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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- Is The Rental Market Good in the Sacramento Area (www.TheyCallMeMrEd.com)
- Should You Buy a Fixer-Upper? (pinkbananaworld.com)
I’m bookmarking your blog for future use, you are truly an authority in this subject. The market is a mess right now and good useful information is a consumers best tool for survival.