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96 Mero St Hayward, CA 94541

3 Beds 1 Baths 1,026 sqft Built 1951

$650,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $633.53
  • 3 Days on Market
  • MLS # : BE40931783
  • Updated Date : 12/12/2020 at 15:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,026 sqft
  • Baths : 1 full
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Great location, Great layout and totally move in ready. the home lies just minutes from local schools and local public transportation like Bart and AC Transit. Life is so much easier here with convenient access to major freeways like 880, 92 and 238. Close to great public parks and recreation like Kennedy Park, Cannery park, Cherryland park and the Hayward Regional Shoreline/Bay Trail. Close to Local shopping centers and dining and entertainment are right around the corner. The home features a modern kitchen and bath, big backyard, new windows and much much more. This is NOT a must see, this is a MUST have.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: San Lorenzo

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1024k

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

Neighborhood: San Lorenzo

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
Lorenzo Manor Elementary School Primary Regular 601 25 3
Bohannon Middle School Middle Regular 842 39 3
San Lorenzo High School High Regular 1,407 59 3

Lorenzo Manor Elementary School

  • Education Level: Primary
  • # of students: 601
  • # of teachers: 25
3
GreatSchools Rating

Bohannon Middle School

  • Education Level: Middle
  • # of students: 842
  • # of teachers: 39
3
GreatSchools Rating

San Lorenzo High School

  • Education Level: High
  • # of students: 1,407
  • # of teachers: 59
3
GreatSchools Rating
 

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

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$2,398
Property Tax -$752
Property Insurance -$52
Property Management Fees -$149
CASH FLOW
-$951

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

$2,400

PROJECTED RENT

0.37%

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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

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$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 70% 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

0.42

YEARS SAVED

$927

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $2.34

    LIST RENT PER SQFT
  • $2,196

    COMP ESTIMATED VALUE
  • $2.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,8003$2,900
$2,900
RENT COMPS ANALYSIS
  • 96 Mero St Hayward, CA 1
    • 3 beds 1 baths ∙ 1,026 Sqft ∙ Built 1951 3 beds 1 baths ∙ 1,026 Sqft ∙ Built 1951
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.34
    •  
  • 17404 Via Carmen San Lorenzo, CA 2
    • 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1957
    property image
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.15
    •  
  • 15966 Saint Johns Dr San Lorenzo, CA 3
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1954
    property image
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.13
    •  
PROPERTY LISTING DETAILS
Erik Mitlo
Intero Real Estate Services
BESbswy