Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1925
- Price/Sqft : $614.01
- 7 Days on Market
- MLS # : EB40929459
- Updated Date : 11/20/2020 at 13:48
CONSTRUCTION
- Beds : 4
- Floor Size : 1,399 sqft
- Baths : 1 full
Listing Agent
Bhg Highland Partners
Listing Agent's Description
Welcome home to a bit of east bay paradise. Down at the end of the street is Colusa Circle with Semifreddis bakery, Benchmark pizza, Kensington Circus pub, Colusa foods market, Farmers market and more. Not far is the 1000 Oaks district with Solano Avenue dining, shopping and services. As you enter there is plenty of room for shaking off the chill and rain before you enter the front room. The front room features a stone fireplace and well placed windows. The dining room is large enough for post-Covid gatherings. Next is the west facing kitchen with built in spice racks and a roomy eat in nook wrapped in windows giving great light overlooking the backyard. The feature this home offers, which many do not, is a potential 3rd bedroom and home office in the upper level. The office overlooks the flagstone backyard which gives it a sense of space larger than it is. 1628 Oak View Avenue is waiting for you to experience.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Kensington
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kensington
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,010 |
| EXPENSES | Loan Payment | -$3,169 |
| Property Tax | -$1,022 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$196 | |
|
CASH FLOW
-$438
|
||
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.
$859,000
PROJECTED PRICE
$4,010
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$233,385
LOAN DETAILS
$3,169
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $214,750 |
| Loan Amount | $644,250 |
4.25
YEARS SAVED
$41,870
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 -
$2.87
LIST RENT PER SQFT
-
$4,598
COMP ESTIMATED VALUE -
$3.29
COMP AVG. RENT PER SQFT
Comps Range
-
1628 Oak View Ave Kensington, CA 1
- 4 beds 1 baths ∙ 1,399 Sqft ∙ Built 1925 4 beds 1 baths ∙ 1,399 Sqft ∙ Built 1925
- Rent
- Rent Per SQFT
- $4,010
- $2.87
-
1042 Peralta Ave Albany, CA 2
- 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
-
1010 Cragmont 2 Berkeley, CA 3
- 3 beds 1 baths ∙ 1,428 Sqft ∙ Built 1916 3 beds 1 baths ∙ 1,428 Sqft ∙ Built 1916
LEASED 04/21/20- Rent
- Rent Per SQFT
- $4,299
- $3.01
-
725 Coventry Rd Kensington, CA 4
- 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 1920 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 1920
LEASED 09/01/19- Rent
- Rent Per SQFT
- $4,500
- $3.31
PROPERTY LISTING DETAILS
Bhg Highland Partners
