Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2485 Cobblestone Dr Hayward, CA 94545

4 Beds 3 Baths 1,852 sqft Built 1974

$799,999

List Price

$3,280

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1974
  • Price/Sqft : $431.96
  • 6 Days on Market
  • MLS # : BE40927981
  • Updated Date : 11/05/2020 at 19:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,852 sqft
  • Baths : 2 full , 1 half
Listing Agent

Fohl And Hernandez Re

Listing Agent's Description

Great two story home in good commuter location! First floor features entry hall, large living room that opens to the formal dining area, updated kitchen with oak cabinets, granite counter tops, family room with cozy gas burning fireplace and a half bath. Second Floor features spacious master bathroom that opens up to deck, has a walk in closet and split bath, three additional bedrooms with mirrored closet doors and a full bath. Central Heating & A/C. Low maintenance front yard with stamped concrete. Rear yard with mature fruit trees. Walking distance to Christopher Penke Park and close to HWY 880/92, Costco, Kaiser and all conveniences.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Glen Eden

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Neighborhood: Glen Eden

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
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
 

$719,999$879,999$799,999

PURCHASE PRICE

$2,952$3,608$3,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,280
EXPENSES Loan Payment -$2,952
Property Tax -$860
Property Insurance -$72
Property Management Fees -$161
CASH FLOW
-$764

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.

$799,999

PROJECTED PRICE

$3,280

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.1%
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$217,750

INVESTMENT

$217,750

Down Payment
$200,000
Rehab Estimate
$5,750
Closing Costs
$12,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $200,000
Loan Amount $599,999
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$13,877

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
  • $3,287

    COMP ESTIMATED VALUE
  • $1.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$3,300
$3,300
RENT COMPS ANALYSIS
  • 2485 Cobblestone Dr Hayward, CA 1
    • 4 beds 2 baths ∙ 1,852 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,852 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1358 Henderson Ln Hayward, CA 2
    • 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 1954
    LEASED 06/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.72
    •  
  • 27715 Cliffwood Ave Hayward, CA 3
    • 5 beds 3 baths ∙ 1,807 Sqft ∙ Built 1955 5 beds 3 baths ∙ 1,807 Sqft ∙ Built 1955
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.83
    •  
PROPERTY LISTING DETAILS
Cristina Bales
Fohl And Hernandez Re
BESbswy