29174 Verdi Rd #26 · Hayward, CA 94544

$294,900

2 bd · 2.0 ba · 1,488 sqft · Manufactured · 79 Days on market

Built 1976 $198/sqft · 10% above area Est $268k · 10% over

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Why this score? — see what drove the D+ 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 +20.9/30.0
• DSCR +6.6/10.0
• 1% rule +5.5/10.0
• Livability +3.8/5.0
• Rent growth +3.1/5.0
• Schools +3.1/10.0
• ARV discount +2.9/15.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Explore this charming 1976 home in the Spanish Ranch 2 Community, offering 1,488 square feet of living space with 2 bedrooms and 2 bathrooms. Low Space Rent. The living room is carpeted for comfort, while the family room includes a small bar and features linoleum flooring. The dining area is equipped with cabinets and also has linoleum flooring. The kitchen comes with a microwave, refrigerator, stove, oven, dishwasher, garbage disposal, ceiling light, and linoleum flooring. Both bedrooms are carpeted, with one bedroom featuring a walk-in closet. The master bathroom offers double sinks, a sliding glass door, cabinets, linoleum flooring, and a tub and shower. The guest bathroom features a standing shower and linoleum flooring. The backyard includes a shed, and the utility room has linoleum flooring as well. A washer and dryer are included, along with central AC and heat. Stop by today to see your new home!

Key facts

• Double sinks
• Utility room
• Walk-in closet

Tags

• WALK-IN CLOSET
• DOUBLE SINKS
• SLIDING GLASS DOOR
• UTILITY ROOM
• BACKYARD SHED
• CENTRAL AC AND HEAT

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $295k.

Deal economics

• At list price, monthly cash flow is $408 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $295k).
• Recommended offer: $277k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.0% 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); 169 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,742 units permitted in Alameda County in 2024 (856 in 5+ unit buildings).
• This rent runs 34% of the median local income ($108k/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 $9k 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

• It's been on market 79 days — a 6% lower offer ($277k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 18y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $70k; list at $295k implies a 321% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $277,206 (6.0% below list)

Questions for the listing agent

1. It's been on market 79 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 1.05% ✓
• Cap rate: 7.95%
• Cash-on-cash: 5.93%
• DSCR: 1.26
• GRM: 7.9

CMA / ARV

• ARV (median comp): $267,500
• List price: $294,900
• Delta: 10.24%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
29129 Verdi Rd #29129	0.05mi	2/2.0	1,536 (+3%)	4mo	$270,000	$176	89
29090 Verdi Rd #15	0.10mi	2/2.0	1,536 (+3%)	5mo	$298,000	$194	86
29138 Delgado Rd	0.15mi	2/2.0	1,440 (-3%)	4mo	$284,000	$197	85
29131 Delgado Rd	0.17mi	2/2.0	1,440 (-3%)	3mo	$258,000	$179	84
29060 Aztec Rd #79	0.14mi	2/2.0	1,440 (-3%)	8mo	$297,500	$207	82
29133 De La Cruz Rd	0.10mi	2/2.0	1,344 (-10%)	2mo	$231,900	$173	77
29255 Harpoon Way	0.55mi	2/2.0	1,440 (-3%)	1mo	$265,000	$184	68
29058 Verdi Rd #11	0.14mi	2/2.0	1,680 (+13%)	8mo	$319,500	$190	66
935 Fall River Dr	0.66mi	2/2.0	1,494 (+0%)	9mo	$229,900	$154	61
29315 Harpoon Way	0.66mi	2/2.0	1,334 (-10%)	1mo	$255,000	$191	51
29266 Nantucket Way	0.59mi	2/2.0	1,670 (+12%)	1mo	$190,000	$114	51
29330 Middleborough Way	0.74mi	3/3.0 (+1)	1,640 (+10%)	2mo	$319,000	$195	38

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 · 2.58% rent growth · sell at horizon

5-year hold

• IRR: -7.6%
• Equity multiple: 0.72×
• Total profit: $-23,040
• Equity at exit: $43,971

10-year hold

• IRR: 1.4%
• Equity multiple: 1.10×
• Total profit: $8,307
• Equity at exit: $25,498

Cash invested: $82,572 (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 94544

• Rents YoY: 2.6%
• Active inventory: 169
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $3,097 high
• Mortgage (P&I): −$1,546
• Tax est. 1.5%: −$369 /mo · $4,424/yr
• Insurance: −$123
• HOA: −$0
• Vacancy / Maint / Mgmt: −$650
• Net cashflow: $408

