2698 Pueblo Crk · Hayward, CA 94545

$279,900

3 bd · 2.0 ba · 1,488 sqft · Manufactured · 9 Days on market

Built 1974 Fair condition Est $351k · 20% under

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +25.6/30.0
• ARV discount +15.0/15.0
• DSCR +8.5/10.0
• 1% rule +6.7/10.0
• Livability +3.8/5.0
• Rent growth +3.2/5.0
• Schools +3.1/10.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Rarely available 3-bedroom, 2-bath home offering a warm and welcoming feel with comfortable living spaces throughout. Enjoy both a spacious living room and separate family room, perfect for relaxing evenings or gathering with family and friends. The galley-style kitchen features a cozy breakfast nook, while laminate flooring flows through the kitchen, dining, and family room areas for easy everyday living. The generously sized primary suite creates a peaceful retreat with double sinks, a soaking tub, and separate stall shower. Two additional bedrooms offer flexible space for guests, family, or a home office, complemented by a hall bath with tub/shower combination. Additional highlights incl

Key facts

• Breakfast nook
• Usable yard space
• Front porch

Tags

• GALLEY STYLE KITCHEN
• BREAKFAST NOOK
• INDOOR LAUNDRY
• FRONT PORCH
• REAR PATIO
• USABLE YARD SPACE

Property features AI

Finance

• HOA & community: Park allows pets with number and size limits and upon approval; Community clubhouse, pool and spa (community amenities)

Exterior

• Parking: Carport; Guest parking
• Utilities: Public water; Public sewer
• Home design: Manufactured home (mobile home) located in a park; Double-wide unit
• Construction: Wood siding and metal construction
• Exterior features: Front porch; Back yard; Shed(s); Landscaped, rectangular lot

Interior

• Kitchen: Breakfast nook; Laminate counters; Disposal; Gas range / cooktop; Built-in oven; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Laminate; Linoleum; Carpet
• Bathrooms: 2 full bathrooms; Primary bathroom with stall shower, sunken tub and double vanity; Other bathroom(s) with shower over tub
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Breakfast nook; Dining area; Family room; Florida / screen room
• Laundry & utility: Washer and dryer included; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $280k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $661 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $280k).
• Cap rate 9.1% vs local median 2.1% in Hayward — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#124 in CA, #4,294 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, employment A+, health & safety A+; Watch: schools D, crime F, cost of living F.
• Hayward Unified (urban): math 25% / reading 37% proficiency, ranked #935 of 1,400 in CA (top 67%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.6%/yr); 70 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 1,742 units permitted in Alameda County in 2024 (856 in 5+ unit buildings).
• This rent runs 34% of the median local income ($114k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Alameda County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $279,900

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.17% ✓
• Cap rate: 9.12%
• Cash-on-cash: 10.11%
• DSCR: 1.45
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $351,168
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
27957 Pueblo Serena	0.03mi	2/2.0 (-1)	1,440 (-3%)	1mo	$260,000	$181	88
2696 Pueblo Crk #31	0.01mi	3/2.0	1,481 (-0%)	19mo	$381,000	$257	83
27949 Pueblo Serena #78	0.06mi	3/2.0	1,581 (+6%)	5mo	$375,000	$237	82
27920 Pueblo Serena	0.19mi	2/2.0 (-1)	1,488 (0%)	6mo	$260,000	$175	81
27936 Pueblo Calle	0.11mi	3/2.0	1,440 (-3%)	10mo	$301,300	$209	81
27950 Pueblo Spgs	0.13mi	3/2.0	1,440 (-3%)	13mo	$266,000	$185	77
27955 Pueblo Serena	0.04mi	2/2.0 (-1)	1,440 (-3%)	14mo	$260,000	$181	76
27939 Pueblo Calle	0.11mi	2/2.0 (-1)	1,440 (-3%)	12mo	$335,000	$233	75
2329 Bridwell Way	0.57mi	3/2.0	1,537 (+3%)	6mo	$385,000	$250	63
2470 Bourbon Dr	0.48mi	3/2.0	1,344 (-10%)	1mo	$355,000	$264	60
28290 Applegate	0.68mi	3/2.0	1,440 (-3%)	4mo	$340,000	$236	60
2284 Bourbon #61	0.62mi	3/2.0	1,534 (+3%)	7mo	$410,300	$267	60

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 2.61% rent growth · sell at horizon

5-year hold

• IRR: -1.5%
• Equity multiple: 0.94×
• Total profit: $-4,521
• Equity at exit: $41,734

10-year hold

• IRR: 7.7%
• Equity multiple: 1.58×
• Total profit: $45,209
• Equity at exit: $24,201

Cash invested: $78,372 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 94545

• Rents YoY: 2.6%
• Active inventory: 70
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $3,285 high
• Mortgage (P&I): −$1,468
• Tax est. 1.5%: −$350 /mo · $4,198/yr
• Insurance: −$117
• HOA: −$0
• Vacancy / Maint / Mgmt: −$690
• Net cashflow: $661

