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31272 Carroll Ave Hayward, CA 94544

3 Beds 2 Baths 1,161 sqft Built 1955

$779,000

List Price

$3,280

$3K - $3.5K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1955
  • Price/Sqft : $670.97
  • 12 Days on Market
  • MLS # : ML81817234
  • Updated Date : 10/29/2020 at 12:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,161 sqft
  • Baths : 2 full
Listing Agent

Re/max Santa Clara Valley

Listing Agent's Description

Fairway Park Beauty! 3 Bed 2 Bath home within the New Haven School District! This Gem features new interior/exterior paint, new interior/exterior hardware, new interior/exterior lighting, new windows, new kitchen with shaker cabinets and quartz countertops, new bathroom upgrades with tiled floors and surrounds, new laminate flooring throughout and beautiful landscaping with a big backyard for Outdoor Fun! Offers due Monday 2nd before 5pm.

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PRICE & RENT TRENDS

Neighborhood: Fairway Park

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Neighborhood: Fairway Park

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
Hillview Crest Elementary School Primary Regular 624 25 3
Cesar Chavez Middle School Middle Regular 1,283 50 3
James Logan High School High Regular 3,912 153 7

Hillview Crest Elementary School

  • Education Level: Primary
  • # of students: 624
  • # of teachers: 25
3
GreatSchools Rating

Cesar Chavez Middle School

  • Education Level: Middle
  • # of students: 1,283
  • # of teachers: 50
3
GreatSchools Rating

James Logan High School

  • Education Level: High
  • # of students: 3,912
  • # of teachers: 153
7
GreatSchools Rating
 

$701,100$856,900$779,000

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 -$2,874
Property Tax -$875
Property Insurance -$55
Property Management Fees -$161
CASH FLOW
-$685

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.

$779,000

PROJECTED PRICE

$3,280

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.9%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$212,185

INVESTMENT

$212,185

Down Payment
$194,750
Rehab Estimate
$5,750
Closing Costs
$11,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $194,750
Loan Amount $584,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$16,996

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,280

    LIST RENT
  • $2.83

    LIST RENT PER SQFT
  • $3,657

    COMP ESTIMATED VALUE
  • $3.15

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,280
$3,280
RENT COMPS ANALYSIS
  • 31272 Carroll Ave Hayward, CA 2
    • 3 beds 2 baths ∙ 1,161 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,161 Sqft ∙ Built 1955
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,280
    • $2.83
    •  
  • 315 Warner Ave Hayward, CA 1
    • 3 beds 1 baths ∙ 951 Sqft ∙ Built 1951 3 beds 1 baths ∙ 951 Sqft ∙ Built 1951
    property image
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $3.15
    •  
PROPERTY LISTING DETAILS
Carlos Stefano Garcia
Re/max Santa Clara Valley
BESbswy