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562 Bluefield Ln Hayward, CA 94541

3 Beds 2 Baths 1,200 sqft Built 1957

$650,000

List Price

$2,830

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $541.67
  • 5 Days on Market
  • MLS # : BE40931226
  • Updated Date : 12/12/2020 at 06:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,200 sqft
  • Baths : 1 full , 1 half
Listing Agent

Intero Real Estate Services

Listing Agent's Description

This adorable home features new paint interior and exterior, original hardwood floors in the living areas & vinyl in the wet rooms. The home offers fiber optic internet for working and school at home. The kitchen is outfitted with a Jenn-Air gas range, top-tier Bosch dishwasher & fridge, perfect for the chef or baker. Sit & sip your coffee in the living room or dining room, both which feature large windows that overlook the backyard. The home offers fiber optic internet for working and school at home. In the backyard, sit under the pergola & relax, garden or pick the persimmon/pomegranates/apricots off the tree. Located between the robust energy of Silicon Valley & the iconic landmarks of San Francisco, Hayward offers a plethora of commuting options, proximity to Oakland airport, the San Mateo Bridge, Hayward Shoreline, Southland Mall, Hayward's farmers market, downtown, many parks & a wealth of entertainment & shopping, that make this offering a premier location to call home.

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PRICE & RENT TRENDS

Neighborhood: Longwood-Winton Grove

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Neighborhood: Longwood-Winton Grove

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
Eden Gardens Elementary School Primary Regular 559 20 4
Anthony Ochoa Middle School Middle Regular 596 25 5
Mt. Eden High School High Regular 1,935 85 6

Eden Gardens Elementary School

  • Education Level: Primary
  • # of students: 559
  • # of teachers: 20
4
GreatSchools Rating

Anthony Ochoa Middle School

  • Education Level: Middle
  • # of students: 596
  • # of teachers: 25
5
GreatSchools Rating

Mt. Eden High School

  • Education Level: High
  • # of students: 1,935
  • # of teachers: 85
6
GreatSchools Rating
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$2,398
Property Tax -$695
Property Insurance -$56
Property Management Fees -$149
CASH FLOW
-$469

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.

$650,000

PROJECTED PRICE

$2,830

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.4%
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-$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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$22,185

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
  • $2,682

    COMP ESTIMATED VALUE
  • $2.24

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$2,950
$2,950
RENT COMPS ANALYSIS
  • 562 Bluefield Ln Hayward, CA 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1957
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 26634 Peterman Ave Hayward, CA 2
    • 3 beds 2 baths ∙ 1,238 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,238 Sqft ∙ Built 1957
    property image
    LEASED 06/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.26
    •  
  • 17997 Sunol Rd Hayward, CA 3
    • 3 beds 3 baths ∙ 1,332 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,332 Sqft ∙ Built 1973
    property image
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.21
    •  
PROPERTY LISTING DETAILS
Casey Serafino-lee
Intero Real Estate Services
BESbswy