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28188 Ormond Ave Hayward, CA 94544

3 Beds 2 Baths 1,132 sqft Built 1954

$650,000

List Price

$2,680

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1954
  • Price/Sqft : $574.20
  • 3 Days on Market
  • MLS # : ML81819269
  • Updated Date : 11/06/2020 at 17:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,132 sqft
  • Baths : 2 full
Listing Agent

Elite Realty Services

Listing Agent's Description

HUGE Oversized 8415 sq/ft corner lot! Great starter home or investment property. This well kept 3 bedroom, 2 bath home is conveniently located near 880, and Tuss Elementary. The property features an open living room, a remodeled kitchen, and laminate flooring throughout. Vaulted ceiling with windows to let in lots of natural light. Stone fencing in front of property with large windows at the entrance. Ample parking space in front of the home with a one car garage. Beautiful stone pavement in the front yard. Large 8,415 Sq/ Ft lot to host and entertain guests. Huge backyard that includes two sheds for storage. Pear, Apple, and Orange fruit trees in the backyard. Lots of parking with room for RV or boat parking.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tennyson-Alquire

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Neighborhood: Tennyson-Alquire

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14013193

* 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
Ruus Elementary School Primary Regular 603 23 3
Ruus Elementary School Middle Regular 603 23 3
Tennyson High School High Regular 1,324 64 2

Ruus Elementary School

  • Education Level: Primary
  • # of students: 603
  • # of teachers: 23
3
GreatSchools Rating

Ruus Elementary School

  • Education Level: Middle
  • # of students: 603
  • # of teachers: 23
3
GreatSchools Rating

Tennyson High School

  • Education Level: High
  • # of students: 1,324
  • # of teachers: 64
2
GreatSchools Rating
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,412$2,948$2,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,680
EXPENSES Loan Payment -$2,398
Property Tax -$704
Property Insurance -$54
Property Management Fees -$149
CASH FLOW
-$625

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.

$650,000

PROJECTED PRICE

$2,680

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$12,024

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
  • $2,788

    COMP ESTIMATED VALUE
  • $2.46

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6503$2,8004$3,500
$3,500
RENT COMPS ANALYSIS
  • 28188 Ormond Ave Hayward, CA 1
    • 3 beds 2 baths ∙ 1,132 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,132 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 25866 Bel Aire Dr Hayward, CA 2
    • 3 beds 2 baths ∙ 1,110 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,110 Sqft ∙ Built 1951
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $2.39
    •  
  • 26634 Peterman Ave Hayward, CA 3
    • 3 beds 2 baths ∙ 1,238 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,238 Sqft ∙ Built 1957
    LEASED 06/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.26
    •  
  • 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
    •  
PROPERTY LISTING DETAILS
William C Tran
Elite Realty Services
BESbswy