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109 Arlington Ave Kensington, CA 94707

3 Beds 2 Baths 1,282 sqft Built 1946

$879,000

List Price

$4,010

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1946
  • Price/Sqft : $685.65
  • 5 Days on Market
  • MLS # : EB40932154
  • Updated Date : 12/18/2020 at 16:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,282 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

As you wind along Arlington, on a beautiful�tree lined stretch of Kensington, 109 will lure you in with�its idyllic�form and scenic garden, where the flowers flirt with the bees and butterflies�and time stands still, even just for a moment.�This traditional and alluring home is a perfect�mix of period details, complemented�by modern amenities�in an ideal location. You will be instantly�embraced by the hardwood floors, fireplace and tastefully updated eat-in kitchen.�Entertain with ease in the spacious living room, open to the kitchen and patio as you enjoy greenery from every window.�There are 3 bedrooms in this split level�home. The primary bedroom has a fun European�style bathroom, walk-in closet & french doors leading to the private yard. Intimate, yet with an ideal separation�of space, the floor plan is beyond comparison. The yard is a magical place with a view and could be your very own orchard with many fruiting trees, including: 3 persimmons, 2 apples, 1 pear and a small plum!

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PRICE & RENT TRENDS

Neighborhood: Kensington

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $273k1253k

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

Neighborhood: Kensington

NeighborhoodNIR Market*CityMarket2010Year20012019 Q22000250030003500400045005000Rent in $16715037

* 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
Kensington Elementary School Primary Regular 514 19 9
Kensington Elementary School Middle Regular 514 19 9
El Cerrito High School High Regular 1,364 55 5

Kensington Elementary School

  • Education Level: Primary
  • # of students: 514
  • # of teachers: 19
9
GreatSchools Rating

Kensington Elementary School

  • Education Level: Middle
  • # of students: 514
  • # of teachers: 19
9
GreatSchools Rating

El Cerrito High School

  • Education Level: High
  • # of students: 1,364
  • # of teachers: 55
5
GreatSchools Rating
 

$791,100$966,900$879,000

PURCHASE PRICE

$3,609$4,411$4,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,010
EXPENSES Loan Payment -$3,243
Property Tax -$1,045
Property Insurance -$58
Property Management Fees -$196
CASH FLOW
-$533

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.

$879,000

PROJECTED PRICE

$4,010

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 5.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$238,685

INVESTMENT

$238,685

Down Payment
$219,750
Rehab Estimate
$5,750
Closing Costs
$13,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,243

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $219,750
Loan Amount $659,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$35,540

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,010

    LIST RENT
  • $3.13

    LIST RENT PER SQFT
  • $4,025

    COMP ESTIMATED VALUE
  • $3.14

    COMP AVG. RENT PER SQFT
Comps Range
$3,950
1$3,9502$4,0103$4,2004$4,725
$4,725
RENT COMPS ANALYSIS
  • 109 Arlington Ave Kensington, CA 2
    • 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 1946
    • Rent
    • Rent Per SQFT
    •  
    • $4,010
    • $3.13
    •  
  • 7 Arlington Ave Kensington, CA 1
    • 3 beds 1 baths ∙ 1,416 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,416 Sqft ∙ Built 1949
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.79
    •  
  • 1042 Peralta Ave Albany, CA 3
    • 3 beds 2 baths ∙ 1,187 Sqft ∙ Built 1928 3 beds 2 baths ∙ 1,187 Sqft ∙ Built 1928
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $3.54
    •  
  • 510 Evelyn Ave Albany, CA 4
    • 4 beds 3 baths ∙ 1,531 Sqft ∙ Built 1931 4 beds 3 baths ∙ 1,531 Sqft ∙ Built 1931
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,725
    • $3.09
    •  
PROPERTY LISTING DETAILS
Julia Temple
Compass
BESbswy