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83 Kensington Rd Kensington, CA 94707

3 Beds 2 Baths 1,712 sqft Built 1955

INVESTimate

$1,049,000

List Price

$4,430

$4,180 - $4,680

Rent Est.

$1,108,583  ( +5.68%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1955
  • Price/Sqft : $612.73
  • 3 Days on Market
  • MLS # : EB40918014
  • Updated Date : 08/24/2020 at 12:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,712 sqft
  • Baths : 2 full
Listing Agent

Red Oak Realty

Listing Agent's Description

For those seeking serenity, easily accessible hiking trails and convenience to shops, restaurants & public transport, 83 kensington Rd could not be more ideally located. Watch the cows graze, hawks soar and the sun reflect on the canyon from this stunning mid-century home. The living room and dining room have vaulted beamed ceilings and open through sliding doors to an enormous deck with a glass railing. The views from inside and out are meditative. The kitchen, designed by Jarvis Architects, features a Viking range, concrete countertops and beautiful artisan-like cabinetry. The primary bedroom opens to the deck and has a glorious ensuite bath, with a deep soaking tub and walk-in shower. There are two additional bedrooms, both with custom closets and an architect-designed bath with a large walk-in shower and artful cabinetry. Additional amenities include a lovely front patio, 2 storage rooms, a large down-slope lot w/ fruit trees, updated systems, and a 2 car attached garage.

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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
 

$944,100$1,153,900$1,049,000

PURCHASE PRICE

$3,987$4,873$4,430

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,430
EXPENSES Loan Payment -$3,870
Property Tax -$1,232
Property Insurance -$68
Property Management Fees -$217
CASH FLOW
-$958

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.

$1,049,000

PROJECTED PRICE

$4,430

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 5.68%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$283,735

INVESTMENT

$283,735

Down Payment
$262,250
Rehab Estimate
$5,750
Closing Costs
$15,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,870

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $262,250
Loan Amount $786,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$19,533

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,430

    LIST RENT
  • $2.59

    LIST RENT PER SQFT
  • $4,417

    COMP ESTIMATED VALUE
  • $2.58

    COMP AVG. RENT PER SQFT
Comps Range
$3,350
1$3,3502$3,9503$4,4304$4,950
$4,950
RENT COMPS ANALYSIS
  • 83 Kensington Rd Kensington, 3
    • 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $4,430
    • $2.59
    •  
  • 812 Liberty St El Cerrito, 1
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1939 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1939
    LEASED 04/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.13
    •  
  • 7 Arlington Ave Kensington, 2
    • 3 beds 1 baths ∙ 1,416 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,416 Sqft ∙ Built 1949
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.79
    •  
  • 22 Sunset Dr Kensington, 4
    • 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1953
    LEASED 05/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,950
    • $2.82
    •  
PROPERTY LISTING DETAILS
Sheril Madden
Red Oak Realty
BESbswy