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31378 Chicoine Avenue Hayward, CA 94544

4 Beds 2 Baths 1,788 sqft Built 1956

$799,950

List Price

$3,340

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $447.40
  • 7 Days on Market
  • MLS # : BE40932727
  • Updated Date : 12/28/2020 at 11:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,788 sqft
  • Baths : 2 full
Listing Agent

Legacy Real Estate & Assoc

Listing Agent's Description

NEW LISTING!! UNION CITY SCHOOLS, LARGE 4 BEDROOM HOME IN MISSION FOOTHILL LOCATION, HARDWOOD FLOORS, LARGE FAMILY ROOM, FORMAL DINING ROOM, EAT IN KITCHEN, CENTRAL HEAT AND AIR CONDITIONING,NEWER ROOF, FIREPLACE, DUAL PANE WINDOWS,PRIVATE COVERED PATIO , PRIVATE BACKYARD WITH PATH TO HILLSIDE PARK FOR HIKING, QUIET LOCATION, WALK TO SHOPPING, CLOSE TO BART

SEE MORE

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
 

$719,955$879,945$799,950

PURCHASE PRICE

$3,006$3,674$3,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,340
EXPENSES Loan Payment -$2,951
Property Tax -$898
Property Insurance -$70
Property Management Fees -$164
CASH FLOW
-$744

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.

$799,950

PROJECTED PRICE

$3,340

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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,737

INVESTMENT

$217,737

Down Payment
$199,988
Rehab Estimate
$5,750
Closing Costs
$11,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,951

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,988
Loan Amount $599,963
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$14,983

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
  • $3,570

    COMP ESTIMATED VALUE
  • $2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,4484$3,800
$3,800
RENT COMPS ANALYSIS
  • 31378 Chicoine Avenue Hayward, CA 1
    • 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2494 Almaden Blvd Union City, CA 2
    • 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 1967
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.01
    •  
  • 32212 Claremont St Union City, CA 3
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1968
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,448
    • $2.00
    •  
  • 2493 Ascot Way Union City, CA 4
    • 4 beds 3 baths ∙ 1,916 Sqft ∙ Built 1968 4 beds 3 baths ∙ 1,916 Sqft ∙ Built 1968
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.98
    •  
PROPERTY LISTING DETAILS
David Vigil
Legacy Real Estate & Assoc
BESbswy