers: 21
4
GreatSchools Rating

Mt. Eden High School

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

$629,100$768,900$699,000

PURCHASE PRICE

$2,502$3,058$2,780

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-$15k-$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 $2,780
EXPENSES Loan Payment -$2,579
Property Tax -$741
Property Insurance -$57
Property Management Fees -$149
CASH FLOW
-$746

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.

$699,000

PROJECTED PRICE

$2,780

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.51%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$8,855

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,780

    LIST RENT
  • $2.26

    LIST RENT PER SQFT
  • $3,276

    COMP ESTIMATED VALUE
  • $2.67

    COMP AVG. RENT PER SQFT
Comps Range
$2,780
1$2,7802$2,8003$2,8504$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 24628 Soto Rd Hayward, 1
    • 4 beds 2 baths ∙ 1,228 Sqft ∙ Built 1940 4 beds 2 baths ∙ 1,228 Sqft ∙ Built 1940
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $2.26
    •  
  • 24748 Joyce St Hayward, 2
    • 3 beds 1 baths ∙ 1,000 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,000 Sqft ∙ Built 1950
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.80
    •  
  • 1169 Roxanne Ave Hayward, 3
    • 3 beds 1 baths ∙ 1,187 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,187 Sqft ∙ Built 1949
    property image
    LEASED 05/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.40
    •  
  • 1179 Merritt Lane Hayward, 4
    • 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 1958
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.74
    •  
  • Scripps St Hayward, 5
    • 4 beds 2 baths ∙ 1,280 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,280 Sqft ∙ Built 1959
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.73
    •  
PROPERTY LISTING DETAILS
Harish Ram
Stellar Realty
BESbswy