A Nice Duplex, A Great Area… But Darn it… it’s just so “Overpriced”

It’s Not a Short Sale.. but at $299,000 there’s no upside for today’s investor.

I drove by this duplex located at 5849-5851 Nutchatch Court, Fair Oaks yesterday.  While it’s on a nice Dead End Court and there are pride of ownership duplexes around it, they are just asking too much money for it.

I’ve got a Proforma Cash Flow analysis based upon that I think it should sell for here and a Palm Video of the exterior here.

Since this Duplex is currently occupied I couldn’t get in to take any pictures or video…   However… I do have a Palm Video of the 2 bedroom 2 bath side on a  duplex just around the corner on Moss Creek Circle.  The floor plans in this neighborhood are all pretty much the same with the exceptions of course being the paint schemes and updates/upgrades.  Click Here to get an idea of the 2 bedroom floor plan.

There’s just not a real decent cash flow at their price,  so you’d have to get it for about $265,000 for it to even break even with about 25% down. 

 

Make it a Great Day

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Ed’s Contact Info:  email – favinger@rwnetwork.com Mobile: 916-203-1260

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