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PROPERTY INFO
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!
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PRICE & RENT TRENDS
Neighborhood: Dartmouth
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dartmouth
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$283,735
LOAN DETAILS
$3,644
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $262,250 |
| Loan Amount | $786,750 |
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.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$4,571
COMP ESTIMATED VALUE -
$3.13
COMP AVG. RENT PER SQFT
Comps Range
-
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
Red Oak Realty
