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31285 Birkdale Way Hayward, CA 94544

3 Beds 2 Baths 1,252 sqft Built 1955

INVESTimate

$700,000

List Price

$2,800

$2,550 - $3,050

Rent Est.

$776,160  ( +10.88%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1955
  • Price/Sqft : $559.11
  • 2 Days on Market
  • MLS # : BE40918100
  • Updated Date : 08/25/2020 at 13:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,252 sqft
  • Baths : 2 full
Listing Agent

Fohl And Hernandez Re

Listing Agent's Description

Beautiful Fairway Park home sale. This Lovely 3 Bedroom 2 Bath home has been tastefully prepared for sale. Both exterior & interior have been painted. The floor plan has a great open design. Beautiful new floors in living room and hall. Hardwood floors under carpets. A remodeled hall bathroom. A new furnance. And the Kitchen features granite counter tops. Hot tub in backyard which is perfect for entertaining both Family & Friends. Located in Union City School Dist! An attached 2-car garage, Excellent central location for commute: just minutes to BART, freeway 880 & The San Mateo Bridge. Priced to Sell Fast...You Better Hurry!

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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
 

$630,000$770,000$700,000

PURCHASE PRICE

$2,520$3,080$2,800

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

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,583
Property Tax -$786
Property Insurance -$57
Property Management Fees -$149
CASH FLOW
-$775

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.

$700,000

PROJECTED PRICE

$2,800

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.88%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$7,300

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
  • $3,063

    COMP ESTIMATED VALUE
  • $2.45

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8503$3,2004$3,450
$3,450
RENT COMPS ANALYSIS
  • 31285 Birkdale Way Hayward, 1
    • 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 64 Schuyler Ave Hayward, 2
    • 3 beds 1 baths ∙ 1,031 Sqft ∙ Built 1951 3 beds 1 baths ∙ 1,031 Sqft ∙ Built 1951
    LEASED 03/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.76
    •  
  • 2156 Hartford Dr Union City, 3
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1968
    LEASED 04/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.42
    •  
  • 1870 Hartnell St Union City, 4
    • 4 beds 2 baths ∙ 1,596 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,596 Sqft ∙ Built 1960
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $2.16
    •  
PROPERTY LISTING DETAILS
Jose Diaz
Fohl And Hernandez Re
BESbswy