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60 Avon Rd. Kensington, CA 94707

3 Beds 2 Baths 1,816 sqft Built 1938

$1,185,000

List Price

$4,950

$4.7K - $5.2K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1938
  • Price/Sqft : $652.53
  • 5 Days on Market
  • MLS # : EB40934104
  • Updated Date : 01/16/2021 at 13:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,816 sqft
  • Baths : 2 full
Listing Agent

The Grubb Co. Inc.

Listing Agent's Description

KENSINGTON AT ITS BEST. On a quiet street halfway between Kensington Village and Colusa Circle, this beautifully maintained solar home is on the market for the first time in 24 years. Enjoy views of the San Francisco and the bay from the kitchen and dining room. Prep gourmet meals in the updated kitchen. Plant veggies in the organic raised beds. Entertain in the private backyard overlooking oak woodlands. Relax in the spacious downstairs bedroom suite with French doors that open out to the backyard. Pursue your hobbies in the attached two-car garage. This home is move-in ready for another 24 years of happy living.

SEE MORE

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
 

$1,066,500$1,303,500$1,185,000

PURCHASE PRICE

$4,455$5,445$4,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,950
EXPENSES Loan Payment -$4,116
Property Tax -$1,409
Property Insurance -$71
Property Management Fees -$243
CASH FLOW
-$889

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.

$1,185,000

PROJECTED PRICE

$4,950

PROJECTED RENT

0.42%

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$30k

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$319,775

INVESTMENT

$319,775

Down Payment
$296,250
Rehab Estimate
$5,750
Closing Costs
$17,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$4,116

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $296,250
Loan Amount $888,750
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$24,582

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,950

    LIST RENT
  • $2.73

    LIST RENT PER SQFT
  • $5,493

    COMP ESTIMATED VALUE
  • $3.03

    COMP AVG. RENT PER SQFT
Comps Range
$4,725
1$4,7252$4,9503$6,250
$6,250
RENT COMPS ANALYSIS
  • 60 Avon Rd. Kensington, CA 2
    • 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 1938 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 1938
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,950
    • $2.73
    •  
  • 510 Evelyn Ave Albany, CA 1
    • 4 beds 3 baths ∙ 1,531 Sqft ∙ Built 1931 4 beds 3 baths ∙ 1,531 Sqft ∙ Built 1931
    property image
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,725
    • $3.09
    •  
  • 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
    •  
PROPERTY LISTING DETAILS
Kathryn Stein
The Grubb Co. Inc.
BESbswy