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1120 Masonic Ave Albany, CA 94706

2 Beds 1 Baths 1,072 sqft Built 1931

$975,000

List Price

$3,280

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1931
  • Price/Sqft : $909.51
  • 5 Days on Market
  • MLS # : EB40929641
  • Updated Date : 11/19/2020 at 13:27
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,072 sqft
  • Baths : 1 full
Listing Agent

Red Oak Realty

Listing Agent's Description

Sweet as pie Albany bungalow in a wonderfully convenient location. Pick up some bagels at the nearby Berkeley Bagels, or stroll over to the Westbrae Biergarten from this well-located home, directly across from the Ohlone Greenway and bike path. Traditional floor plan, 2 ample sized bedrooms, and 1 bath. A large living room with fireplace and newly refinished hardwood floors, adjoins the dining room. Light-filled, eat-in kitchen, all appliances included, opens to a sunny rear deck. Private rear garden with a pergola, rose bushes, and seasonal blooms. Separate garage with workshop. 1 block to the Albany library, 1 block to Westbrae/Gilman Street shops, approx. 1 mile to North Berkeley BART.� Freshly painted inside and out.� Highly-rated Albany schools.

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
 

$877,500$1,072,500$975,000

PURCHASE PRICE

$2,952$3,608$3,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,280
EXPENSES Loan Payment -$3,597
Property Tax -$1,082
Property Insurance -$53
Property Management Fees -$161
CASH FLOW
-$1,613

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.

$975,000

PROJECTED PRICE

$3,280

PROJECTED RENT

0.34%

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

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$264,125

INVESTMENT

$264,125

Down Payment
$243,750
Rehab Estimate
$5,750
Closing Costs
$14,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,597

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $243,750
Loan Amount $731,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$146

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
  • $3,511

    COMP ESTIMATED VALUE
  • $3.28

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$2,995
$2,995
RENT COMPS ANALYSIS
  • 1120 Masonic Ave Albany, CA 1
    • 2 beds 1 baths ∙ 1,072 Sqft ∙ Built 1931 2 beds 1 baths ∙ 1,072 Sqft ∙ Built 1931
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 917 Virginia St Berkeley, CA 2
    • 2 beds 1 baths ∙ 870 Sqft ∙ Built 1913 2 beds 1 baths ∙ 870 Sqft ∙ Built 1913
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $3.22
    •  
  • 2124 5th Street Berkeley, CA 3
    • 2 beds 1 baths ∙ 900 Sqft ∙ Built 1929 2 beds 1 baths ∙ 900 Sqft ∙ Built 1929
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $3.33
    •  
PROPERTY LISTING DETAILS
Donald Adamson
Red Oak Realty
BESbswy