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437 Fairway St Hayward, CA 94544

3 Beds 2 Baths 1,434 sqft Built 1955

$739,888

List Price

$3,040

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1955
  • Price/Sqft : $515.96
  • 6 Days on Market
  • MLS # : BE40926494
  • Updated Date : 11/05/2020 at 22:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,434 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Fairway park's hidden gem! This 3 bedroom, 2 Bath beauty with a family room is just waiting for a new owner to call it home. Property features an aproximate living space of 1434 sq. ft., updated throughout, re-finished hardwood floors, newer laminate flooring in kitchen, newer carpet in family room, freshly painted interior, skylights, dual pane windows, air conditioning, fire place, two car attached garage, low maintenance backyard. Conveniently located near schools, parks, golf course, public transportation, San Mateo Bridge, 880 freeway. Talk about LOCATION, LOCATION, LOCATION!! 3D Tour available; copy and paste link on a browser: https://my.matterport.com/show/?m=Mmbna6HQuRh&mls=1

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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
Treeview Elementary School Primary Regular 553 19 3
Treeview Elementary School Middle Regular 553 19 3
Tennyson High School High Regular 1,324 64 2

Treeview Elementary School

  • Education Level: Primary
  • # of students: 553
  • # of teachers: 19
3
GreatSchools Rating

Treeview Elementary School

  • Education Level: Middle
  • # of students: 553
  • # of teachers: 19
3
GreatSchools Rating

Tennyson High School

  • Education Level: High
  • # of students: 1,324
  • # of teachers: 64
2
GreatSchools Rating
 

$665,899$813,877$739,888

PURCHASE PRICE

$2,736$3,344$3,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,040
EXPENSES Loan Payment -$2,730
Property Tax -$801
Property Insurance -$62
Property Management Fees -$149
CASH FLOW
-$701

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.

$739,888

PROJECTED PRICE

$3,040

PROJECTED RENT

0.41%

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

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$201,820

INVESTMENT

$201,820

Down Payment
$184,972
Rehab Estimate
$5,750
Closing Costs
$11,098

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,730

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $184,972
Loan Amount $554,916
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$13,130

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,040

    LIST RENT
  • $2.12

    LIST RENT PER SQFT
  • $3,289

    COMP ESTIMATED VALUE
  • $2.29

    COMP AVG. RENT PER SQFT
Comps Range
$3,040
1$3,0402$3,2003$3,2004$3,448
$3,448
RENT COMPS ANALYSIS
  • 437 Fairway St Hayward, CA 1
    • 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $3,040
    • $2.12
    •  
  • 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
    •  
  • 27574 E 12th St Hayward, CA 3
    • 3 beds 2 baths ∙ 1,116 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,116 Sqft ∙ Built 1964
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.87
    •  
  • 32212 Claremont St Union City, CA 4
    • 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
    •  
PROPERTY LISTING DETAILS
Ricardo Giacoman
Coldwell Banker Realty
BESbswy