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1048 Kains Ave Albany, CA 94706

3 Beds 3 Baths 1,462 sqft Built 1925

$1,049,000

List Price

$4,090

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1925
  • Price/Sqft : $717.51
  • 4 Days on Market
  • MLS # : EB40933484
  • Updated Date : 01/07/2021 at 14:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,462 sqft
  • Baths : 3 full
Listing Agent

Red Oak Realty

Listing Agent's Description

Lovely Albany 3 bedroom, 2 bath home plus detached ADU! The home has been updated with a large modern eat-in kitchen with stainless steel appliances, and a pantry. The kitchen opens to a deck and sunny backyard with patio, level lawn area, and extra seating space for entertaining. Two updated bathrooms, one with dual-sink vanity, and stacked washer/dryer. Hardwood floors throughout. Living room with brick fireplace. Recently constructed stylish accessory dwelling unit with kitchen, full bathroom, and air conditioning - perfect for guests or office space. Great location near Solano Avenue shopping and transportation. This property is lovingly-maintained and ready for a new owner!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dartmouth

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Dartmouth

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800Rent in $15743863

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Albany Middle School Middle Regular 868 44 9
Albany High School High Regular 1,195 61 9

Albany Middle School

  • Education Level: Middle
  • # of students: 868
  • # of teachers: 44
9
GreatSchools Rating

Albany High School

  • Education Level: High
  • # of students: 1,195
  • # of teachers: 61
9
GreatSchools Rating
 

$944,100$1,153,900$1,049,000

PURCHASE PRICE

$3,681$4,499$4,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,090
EXPENSES Loan Payment -$3,644
Property Tax -$1,164
Property Insurance -$62
Property Management Fees -$200
CASH FLOW
-$980

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$1,049,000

PROJECTED PRICE

$4,090

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$283,735

INVESTMENT

$283,735

Down Payment
$262,250
Rehab Estimate
$5,750
Closing Costs
$15,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,644

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $262,250
Loan Amount $786,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$12,346

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $4,571

    COMP ESTIMATED VALUE
  • $3.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,3003$4,5004$4,725
$4,725
RENT COMPS ANALYSIS
  • 1048 Kains Ave Albany, CA 1
    • 3 beds 3 baths ∙ 1,462 Sqft ∙ Built 1925 3 beds 3 baths ∙ 1,462 Sqft ∙ Built 1925
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 823 Santa Fee Albany, CA 2
    • 3 beds 2 baths ∙ 1,445 Sqft ∙ Built 1928 3 beds 2 baths ∙ 1,445 Sqft ∙ Built 1928
    property image
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $2.98
    •  
  • 725 Coventry Rd Kensington, CA 3
    • 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 1920 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 1920
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $3.31
    •  
  • 510 Evelyn Ave Albany, CA 4
    • 4 beds 3 baths ∙ 1,531 Sqft ∙ Built 1931 4 beds 3 baths ∙ 1,531 Sqft ∙ Built 1931
    property image
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,725
    • $3.09
    •  
PROPERTY LISTING DETAILS
Devin Ratoosh
Red Oak Realty
BESbswy