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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Lots of Pending Sales – Not Much Really on the Market – Info Sorted by Zip Code

I’m currently involved in a couple of transactions that are  Short Sales and Bank Owned/REO Duplex properties.   As part of the process I’d like to keep the folks I work with up to date on the most recent sales data.

So in the course of gathering this data for them, I thought I would share it with you here.

I’ve prepared a spreadsheet in a PDF format that you can down load.   The information is sorted by the  zip codes of my preferred areas first and then by their current status:  (A) Active for Sale Now, (A.S.S) Active Short Sale, (A.S.C), Active Short Sale Contingent – offer pending approval of short sale lender, (Pend) Pending Sale/in escrow, (Sold) Sold and a closed escrow.

If a zip code area you are interested is not shown and you’d like more information about that area, drop a note to me. My email address is below.

Click Here for your copy of the PDF Report.

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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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

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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.

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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 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.

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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.

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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        favinger@rwnetwork.com     916-203-1260

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