Break-even live

Break-even rent $2,580

Max offer price $294,900

Occupancy floor 82%

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: $73,725
• Closing costs: $8,847
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
29163 Dixon St Hayward, CA	2.0–3.0	1.0–1.5	1100	$2,995	$2.72	1d	5	0.07mi
29289 Dixon St Hayward, CA	2.0	1.0–2.0	990	$2,285	$2.31	23d	2	0.09mi
376 Line St Hayward, CA	2.0	2.0	1286	$3,500	$2.72	1d	1	0.23mi
28850 Dixon St Hayward, CA	1.0–2.0	1.0–2.0	906	$3,406	$3.76	1d	10	0.23mi
29384 Hub Ln Hayward, CA	3.0	2.5	1684	$3,950	$2.35	3d	1	0.24mi
29384 Hub Ln Hayward, CA	3.0	2.5	1684	$3,950	$2.35	1d	1	0.24mi
29189 Lassen St Hayward, CA	3.0	2.0	1180	$3,500	$2.97	43d	1	0.26mi
111 Notion Way Hayward, CA	3.0	2.5	1718	$4,250	$2.47	43d	1	0.34mi
655 Tennyson Rd Hayward, CA	1.0–2.0	1.0–2.0	838	$3,169	$3.78	2d	7	0.34mi
34 Ballard Ct Hayward, CA	2.0	1.0	1000	$2,400	$2.40	43d	1	0.41mi
317 Tennyson Rd Hayward, CA	3.0	1.0	1050	$3,395	$3.23	12d	1	0.42mi
28168 Mission Blvd Hayward, CA	1.0–3.0	1.0–2.0	1196	$3,947	$3.30	1d	9	0.51mi
837 Hancock St Hayward, CA	1.0–3.0	1.0–2.0	955	$3,188	$3.34	1d	14	0.58mi
695 Bristol Dr #178 Hayward, CA	2.0	2.0	894	$2,750	$3.08	1d	1	0.59mi
27703 Persimmon Dr Hayward, CA	3.0	3.0	1549	$3,695	$2.39	43d	1	0.75mi
720 W Tennyson Rd Hayward, CA	3.0	1.0–2.0	630	$2,805	$4.45	1d	1	0.78mi
27427 Stoneridge Ct Hayward, CA	2.0	1.5	1008	$2,500	$2.48	43d	1	0.89mi
28187 Karn Dr Hayward, CA	3.0	2.5	1335	$3,300	$2.47	5d	1	0.90mi
27070 Manon Ave Unit 6A Hayward, CA	2.0	1.0	900	$2,200	$2.44	43d	1	1.13mi
27500 Tampa Ave Unit 85 Hayward, CA	2.0	1.5	950	$2,275	$2.39	15d	1	1.13mi
27033 Belvedere Ct Apt 8 Hayward, CA	2.0	2.0	900	$2,400	$2.67	24d	1	1.14mi
27162 Tampa Ave #70 Hayward, CA	2.0	1.0	977	$2,550	$2.61	3d	1	1.20mi
981 Cheryl Ann Cir #40 Hayward, CA	3.0	2.0	1245	$3,800	$3.05	43d	1	1.25mi
26379 Whitman St Hayward, CA	1.0–2.0	1.0	894	$2,971	$3.32	1d	11	1.41mi

Listing history 21 events

1. 2026-06-18
   days on market $294,900 Active 79 DOM
2. 2026-06-17
   days on market $294,900 Active 78 DOM
3. 2026-06-16
   days on market $294,900 Active 77 DOM
4. 2026-06-15
   days on market $294,900 Active 76 DOM
5. 2026-06-13
   days on market $294,900 Active 74 DOM
6. 2026-06-13
   days on market $294,900 Active 73 DOM
7. 2026-06-09
   days on market $294,900 Active 70 DOM
8. 2026-06-08
   days on market $294,900 Active 69 DOM
9. 2026-06-07
   days on market $294,900 Active 68 DOM
10. 2026-06-04
    days on market $294,900 Active 65 DOM
11. 2026-06-03
    days on market $294,900 Active 64 DOM
12. 2026-06-02
    days on market $294,900 Active 63 DOM
13. 2026-06-01
    days on market $294,900 Active 62 DOM
14. 2026-05-31
    days on market $294,900 Active 61 DOM
15. 2026-05-06
    price $294,900 917-char remark

    Show marketing remark (917 chars)

    Explore this charming 1976 home in the Spanish Ranch 2 Community, offering 1,488 square feet of living space with 2 bedrooms and 2 bathrooms. Low Space Rent. The living room is carpeted for comfort, while the family room includes a small bar and features linoleum flooring. The dining area is equipped with cabinets and also has linoleum flooring. The kitchen comes with a microwave, refrigerator, stove, oven, dishwasher, garbage disposal, ceiling light, and linoleum flooring. Both bedrooms are carpeted, with one bedroom featuring a walk-in closet. The master bathroom offers double sinks, a sliding glass door, cabinets, linoleum flooring, and a tub and shower. The guest bathroom features a standing shower and linoleum flooring. The backyard includes a shed, and the utility room has linoleum flooring as well. A washer and dryer are included, along with central AC and heat. Stop by today to see your new home!

