If you are looking for a “coupon clipper of a Real Estate Investment, this might be for you.
339 Montrose, Folsom, Ca – Listed at $267,000
I got an update from the MLS that this duplex had come back on the market after being in escrow for a bit.
So when I rushed out earlier today to take a peek for myself there was a couple from Alabama who are moving here walking around the property. They have a son living here who told them about this place so I invited them for a peek with me.
Their names were Ken and Dewey(my middle name). After viewing this proerty, they were excited. To see for yourself, if you click on the link below you will get a video of the property.
VIDEO… VIDEO…VIDEO…
Ken mentioned to me that he and his wife would like to live on one side and rent the other. He’s thinking he’d like to get a cash flow… basically have the other tenant pay his mortgage payment.
When I was speaking with him I wasn’t sure that was possible so I ran the numbers. I have a “pro-forma” analysis showing what your payments would be for this duplex assuming a 3.5% down payment, an FHA loan and a sales price of $245,000.
Get the pro-forma cash flow analysis here.
Let me know what you think…
In the mean time…?
Make it a great day…!
Ed Favinger, Broker, CRS, GRI, SFR favinger@rwnetwork.com 916-203-1260
Related articles
I Have Some Strong Opinions based upon personal experiences.
An Average Duplex in the Sacramento Region
What I told a potential Real Estate Investor who wanted to know what Brokers in the area thought to a question he posed on Trulia.com
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I was a part owner of the Four-plex pictured here back in 1990. We did a little fix up and flip back then when the rents were at $450. Rents on these units now are from $600 – $700.
What did you think of the answers I gave. Are you a Duplex or a Four-plex kind of investor.
In the Mean Time…?
Make it a Great Day…!!!
Ed Favinger, Broker, CRS, GRI, SFR 916-203-1260 favinger@rwnetwork.com
When Will the Market Turn Around…?
Asked by a Home Buyer from Citrus Heights
OPINIONS PLEASE….?
Prices for homes have really dropped since the boom years. I just wanted to get opinions from the Realtors on Trulia on what they think about the prices, if prices are at an all time low, when the market may turn around, etc. This housing market sure has been something else!
Click Here for what I and other Real Estate folks had to say. I think you’ll find the answers interesting and informative. Let us know what you think.
In The Mean Time…?
Make it a Great Day…!
Ed Favinger, Broker CRS, GRI, SFR favinger@rwnetwork.com 916-203-1260
Both have just come on the market. One should go quick and the other one…? Well it’s in a great area but I think the price is suspect big time.
I’ve been out and about and have previewed some interesting Duplexes… some REO/Bank Owned and some Short Sales. Either situation can be a good deal if you have the patience.
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Check out this one that’s a very popular pride of ownership type of Duplex neighborhood located in nice part of Citrus Heights . It’s very near Sunrise Blvd at a point that makes it a great commute location for work centers in Roseville, Rancho Cordova and Folsom and the Sunrise Market Place.
7936-7938 Tangors Way, Citrus Heights, Ca 95610 – Listed at $220,000
If you would like to see how nice these units can be check out this video of one located a few doors away at 6924 Trovita Way.
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Now if you like Orangevale, this one at 9655 Lake Natoma Drive might be a neat property if you manage it a little better. It’s a Duplex that has a common driveway with another Duplex and their detached garages. I hate chain link fences and all the junk in front yard I saw because there are nice places on this street. Check this one out just a few doors away and you’ll what I mean.
Click here for the Cash Flow figures for 9655 Lake Natoma Drive.
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SALES INFORMATION UPDATE COMING….
Check back later, because I’m going to post later today an Excel Spread Sheet in a PDF format of the most recent sales in Duplexes in my preferred areas.
In the Mean Time…?
MAKE IT A GREAT DAY…!
Ed Favinger, Broker CRS, GRI, SFR favinger@rwnetwork.com 916-203-1260
