Cash Flow in Rancho Cordova – Duplex for Sale

A rare Duplex with 3 bedrooms 2 bath on each side.

 

20140905_144808We put this property on the market at approximately 3:00 PM Tuesday and I had the 1st offer about 5 or 6 PM that day.

As of Friday, Jan. 30, 2015, I have had a total of 5 offers… Four of them are from investors and one FHA buyer that would like to live in one side and rent the other.

This used to be a run down area. However, since the City of Rancho Cordova has been incorporated, they’ve really made a difference because of stricter code enforcement in rental areas like the one this property is located in.

The Folsom Cordora School District has also upgraded the Cordova Villa Elementary School which is just up the street.

Our Property Management Company, Haven Properties has managed this property since the owner’s acquisition and can provide the history of income and expenses to show this is a great investment.

Click Here to get the info on this property which includes, some video (including a video narrated by Terry Bradshaw)  and the cash flow figures.

In the mean time…?

Make it a Great Day…!

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

Sacramento Millennials – Probably Going to Rent for a While Yet…

More old news from the Sacramento Bee

You know it was just a few days ago that I was opining about the rental market here in the Sacramento Region.

It’s supposed to be a great market if you are a Landlord.   I agree and I can speak with a little authority because our Property Management Company services about 350 units all over the area,  so we know what rents are and what tenants are looking for.

Sacramento River Front

Sacramento River Front (Photo credit: Wikipedia)

Anyway… Here’s an article from last Saturday’s Sacramento Bee, front page and above the fold that I thought I’d share with you to make my point.

Sacramento-area millennials are putting off homeownership

Every article I’ve read from trade publications around the country show this trend is going to last for a while… they say.

Here’s an article from the Sacramento Business Journal recapping some of the big “multi-family” deals in there area.

You’ve just got to know that if big funds are moving into large complexes the same fundamentals they see will work for small investors as well.

Bottom line…?    If you are thinking of getting into the Rental Real Estate market, it looks like you’ll do well and not have a big problem finding qualified tenants.

You will have competition from other rentals so don’t forget that you’ll need to maintain yours in great shape.

 

In the Mean Time…?

Make it a Great Day…!

Ed Favinger, Broker, CRS, GRI, SFR, CDPE