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359 Ocie Way Hayward, CA 94541

3 Beds 2 Baths 1,052 sqft Built 1952

$549,950

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $522.77
  • 3 Days on Market
  • MLS # : BE40931116
  • Updated Date : 12/04/2020 at 19:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,052 sqft
  • Baths : 2 full
Listing Agent

Fohl And Hernandez Re

Listing Agent's Description

WHAT AN OPPORTUNITY!? A home couldn't offer more potential. Step inside and appreciate the possibilities for an open concept kitchen-living room combo. Currently offering a formal living and dining room. The kitchen needs more than TLC but can be updated with textiles and colors of your choosing! The 3 bedrooms are spacious, have generously sized closets and original hardwood floors. There are dual pane windows throughout that bring in tons of natural sunlight. Attached 2 car garage that offers interior access and rear yard access. The back yard is VERY ample and offers tons of potential for your dream yard. Commuters delight! Located minutes to I-880/92 freeway, shopping, restaurants and more. COME SEE IT TODAY!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Santa Clara

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Neighborhood: Santa Clara

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14453193

* 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
Burbank Elementary School Primary Regular 794 36 5
Burbank Elementary School Middle Regular 794 36 5
Hayward High School High Regular 1,644 74 4

Burbank Elementary School

  • Education Level: Primary
  • # of students: 794
  • # of teachers: 36
5
GreatSchools Rating

Burbank Elementary School

  • Education Level: Middle
  • # of students: 794
  • # of teachers: 36
5
GreatSchools Rating

Hayward High School

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

$494,955$604,945$549,950

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$2,029
Property Tax -$593
Property Insurance -$53
Property Management Fees -$149
CASH FLOW
-$584

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.

$549,950

PROJECTED PRICE

$2,240

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,487

INVESTMENT

$151,487

Down Payment
$137,488
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,488
Loan Amount $412,463
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$8,423

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $2.13

    LIST RENT PER SQFT
  • $1,688

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$2,2403$2,800
$2,800
RENT COMPS ANALYSIS
  • 359 Ocie Way Hayward, CA 2
    • 3 beds 2 baths ∙ 1,052 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,052 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $2.13
    •  
  • 26563 Chisholm Court 3 Hayward, CA 1
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1965
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.95
    •  
  • 26634 Peterman Ave Hayward, CA 3
    • 3 beds 2 baths ∙ 1,238 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,238 Sqft ∙ Built 1957
    LEASED 06/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.26
    •  
PROPERTY LISTING DETAILS
Mirella Hernandez
Fohl And Hernandez Re
BESbswy