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1628 Oak View Ave Kensington, CA 94707

4 Beds 1 Baths 1,399 sqft Built 1925

$859,000

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
November 16, 2020 RECENTLY ADDED
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.

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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
 

$773,100$944,900$859,000

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 -$3,169
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

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$233,385

INVESTMENT

$233,385

Down Payment
$214,750
Rehab Estimate
$5,750
Closing Costs
$12,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,169

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $214,750
Loan Amount $644,250
See What Happens When You Reinvest Cash Flow

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
$4,010
1$4,0102$4,2003$4,2994$4,500
$4,500
RENT COMPS ANALYSIS
  • 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
Michael Stephens
Bhg Highland Partners
BESbswy