Rental SFR in Hayward, CA (2 blocks from BART)

Rental SFR in Hayward, CA (2 blocks from BART)

Property Address

677 Sorenson Rd, Hayward, CA 94544
  • Loan Number: #7147
  • County: Alameda
  • Appraised Value: $330,000.00
  • Purchase Price: $294,900.00
  • Loan Amount: $206,500.00
  • Interest: 11%
  • LTV (Loan to Value): 70% of purchase price/63% of appraised value
  • Term: 36 Months

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Specifics

There is a late charge of 10% of the payment (after 10 days)
There are no prepayment penalties on these loans
These loans contain a balloon payment

ONLY TWO BLOCKS FROM BART! Borrower is purchasing this bank-owned property as an investment, and will be marketing it for rent at $2,150 per mo.  Borrower is putting 30% down, paying all closing costs, and will be depositing additional funds into escrow prior to closing for clean-up and minor repair work so property is in move-in condition.

Information Subject to Change