Break-even live

Break-even rent $2,449

Max offer price $279,900

Occupancy floor 75%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $69,975
• Closing costs: $8,397
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
27463 Ponderosa Ct Hayward, CA	2.0	1.5	988	$2,790	$2.82	43d	1	0.52mi
2634 Oliver Dr Unit 2634 Hayward, CA	2.0	1.0	884	$2,300	$2.60	43d	1	0.53mi
27715 Cliffwood Ave Hayward, CA	3.0	2.0	1128	$3,800	$3.37	43d	1	0.57mi
26754 Contessa St Hayward, CA	3.0	2.0	1527	$4,000	$2.62	21d	1	1.13mi
25800 Industrial Blvd Hayward, CA	1.0–2.0	1.0–2.0	820	$3,128	$3.81	1d	13	1.40mi
1234 McFarlane Ln Hayward, CA	3.0	2.0	1311	$3,660	$2.79	12d	1	1.41mi

Listing history 7 events

1. 2026-06-07
   statusdays on market $279,900 Pending 9 DOM
2. 2026-06-04
   days on market $279,900 Active 8 DOM
3. 2026-06-03
   days on market $279,900 Active 7 DOM
4. 2026-06-02
   days on market $279,900 Active 6 DOM
5. 2026-06-01
   days on market $279,900 Active 5 DOM
6. 2026-05-31
   days on market $279,900 Active 4 DOM
7. 2026-05-27
   listed $279,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 52% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥89°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 7/10 Severe 12 unhealthy d/yr today · 12 by 30 yrs out

Taxation est. · year 1

• Rental income: $39,416
• − Mortgage interest: −$15,679
• − Property taxes: −$4,198
• − Insurance: −$1,400
• − Repairs & maintenance: −$3,153
• − Management: −$3,153
• − Depreciation: −$8,143
• Taxable income: $3,690
• Est. tax owed @ 24.0%: −$886
• After-tax cash flow: $7,041/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

This manufactured home requires moderate renovations to update the kitchen and bathrooms, replace outdated fixtures, and paint interior walls. The home has average exterior and interior conditions, with some landscaping that could be improved.

Repairs flagged

• Moderate kitchen cabinets — dated and in need of updating
• Moderate bathroom fixtures — outdated and in need of replacement
• Moderate kitchen countertops — dated and in need of updating
• Moderate flooring — dated and in need of updating

Value-add opportunities

• Both update kitchen cabinets and countertops — modernizing the kitchen would appeal to both buyers and renters
• Both replace awning-style windows — new windows would improve curb appeal and natural light
• Both paint interior walls — fresh paint would brighten the interior and make it more appealing

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and in need of updating	Moderate	$3,000–15,000
bathroom fixtures · outdated and in need of replacement	Moderate	$3,000–15,000
kitchen countertops · dated and in need of updating	Moderate	$3,000–15,000
flooring · dated and in need of updating	Moderate	$3,000–15,000
Total estimated repair cost · 4 items		$12,000–60,000

Value-add ROI direction

• Both update kitchen cabinets and countertops — modernizing the kitchen would appeal to both buyers and renters ↑
• Both replace awning-style windows — new windows would improve curb appeal and natural light ↑
• Both paint interior walls — fresh paint would brighten the interior and make it more appealing ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Hayward Unified
• NCES district ID: 0616740
• Math proficiency: 25% ▼ -1.00%
• Reading proficiency: 37% ▬ 0.00%
• Median HH income: $65,326
• Composite: 31.27/100
• National rank: #11241
• State rank: #935 of 1400 in CA

Livability — Hayward

• Score: 75/100
• State rank: #124
• US rank: #4294

Category grades

Amenities A Commute A+ Cost of living F Crime F Employment A+ Housing B Health & safety A+ User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hayward, CA
• County: Alameda County · 1,614,355 people
• City population: 191,800
• Metro: San Francisco-Oakland-Berkeley, CA
• Population (ZIP): 32,843
• Household income: $114,356
• Rent vs Own: 28.9% rent · 71.1% own
• Severe rent burden: 702.0

Population outlook (Alameda County) Hauer SSP2

• Today (2025): 1,928,884 people
• By 2030: 2,069,146 · +7.3%
• By 2040: 2,338,405 · +21.2%
• By 2050: 2,586,608 · +34.1%
• By 2075: 3,061,911 · +58.7%
• By 2100: 3,234,133 · +67.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: Asian 42% Hispanic / Latino 35% Two or more races 12% White 10% Black 8% Native American 1% Pacific Islander 1%
• Hispanic origin (detail): Mexican 25%
• Common ancestry: Italian 1% Russian 1% Romanian 1%
• Foreign-born: 43% · Canada, China, Vietnam
• Languages at home: 39% English-only · Spanish 26% Tagalog/Filipino 14% Chinese 7%

Political lean MEDSL · Alameda

• 2024 margin: Solid D (+53.6) · D 74.6% · R 21.0% · Other 4.4%
• 2008→2024 swing: -5.9pp toward R · 2008: 59.5pp · 2024: 53.6pp
• All cycles: 2024: D+53.6 2020: D+62.5 2016: D+64.4 2012: D+59.8 2008: D+59.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -974.17%
• Current HPI: 304.698
• Rent YoY: ▲ 2.61%
• Metro: San Francisco-Oakland-Berkeley, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

1 event — show timeline

• 2026-05-27 Listed $279,900 bridgeMLS, Bay East AOR, or Contra Costa AOR