345 Rhythm Ln
This is an income-restricted (BMR) resale. Its price is set by an income formula, not by the market, so the gap against normal comps is not equity you own — it is a restriction you inherit, with income limits to qualify and a formula price when you sell. Scoring it against market comps would flatter it enormously, so we don't score it at all.
💵What this unit actually costs per month
26% of that payment is not the mortgage. The HOA fee alone is $16,980 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $2,567.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($19,000). Common for small associations and not a defect on its own, but it does remove FHA buyers from your resale pool.
Minimum realistic down payment here: 5% · verify on HUD's lookup
Rate is the Freddie Mac PMMS 30-year average for the week of 2026-10-08 — a national survey figure, not a quote. Tax, insurance and closing costs are estimates; your own Loan Estimate is the real number.
This building's HOA fees
We haven't reconstructed a multi-year fee history for this building yet. We have one recorded fee on file ($283 in 2026), not enough for a trend yet. The listing shows $283/mo today. Upload its HOA docs and we'll build the full reserve & special-assessment report — free.
🏢 Get this building's free HOA report →✅ Positives
- In-unit W/D
- Garage parking
- Low HOA (0.9%/yr)
- Newer build (2021)
⚠️ Cons
- Small (429 sf)
- Photos look dim — verify light in person
🚩 Red flags
- Income-restricted (BMR) resale — price set by an income formula, not the market; buyer income limits apply and the gap vs comps is not equity
Photos
Price history (this unit)
- Sep 14, 2026 — Listed $380,000
- Sep 14, 2026 — Listed $380,000
Description
Welcome to 345 Rhythm Ln, a move-in-ready 1-bedroom, 1-bath corner-unit condo built in 2021 in Haywards desirable SoHay community! Enjoy modern, energy-efficient living with an attached 1-car garage, solar panels, EV charging pre-wire, tankless water heater, dual-pane windows, central A/C & heat, recessed lighting, in-unit washer & dryer, stainless steel appliances and gas range. Ideally located next to SoHay Park and approximately a 10-minute walk to BART, with an exceptionally low HOA. BEST OF ALLthis home is part of the City of Haywards Below Market Rate (BMR) Homeownership Program, creating an opportunity for qualified buyers to purchase at a below-market price. You DO NOT need to be a…