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24862 Eden Ave Hayward, CA 94545

3 Beds 3 Baths 1,532 sqft Built 1992

$849,000

List Price

$3,160

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $554.18
  • 8 Days on Market
  • MLS # : BE40934596
  • Updated Date : 01/18/2021 at 08:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,532 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Of California

Listing Agent's Description

Contemporary 3 Bedroom, 2.5 Bathroom home located in the Mt. Eden neighborhood. High ceilings in the living room with spacious bedrooms. Updated kitchen with granite counters, newer cabinets, and stainless steal appliances. Newer Paint interior and exterior. Fantastic opportunity No HOA! Centrally located to Chabot College, San Mateo-Hayward Bridge, BART station, shopping malls and easy access to Highway 880. Be sure to also check out Greenwood Park only 0.5 miles away! Don't Miss the additional shed in the back!!! This one will not last!! More Photos to Follow!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mt. Eden

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $232k1022k

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

Neighborhood: Mt. Eden

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $15053193

* 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
Eden Gardens Elementary School Primary Regular 559 20 4
Anthony Ochoa Middle School Middle Regular 596 25 5
Mt. Eden High School High Regular 1,935 85 6

Eden Gardens Elementary School

  • Education Level: Primary
  • # of students: 559
  • # of teachers: 20
4
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
 

$764,100$933,900$849,000

PURCHASE PRICE

$2,844$3,476$3,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,160
EXPENSES Loan Payment -$2,949
Property Tax -$894
Property Insurance -$64
Property Management Fees -$155
CASH FLOW
-$902

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.

$849,000

PROJECTED PRICE

$3,160

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.2%
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-$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$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,949

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$6,450

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
  • $3,386

    COMP ESTIMATED VALUE
  • $2.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,950
$2,950
RENT COMPS ANALYSIS
  • 24862 Eden Ave Hayward, CA 1
    • 3 beds 3 baths ∙ 1,532 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,532 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17997 Sunol Rd Hayward, CA 2
    • 3 beds 3 baths ∙ 1,332 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,332 Sqft ∙ Built 1973
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.21
    •  
PROPERTY LISTING DETAILS
Dana Grant
Exp Realty Of California
BESbswy