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988 Malcolm Ln Hayward, CA 94545

3 Beds 2 Baths 1,294 sqft Built 1958

$699,999

List Price

$2,980

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1958
  • Price/Sqft : $540.96
  • 3 Days on Market
  • MLS # : BE40928406
  • Updated Date : 11/06/2020 at 17:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,294 sqft
  • Baths : 2 full
Listing Agent

Fohl And Hernandez Re

Listing Agent's Description

Beautifully updated home in desirable Southgate neighborhood! The curb appeal on this home will leave you speechless, equipped with custom built flowerbeds, newly laid pavers and drought resistant landscaping. Refinished hardwood flooring throughout, tastefully updated kitchen with white cabinets, quartz counter tops and brand new appliances. Step through your French doors out to your spacious and fully landscaped backyard with new sod and concrete, move in ready for you to entertain! Spacious master suite with expanded master bath, his and her sinks and large walk in shower. Short distance to shopping, outdoor dinning, golf course and I-880/92! Come see this stunning home today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Southgate

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $222k1015k

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

Neighborhood: Southgate

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $15053193

* 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
 

$629,999$769,999$699,999

PURCHASE PRICE

$2,682$3,278$2,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,980
EXPENSES Loan Payment -$2,583
Property Tax -$752
Property Insurance -$58
Property Management Fees -$149
CASH FLOW
-$562

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.

$699,999

PROJECTED PRICE

$2,980

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.2%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $175,000
Loan Amount $524,999
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$19,216

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
  • $3,009

    COMP ESTIMATED VALUE
  • $2.33

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6503$2,800
$2,800
RENT COMPS ANALYSIS
  • 988 Malcolm Ln Hayward, CA 1
    • 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 25866 Bel Aire Dr Hayward, CA 2
    • 3 beds 2 baths ∙ 1,110 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,110 Sqft ∙ Built 1951
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $2.39
    •  
  • 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
Cristina Bales
Fohl And Hernandez Re
BESbswy