16. 2026-05-06
    price $294,900 917-char remark

    Show marketing remark (917 chars)

    Explore this charming 1976 home in the Spanish Ranch 2 Community, offering 1,488 square feet of living space with 2 bedrooms and 2 bathrooms. Low Space Rent. The living room is carpeted for comfort, while the family room includes a small bar and features linoleum flooring. The dining area is equipped with cabinets and also has linoleum flooring. The kitchen comes with a microwave, refrigerator, stove, oven, dishwasher, garbage disposal, ceiling light, and linoleum flooring. Both bedrooms are carpeted, with one bedroom featuring a walk-in closet. The master bathroom offers double sinks, a sliding glass door, cabinets, linoleum flooring, and a tub and shower. The guest bathroom features a standing shower and linoleum flooring. The backyard includes a shed, and the utility room has linoleum flooring as well. A washer and dryer are included, along with central AC and heat. Stop by today to see your new home!

17. 2026-03-31
    listed $299,900 Active 917-char remark

    Show marketing remark (917 chars)

    Explore this charming 1976 home in the Spanish Ranch 2 Community, offering 1,488 square feet of living space with 2 bedrooms and 2 bathrooms. Low Space Rent. The living room is carpeted for comfort, while the family room includes a small bar and features linoleum flooring. The dining area is equipped with cabinets and also has linoleum flooring. The kitchen comes with a microwave, refrigerator, stove, oven, dishwasher, garbage disposal, ceiling light, and linoleum flooring. Both bedrooms are carpeted, with one bedroom featuring a walk-in closet. The master bathroom offers double sinks, a sliding glass door, cabinets, linoleum flooring, and a tub and shower. The guest bathroom features a standing shower and linoleum flooring. The backyard includes a shed, and the utility room has linoleum flooring as well. A washer and dryer are included, along with central AC and heat. Stop by today to see your new home!

18. 2026-03-31
    listed $299,900 Active 917-char remark

    Show marketing remark (917 chars)

    Explore this charming 1976 home in the Spanish Ranch 2 Community, offering 1,488 square feet of living space with 2 bedrooms and 2 bathrooms. Low Space Rent. The living room is carpeted for comfort, while the family room includes a small bar and features linoleum flooring. The dining area is equipped with cabinets and also has linoleum flooring. The kitchen comes with a microwave, refrigerator, stove, oven, dishwasher, garbage disposal, ceiling light, and linoleum flooring. Both bedrooms are carpeted, with one bedroom featuring a walk-in closet. The master bathroom offers double sinks, a sliding glass door, cabinets, linoleum flooring, and a tub and shower. The guest bathroom features a standing shower and linoleum flooring. The backyard includes a shed, and the utility room has linoleum flooring as well. A washer and dryer are included, along with central AC and heat. Stop by today to see your new home!

19. 2008-07-08
    soldstatus $70,000 138-char remark

    Show marketing remark (138 chars)

    Very clean 2 bedroom 2 bath double wide unit in a quiet and well kept senior park. Seller is extermely motivated, so let's make a deal!!!

20. 2008-06-13
    historical 138-char remark

    Show marketing remark (138 chars)

    Very clean 2 bedroom 2 bath double wide unit in a quiet and well kept senior park. Seller is extermely motivated, so let's make a deal!!!

21. 2008-06-09
    listed $85,000 138-char remark

    Show marketing remark (138 chars)

    Very clean 2 bedroom 2 bath double wide unit in a quiet and well kept senior park. Seller is extermely motivated, so let's make a deal!!!

ⓘ 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) · 50% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 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: $37,158
• − Mortgage interest: −$16,519
• − Property taxes: −$4,424
• − Insurance: −$1,474
• − Repairs & maintenance: −$2,973
• − Management: −$2,973
• − Depreciation: −$8,579
• Taxable income: $217
• Est. tax owed @ 24.0%: −$52
• After-tax cash flow: $4,847/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.

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): 76,947
• Household income: $107,785
• Rent vs Own: 43.8% rent · 56.2% own
• Severe rent burden: 2573.0

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: Highly diverse neighborhood (Simpson 0.70)
• Race & ethnicity: Hispanic / Latino 45% Asian 28% Two or more races 13% White 11% Black 7% Pacific Islander 4% Native American 1%
• Hispanic origin (detail): Mexican 33% Puerto Rican 1%
• Common ancestry: Russian 1% Italian 1% Lithuanian 1%
• Foreign-born: 46% · Canada, China, Vietnam
• Languages at home: 34% English-only · Spanish 37% Tagalog/Filipino 8% Other Indo-European 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: ▼ -907.12%
• Current HPI: 315.6082
• Rent YoY: ▲ 2.58%
• 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

+246.9% since first listed

7 events — show timeline

• 2026-05-06 Price Changed $294,900 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2026-05-06 Price Changed $294,900 MLSListings
• 2026-03-31 Listed $299,900 MLSListings
• 2026-03-31 Listed $299,900 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2008-07-08 Sold (MLS) $70,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2008-06-13 Listing Removed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2008-06-09 Listed $85,000 bridgeMLS, Bay East AOR, or Contra Costa AOR