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220 Yale Ave Kensington, CA 94708

3 Beds 2 Baths 2,000 sqft Built 1927

$1,195,000

List Price

$4,680

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1927
  • Price/Sqft : $597.50
  • 5 Days on Market
  • MLS # : MR40928112
  • Updated Date : 11/04/2020 at 21:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,000 sqft
  • Baths : 2 full
Listing Agent

Bay Star Realty

Listing Agent's Description

Brand new rebuilt from foundation. Panoramic views of the GG, Bay Bridges, Alcatraz, and Mt. Tam. from both levels. Large usable landscaped yard with multiple terraces and views for entertaining. High quality materials. Open floor plan on main level, chef kitchen with high end appliances. Private master suite with direct access to yard. Bonus finished room for gym or office. 1 car finished garage and off street parking. Conveniently located near shopping and dining on Arlington and Solano Avenues, just minutes to Tilden Park and the renowned Kensington Hilltop Elementary School. Everything is here: brand new rebuilt, panoramic views, large usable yard, bonus office or gym, parking. virtual link: "https://my.matterport.com/show/?m=5LmkKyZbg11&brand=0" GLA 2000SF per builder, includes est 150SF unwarranted bonus room. buyers advised obtain written reports by licensed contractors to verify GLA, lot size.

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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
 

$1,075,500$1,314,500$1,195,000

PURCHASE PRICE

$4,212$5,148$4,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,680
EXPENSES Loan Payment -$4,409
Property Tax -$1,421
Property Insurance -$75
Property Management Fees -$229
CASH FLOW
-$1,455

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.

$1,195,000

PROJECTED PRICE

$4,680

PROJECTED RENT

0.39%

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$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

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

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$322,425

INVESTMENT

$322,425

Down Payment
$298,750
Rehab Estimate
$5,750
Closing Costs
$17,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,409

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $298,750
Loan Amount $896,250
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$6,128

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,680

    LIST RENT
  • $2.34

    LIST RENT PER SQFT
  • $5,800

    COMP ESTIMATED VALUE
  • $2.9

    COMP AVG. RENT PER SQFT
Comps Range
$4,680
1$4,6802$4,9003$6,2504$6,500
$6,500
RENT COMPS ANALYSIS
  • 220 Yale Ave Kensington, CA 1
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1927 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1927
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,680
    • $2.34
    •  
  • 829 Coventry Rd Kensington, CA 2
    • 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 1927 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 1927
    property image
    LEASED 05/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $2.84
    •  
  • 434 Grizzly Peak Blvd Berkeley, CA 3
    • 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 1934 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 1934
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,250
    • $2.96
    •  
  • 765 San Luis Rd Berkeley, CA 4
    • 3 beds 4 baths ∙ 2,240 Sqft ∙ Built 1924 3 beds 4 baths ∙ 2,240 Sqft ∙ Built 1924
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $2.90
    •  
PROPERTY LISTING DETAILS
Alex Pavlovsky
Bay Star Realty
BESbswy