Realty World – Franklin Real Estate Group – Ed Favinger

Thought I’d share this story.

CPR: News Story | Business Journal: Absentee Home Buyers Up.

Make it a Great Day…!

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

You Want the Cash Flow Numbers…?  I Got The Numbers –  Check Them Out…!

First the Short Sale Duplex

I was out and about and came across the Duplex located at 7535 Saint Philomena Way, Citrus Heights.

This thing has been priced so low that it will draw several multiple offers and I’m sure it will go into escrow for at least $180,000.   Now I wasn’t able to get into the units because they are occupied..  At least one is, because when I was there taking pictures a resident was leaving one side.

I”ve based the Cash Flow estimates at a price of $180,000.   Click here for a PDF File for more information.

Click here for a Video that I took that will show the neighborhood better than the Street View link I posted above.  The Street View was taken during Winter months and doesn’t show as well as the Video I took.

Now below is the information for the Bank Owned Duplex

It’s located a few doors away at 7543-45 Saint Philomena.  The “street view” will start you on the way out to Fair Oaks Blvd.,  so when you get on it, go to the left and around the corner to see the property.   By the way… 0ne side is occupied and the other is just about “rent ready”.     For the Pro-forma Cash Flow Figures Click Here.

If you don’t like these…?

I”ve got others that might pique your interest.   Go to “Ed’s Free List” page for more.

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The Price is Right – Just Needs New Management & Some Repairs.

I was involved in a sale of a Duplex next door to this one.   There have been 3 recent sales in the area with new investors fixing these up.   This used to be an awful street of neglect.

That’s all changed in my opinion.   Click Here for the “proforma cash flow analysis”

By the way, we know this area because we also manage the duplex on the left side of this one.

This has been on the market for a while… just waiting for someone to jump on it.

Take a drive by there yourself and see what you think.   I think properties in the City of Rancho Cordova are a great investment.

Make it a great day…!

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

A Duplex with 3 Bedrooms 2 Full Baths and 2 car garages each side.

This is one of the neatest Duplexes I’ve seen in a while.    They’ve priced this one right and it’s in a super neighborhood.

Click here for the “Street View“ from Google and see if you don’t agree with me.

This is a quiet street.   I took this photo on Friday, April 23rd at about 6 PM.  There little kids were out playing and riding bikes…

If you are an Investor click here for my “pro-forma cash flow analysis”.  These are estimates only of course.   I think this one is going to get a lot of attention and most likely,  multiple offers.

Now if you are thinking about living in one side and then renting the other side, I think I can show you here why this would be a good move.   I don’t know of any where in the area that you could buy a home and have payments less than $600 per month.

About the existing loan that has to approve of this Short Sale.

According to the Tax Assessor, the existing loan was just a bit over $500k.  The folks that bought it back then, paid $630,000 for this property.   The Assessor also shows that the loan is held now by Bank of America the successor to Countrywide.    If you want to know some “inside” baseball, Bank of America is one of the slowest when it comes to processing a “short sale“.

However, the wait might be worth it, especially if you are thinking of living in one side and renting the other.

Make it a great day…!

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

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