Realty World – Your Property Source

Live Near Million $$$ Homes – Payments Cheaper Than Rent

I was out and about looking at property and have seen this one a couple of times on the MLS.   Click Here for the basic information if you’d like to see it.

This property is nestled in a pretty nice area with Oak Trees everywhere.   If you looked at the map on the link above maybe you noticed how close to the American River Parkway this property is near.  You owe it to yourself to drive by this property and the neighborhood.

This Duplex would be a great “owner occupied” candidate if you wanted a Single Family neighborhood feel.

I GOT VIDEO…!   I GOT VIDEO…!

Click On Here and join me on my walk around the property.

Click on this link to see the immediate neighborhood around this property

Cash Flow…?   You Want Cash Flow…? Or would you like to live in one unit and rent the other?   This is one property that could go either way.   You have to buy it for the right price though.  Although it’s listed at $319,900, it’s not going to sell for that in my opinion.   I think it should sell for something near or at $250,000.   If you look at the comparable sales data, there hasn’t been one sell for much over that,  if any.

Click Here for the comparable sales to prove my point.

Click the link below this paragraph for my projections – which includes costs to fix up calculated in.   I’ve got figures if you are a “Non-Owner Occupied Cash Flow Investor”  or you’re maybe a 1st time buyer and want to live in one side and “rent the other”.

Go Here To Get the Projections

If you’ve seen the projections and are curious about what you can get for rent in this neighborhood, go to this website that will give you the data.   It only asks you for the address and bedrooms nothing more, but it does show the location of the comparable rentals in nearby neighborhoods.

Let me know what you think.

In The Mean Time…?

MAKE IT A GREAT DAY…!!!

Ed Favinger, Broker, CRS, GRI, SFR         favinger@rwnetwork.com       916-203-126-

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An Up to Date Look at Some Recent Sales Activity – Some Stats and More

The reason I like these particular areas among others is because they have been easy to rent for the most part.   Citrus Heights has become an incorporated city since I moved here years ago bringing more local control of their resources.    You can see the results of their stewardship of tax dollars along Greenback  and especially along the Sunrise Blvd corridor.    They’ve done a nice job promoting the Sunrise Market Place which has to compete with other shopping areas in Sacramento, Folsom and Roseville.

There is a nice mix of Duplex investment properties in this area so if you are looking to buy your 1st investment property, you wouldn’t go wrong here.

Carmichael is an unincorporated area that has a diverse mix of housing.   You can find some pretty expensive homes here along with a mix of Apartments, Duplexes and the like.

Over the years this area has been popular with investors because of the mix of these types of properties are sprinkled in with single family home type of neighborhoods.

Take a look at the map of the area and you’ll see it’s got a unique location.   Not a lot of work centers here… it’s primarily a residential area.

Here’s the comparable sales report for both Citrus Heights and Carmichael.  I’d like to know what you think.    CLICK HERE to get a PDF file with the sales data…

Now… in the Mean Time…?

Make it a Great Day..!

Ed Favinger, Broker, CRS, GRI, SFR         favinger@rwnetwork.com    916-203-1260

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This was asked by an investor on Trulia.   See what I and other professionals had to say.

Click here for the link to the discussion and answer to this investor’s question.

In the mean time…?

Make it a Great Day…!

Ed Favinger, Broker CRS, GRI, SFR       favinger@rwnetwork.com    916-203-1260

Some Interesting New Listings That Have “Piqued” My Attention… might pique yours too

I’ve been out and about in the last few days looking at new inventory and reviewing some that have quickly sold and then have fallen out of escrow.    The list below are just a few that I’ve seen lately I wanted to pass on.  They are in various areas… all of which I think would be decent investments,  if purchased at the right price of course.

By clicking on the address of these properties you will open up a “pro-forma” cash flow analysis in PDF format.   I have some videos as well

Let’s start with a Short Sale first.

2325 Irma Way, Sacramento, Ca 95825 – Listed at $160,000 –  Nice area of duplexes – According to the listing agent they will consider a new roof credit at full price.   I have a flyer here with some pictures of the interior because I couldn’t get in to see the interiors.  It was a nice quiet morning that I was over there and I think you’ll be impressed with the neighborhood.   Here’s a video of the exterior.  I was there at about 11 or so Saturday, October 1st.

Below are some Bank Owned/REO types of deals. These are a bit rough.  I call them ”beaters” – but they are more commonly known as “fixer uppers” – .

7576-78 Cook Avenue, Citrus Heights, Ca – Listed at $127,900 – This one needs a bit of work.   The Cash Flow figures are based upon the price as if it were fixed up.  I’m guessing it needs something around $20,000 to really do it right.  But after you are done, you’ll have a real nice place and no problem leasing this up.   Click Here for the Video Walk Through.

7214-16 Grady Drive, Citrus Heights, Ca – Listed at $136,900 – As in the above situation, the cash flow figures are based upon the price as if it were fixed up.   I have told clients over the last couple of years that the average you’ll spend on one of these deals will be between $7,500 to $10,000 per side to get these in a really nice “rent ready’ condition.   Click Here for the Video Walk Through

If these properties interest you, drop me a note or call me at any time.

In the mean time…?

Make it a great day…!

Ed Favinger, Broker, CRS, GRI, SFR    916-203-1260      favinger@rwnetwork.com

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