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PROPERTY INFO
FACTS
- Single Family
- Built In 1951
- Price/Sqft : $720.19
- 7 Days on Market
- MLS # : MR40930571
- Updated Date : 11/30/2020 at 14:19
CONSTRUCTION
- Beds : 3
- Floor Size : 1,040 sqft
- Baths : 1 full
Listing Agent
Homesmart Pv & Associates
Listing Agent's Description
Here it is... A beautiful 3/1 home with just over 1000 sq. ft. that shows pride in ownership inside and out! This home has many upgrades including Oak kitchen cabinets w/ solid paneled doors, granite countertops, tiled floors, dual pane windows, central heat, and insulated walls/ceilings. Home also has a newer and upgraded Electrical panel and wiring, enclosed patio with windows, finished interior of garage with inside laundry connections. Exterior is nicely landscaped with lots of flowers and fruit trees in the front and back yards. Located close to downtown Hayward and freeway access of the 580 and 880, the home sits in a nice neighborhood on a dead end.
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PRICE & RENT TRENDS
Neighborhood: Jackson Triangle
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Jackson Triangle
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,710 |
| EXPENSES | Loan Payment | -$2,763 |
| Property Tax | -$794 | |
| Property Insurance | -$52 | |
| Property Management Fees | -$149 | |
|
CASH FLOW
-$1,049
|
||
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
$2,710
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 12.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.63% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$204,235
LOAN DETAILS
$2,763
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $187,250 |
| Loan Amount | $561,750 |
0.5
YEARS SAVED
$1,491
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,772
COMP ESTIMATED VALUE -
$2.67
COMP AVG. RENT PER SQFT
Comps Range
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24848 Muir St Hayward, CA 1
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LEASED 05/29/20- Rent
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- $2,650
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24748 Joyce St Hayward, CA 3
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LEASED 11/25/19- Rent
- Rent Per SQFT
- $2,800
- $2.80
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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
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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
Homesmart Pv & Associates
