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3175 Cromwell Pl Hayward, CA 94542

3 Beds 3 Baths 2,300 sqft Built 1960

$1,088,000

List Price

$3,070

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1960
  • Price/Sqft : $473.04
  • 4 Days on Market
  • MLS # : MR40927674
  • Updated Date : 11/01/2020 at 22:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,300 sqft
  • Baths : 2 full , 1 half
Listing Agent

Intero Real Estate Services-corona

Listing Agent's Description

No tricks here! Treat yourself to this amazing home in the Hayward Hills. Tucked away in a cul-de-sac in the desirable Woodland Estates Community, this picture-perfect home offers a spacious, light-filled floor plan with 3 bedrooms and 2.5 bathrooms. Nestled on over 11,000 square feet, this home boast Bay views, fruit trees and a tree house loft. Thoughtfully designed to anticipate a variety of living situations, the formal living room has a focal-point fireplace, hardwood flooring and access to the backyard makes it a perfect place to entertain. Custom interior paint throughout, newer kitchen and remodeled bathrooms. Tesla Powerwall and solar is owned and stays with home! A rare offering of its caliber, this retreat enjoys nearby access to hiking trails, Cal State East Bay, & Stonebrae TPC Golf Course & Country Club. Virtual tour here: https://my.matterport.com/show/?m=mu9vXBf5bQ9

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hayward Highland

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $232k1078k

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

Neighborhood: Hayward Highland

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800Rent in $15053863

* 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
Stonebrae Elementary School Primary Regular 717 27 4
Stonebrae Elementary School Middle Regular 717 27 4
Hayward High School High Regular 1,644 74 4

Stonebrae Elementary School

  • Education Level: Primary
  • # of students: 717
  • # of teachers: 27
4
GreatSchools Rating

Stonebrae Elementary School

  • Education Level: Middle
  • # of students: 717
  • # of teachers: 27
4
GreatSchools Rating

Hayward High School

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

$979,200$1,196,800$1,088,000

PURCHASE PRICE

$2,763$3,377$3,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$4,014
Property Tax -$1,111
Property Insurance -$83
HOA -$375
Property Management Fees -$150
CASH FLOW
-$2,663

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.

$1,088,000

PROJECTED PRICE

$3,070

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$294,070

INVESTMENT

$294,070

Down Payment
$272,000
Rehab Estimate
$5,750
Closing Costs
$16,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$4,014

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $272,000
Loan Amount $816,000
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$115

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
  • $2,446

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0003$3,2004$3,500
$3,500
RENT COMPS ANALYSIS
  • 3175 Cromwell Pl Hayward, CA 1
    • 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 1960 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2836 Trimble Court Hayward, CA 2
    • 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1978
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.89
    •  
  • 1817 Dahill Ln Hayward, CA 3
    • 3 beds 3 baths ∙ 1,960 Sqft ∙ Built 1959 3 beds 3 baths ∙ 1,960 Sqft ∙ Built 1959
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.63
    •  
  • Fallbrook Dr Hayward, CA 4
    • 3 beds 3 baths ∙ 2,248 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,248 Sqft ∙ Built 1979
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.56
    •  
PROPERTY LISTING DETAILS
Shawneequa Badger
Intero Real Estate Services-corona
BESbswy