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24697 Willimet Way Hayward, CA 94544

3 Beds 2 Baths 1,246 sqft Built 1956

$765,000

List Price

$3,180

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1956
  • Price/Sqft : $613.96
  • 3 Days on Market
  • MLS # : ML81819157
  • Updated Date : 11/06/2020 at 19:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,246 sqft
  • Baths : 2 full
Listing Agent

Legend Realty & Finance Group

Listing Agent's Description

This recently remodeled, 3 bedroom 2 bathroom modern home sits in a peaceful neighborhood of Hayward. Short drive to Safeway, Luckys, Seafood City, and Costco. Located 5 minutes to 92 Bridge/I-880/Hayward BART. Features include newly installed energy efficient double-pane windows, central heating and cooling with Nest thermostat, and laminate flooring. Peninsula modular kitchen equipped with granite countertops, built in stove top, weathered edge stone wall wraps around to the living room, and stainless steel appliances. Living room is warm and inviting, with dimmable recessed lighting, complimented with the weathered stone wall as a masterpiece statement. Bedrooms(1 master, 2 single) are spacious with reach-in closets and ambient lighting. Bathrooms are updated with chic vanity fixtures and soft close toilet seats. Dont miss this charming move-in ready home- schedule a private tour today!

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PRICE & RENT TRENDS

Neighborhood: Santa Clara

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Neighborhood: Santa Clara

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14453193

* 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
 

$688,500$841,500$765,000

PURCHASE PRICE

$2,862$3,498$3,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,180
EXPENSES Loan Payment -$2,823
Property Tax -$804
Property Insurance -$57
Property Management Fees -$156
CASH FLOW
-$659

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.

$765,000

PROJECTED PRICE

$3,180

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.0%
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$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$208,475

INVESTMENT

$208,475

Down Payment
$191,250
Rehab Estimate
$5,750
Closing Costs
$11,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,823

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $191,250
Loan Amount $573,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$17,664

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,180

    LIST RENT
  • $2.55

    LIST RENT PER SQFT
  • $3,433

    COMP ESTIMATED VALUE
  • $2.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$3,1803$3,2004$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 24697 Willimet Way Hayward, CA 2
    • 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $3,180
    • $2.55
    •  
  • 24748 Joyce St Hayward, CA 1
    • 3 beds 1 baths ∙ 1,000 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,000 Sqft ∙ Built 1950
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.80
    •  
  • 876 Marin Ave Hayward, CA 3
    • 3 beds 1 baths ∙ 1,162 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,162 Sqft ∙ Built 1952
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.75
    •  
  • 1179 Merritt Lane Hayward, CA 4
    • 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 1958
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.74
    •  
  • Scripps St Hayward, CA 5
    • 4 beds 2 baths ∙ 1,280 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,280 Sqft ∙ Built 1959
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.73
    •  
PROPERTY LISTING DETAILS
Yunjie Li
Legend Realty & Finance Group
BESbswy