Take a peek at some potential Cash Flow Investment Properties that I looked at over the last couple of days.
I have videos along with the potential cash flow figures for your review. The two that are Bank Owned Duplexes are both in need of work but when you add in the amount it’s going to cost to fix these up, I think it will be worth it.
The reason why I say this is because the rental market is pretty good for properties that have good curb appeal, in good neighborhoods and are updated/upgraded a bit.
3960 La Honda Way, Carmichael was just listed a couple of days ago. Click here for my “pro-forma” cash flow analysis and evaluation if you are an Investor. This one is located on a Cul-De-Sac street consisting of mostly single family homes and is not all that far from Sunrise Blvd and the American River Parkway. If you want a quick street view video I took target=”_blank”>click here for that.
I’ve done the estimated cash flow figures based upon a lower price because I think the Listing Broker has this priced a little high in my opinion for it to be a good cash flow deal for an investor. However…. it is in a pretty nice area.
This property would be a great candidate for someone looking to buy their first home and an investment at the same time because they could live in one side and rent the other. Click Here to see how little you would pay if you lived in one side and rented the other.
Go to RENTOMETER.COM to verify the estimated rents that could be obtained on this property or another property.
FIXERS… FIXERS… FIXERS….
4207 Casa Blanca Lane, Carmichael is a Bank Owned/REO that is in need of some repairs. I’ll let the video speak for itself, so Click Here for that. Click here for the potential cash flow numbers based upon their asking price + the costs of fix up and improvment. It’s listed at $153,000 and just came on the market on April 6th.
6808 Trovita Way, Citrus Heights is another Bank Owned/REO that is listed at $179,000 which had a quick offer that went into escrow, but quickly fell out again and is back on the market. Like the property at Casa Blanca, this one needs some work as you’ll see by clicking here for the video. Here’s the estimated Cash flow figures that I’ve prepared. Please keep in mind when you look at those figures that I’m adding about $30,000 in additional costs on top of the list price to give you a better idea of what it’s real cash flow figures would be.
Come back here from time to time to get updates if you are looking for an investment like this or you can sign up for the RSS feeds.
Make it a great day….
Ed Favinger, Broker CRS, GRI, SFR firstname.lastname@example.org 916-203-1260