411 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 $2,698.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($19,994). 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
- Cheapest of 5 tracked in Not Listed
- In-unit W/D
- Garage parking
- Low HOA (0.8%/yr)
⚠️ Cons
- Small (429 sf)
🚩 Red flags
- Back on market — this unit was off the market and was relisted Oct 2
- 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)
- Oct 1, 2026 — Listed $399,888
Description
Here's a great opportunity to purchase a modern 1 bedroom, 1 bath condo through the City of Hayward Below Market Rate program (non-first-time buyers can still qualify). Tucked away inside the desirable SoHay community, this move-in ready corner unit features an open layout with a bright living space and contemporary features such as recessed lighting, dual pane windows, smart doorbell and thermostat. The kitchen offers stainless steel appliances, gas stove with full backsplash, and stylish shaker cabinets. The solar panels and private 1-car attached garage with EV charging pre-wire offers both convenience and security. The low HOA fee makes ownership even more attractive. Walk to nearby…