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

527 Santa Fe Ave Albany, CA 94706

3 Beds 1 Baths 1,151 sqft Built 1927

$1,050,000

List Price

$3,740

$3.5K - $4K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1927
  • Price/Sqft : $912.25
  • 5 Days on Market
  • MLS # : EB40928039
  • Updated Date : 11/04/2020 at 15:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,151 sqft
  • Baths : 1 full
Listing Agent

Berkeley Hills Realty

Listing Agent's Description

Nestle into this sweet family home in highly coveted Albany!� A sapphire-blue jewel box drenched in natural light and surrounded by velvet green, it's a soulful retreat with a fresh new feel.� Front bay windows frame the quiet leafy neighborhood where Colusa Circle shops and farmer's market are around the corner and Solano Avenue is a stroll away.� Bring those goodies home to your newly spruced kitchen with bright countertops, artisan tile and desk nook, all open to the plush private yard with outdoor dining area.� Two bedrooms and a nicely perched office/third bedroom make it ideal to work from home.� Nice garage for storage or possible conversion.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Thousand Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $273k1344k

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

Neighborhood: Thousand Oaks

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $15924455

* 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
 

$945,000$1,155,000$1,050,000

PURCHASE PRICE

$3,366$4,114$3,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,740
EXPENSES Loan Payment -$3,874
Property Tax -$1,165
Property Insurance -$55
Property Management Fees -$183
CASH FLOW
-$1,537

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.

$1,050,000

PROJECTED PRICE

$3,740

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.6%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$284,000

INVESTMENT

$284,000

Down Payment
$262,500
Rehab Estimate
$5,750
Closing Costs
$15,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $262,500
Loan Amount $787,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$865

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
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$0
1$0
$0
RENT COMPS ANALYSIS
  • 527 Santa Fe Ave Albany, CA
    • 3 beds 1 baths ∙ 1,151 Sqft ∙ Built 1927 3 beds 1 baths ∙ 1,151 Sqft ∙ Built 1927
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
PROPERTY LISTING DETAILS
Romney O'connell
Berkeley Hills Realty
BESbswy