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29213 Eden Shores Dr Hayward, CA 94545

3 Beds 2 Baths 1,964 sqft Built 2004

INVESTimate

$930,000

List Price

$3,450

$3,200 - $3,700

Rent Est.

$1,034,997  ( +11.29%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $473.52
  • 6 Days on Market
  • MLS # : CC40917115
  • Updated Date : 08/24/2020 at 14:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,964 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Welcome Home! Located in the highly desirable Eden Shores neighborhood in Hayward, this beautiful single story 3 bedroom + Office, 2 bath, 1,964 sq foot home offers you stunning curb appeal, comfort and resort-style living! The open floor plan and upgrades create a sophisticated ambience and great lighting. This house offers many updates including new landscaping, water heater and A/C, hardwood flooring, baseboards, light fixtures, paint, hardware, epoxy flooring in garage, granite counter tops and more! The HOA offers country club-like amenities including pool, tennis, basketball courts, trails, playground, and a clubhouse. Located minutes to schools, parks, shops, restaurants and freeway access. Don't miss this opportunity to call this your home!

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PRICE & RENT TRENDS

Neighborhood: Union City

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $232k1027k

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

Neighborhood: Union City

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200Rent in $15053395

* 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
 

$837,000$1,023,000$930,000

PURCHASE PRICE

$3,105$3,795$3,450

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,450
EXPENSES Loan Payment -$3,431
Property Tax -$960
Property Insurance -$75
HOA -$35
Property Management Fees -$169
CASH FLOW
-$1,220

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.

$930,000

PROJECTED PRICE

$3,450

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.29%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$252,200

INVESTMENT

$252,200

Down Payment
$232,500
Rehab Estimate
$5,750
Closing Costs
$13,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,431

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $232,500
Loan Amount $697,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,214

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,450

    LIST RENT
  • $1.76

    LIST RENT PER SQFT
  • $3,457

    COMP ESTIMATED VALUE
  • $1.76

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,450
$3,450
RENT COMPS ANALYSIS
  • 29213 Eden Shores Dr Hayward, 2
    • 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.76
    •  
  • 1601 Welford Cir Hayward, 1
    • 3 beds 3 baths ∙ 1,871 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,871 Sqft ∙ Built 2004
    property image
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.76
    •  
PROPERTY LISTING DETAILS
Sandy Shehata
Compass
BESbswy