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2932 Kelly St Hayward, CA 94541

4 Beds 2 Baths 1,628 sqft Built 1942

$835,000

List Price

$3,220

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1942
  • Price/Sqft : $512.90
  • 2 Days on Market
  • MLS # : ML81820096
  • Updated Date : 11/14/2020 at 05:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,628 sqft
  • Baths : 2 full
Listing Agent

Keller Williams San Jose Gateway

Listing Agent's Description

Large, warm, light-filled Fairview Hayward Hills house with sunset view from 50' long covered porch. Interior freshly painted. Bonus 700sf finished light filled downstairs area not in square foot count. 10,000sf Double-size corner lot with massive potential. Mature apricot, orange and walnut trees already bearing fruit. Two driveways, 4+ parking spaces for cars, and boat/RV parking through double wide gate. Views of the neighborhood hillsides and Sutro Tower in San Francisco on clear days. Close to 580, 880, 92, San Mateo-Hayward Bridge, Don Castro Regional Recreation Area, Castro Valley BART, Hayward BART.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fairview

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $232k1029k

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

Neighborhood: Fairview

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200Rent in $15053283

* 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
Fairview Elementary School Primary Regular 600 24 3
Bret Harte Middle School Middle Regular 636 28 3
Hayward High School High Regular 1,644 74 4

Fairview Elementary School

  • Education Level: Primary
  • # of students: 600
  • # of teachers: 24
3
GreatSchools Rating

Bret Harte Middle School

  • Education Level: Middle
  • # of students: 636
  • # of teachers: 28
3
GreatSchools Rating

Hayward High School

  • Education Level: High
  • # of students: 1,644
  • # of teachers: 74
4
GreatSchools Rating
 

$751,500$918,500$835,000

PURCHASE PRICE

$2,898$3,542$3,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,220
EXPENSES Loan Payment -$3,081
Property Tax -$918
Property Insurance -$66
Property Management Fees -$158
CASH FLOW
-$1,003

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.

$835,000

PROJECTED PRICE

$3,220

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.7%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$227,025

INVESTMENT

$227,025

Down Payment
$208,750
Rehab Estimate
$5,750
Closing Costs
$12,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,081

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $208,750
Loan Amount $626,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$5,680

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
  • $3,109

    COMP ESTIMATED VALUE
  • $1.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1503$3,200
$3,200
RENT COMPS ANALYSIS
  • 2932 Kelly St Hayward, CA 1
    • 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1942 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1942
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 21101 Aspen Ave Castro Valley, CA 2
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1954
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.90
    •  
  • 20073 Center St Castro Valley, CA 3
    • 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 1947 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 1947
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.92
    •  
PROPERTY LISTING DETAILS
Steven Barkley
Keller Williams San Jose Gateway
BESbswy