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89 Edgecroft Rd Kensington, CA 94707

3 Beds 4 Baths 2,558 sqft Built 1935

$1,295,000

List Price

$6,480

$6.2K - $6.7K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1935
  • Price/Sqft : $506.25
  • 5 Days on Market
  • MLS # : EB40927041
  • Updated Date : 11/01/2020 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,558 sqft
  • Baths : 4 full
Listing Agent

Berkeley Hills Realty

Listing Agent's Description

Panoramic Bay & City Views from Elegant Multi-Level 3br/4ba. Beautiful original details & creative contemporary design enhance views thruout. Great separation of space for relaxed entertaining & maximal privacy. Gorgeous liv rm w/glorious sunset views & wide deck. Exquisite remodeled open-plan kit w/stairway to private br suite, romantic primary bdrm facing view. Lovely lwr lvl with 1 br, 2 full baths, sauna, play room, huge walk-in closet, lots of access to spectacular bkyd English garden. Quiet st, desirable location. 10-min walk to fine amenities. Zoned Kensington Elem.

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
 

$1,165,500$1,424,500$1,295,000

PURCHASE PRICE

$5,832$7,128$6,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $6,480
EXPENSES Loan Payment -$4,778
Property Tax -$1,540
Property Insurance -$89
Property Management Fees -$318
CASH FLOW
-$245

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.

$1,295,000

PROJECTED PRICE

$6,480

PROJECTED RENT

0.50%

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$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k$50k$60k

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$348,925

INVESTMENT

$348,925

Down Payment
$323,750
Rehab Estimate
$5,750
Closing Costs
$19,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$4,778

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $323,750
Loan Amount $971,250
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$107,659

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $6,480

    LIST RENT
  • $2.53

    LIST RENT PER SQFT
  • $7,521

    COMP ESTIMATED VALUE
  • $2.94

    COMP AVG. RENT PER SQFT
Comps Range
$6,480
1$6,4802$6,5003$7,0004$7,000
$7,000
RENT COMPS ANALYSIS
  • 89 Edgecroft Rd Kensington, CA 1
    • 3 beds 4 baths ∙ 2,558 Sqft ∙ Built 1935 3 beds 4 baths ∙ 2,558 Sqft ∙ Built 1935
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $6,480
    • $2.53
    •  
  • 765 San Luis Rd Berkeley, CA 2
    • 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
    •  
  • 1508 Edith St Berkeley, CA 3
    • 4 beds 3 baths ∙ 2,429 Sqft ∙ Built 1922 4 beds 3 baths ∙ 2,429 Sqft ∙ Built 1922
    property image
    LEASED 05/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $7,000
    • $2.88
    •  
  • 3 Vine Ln Berkeley, CA 4
    • 3 beds 4 baths ∙ 2,301 Sqft ∙ Built 1925 3 beds 4 baths ∙ 2,301 Sqft ∙ Built 1925
    property image
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,000
    • $3.04
    •  
PROPERTY LISTING DETAILS
Mykah Larkins
Berkeley Hills Realty
BESbswy