Some Interesting New Listings That Have “Piqued” My Attention… might pique yours too
I’ve been out and about in the last few days looking at new inventory and reviewing some that have quickly sold and then have fallen out of escrow. The list below are just a few that I’ve seen lately I wanted to pass on. They are in various areas… all of which I think would be decent investments, if purchased at the right price of course.
By clicking on the address of these properties you will open up a “pro-forma” cash flow analysis in PDF format. I have some videos as well
Let’s start with a Short Sale first.
2325 Irma Way, Sacramento, Ca 95825 – Listed at $160,000 – Nice area of duplexes – According to the listing agent they will consider a new roof credit at full price. I have a flyer here with some pictures of the interior because I couldn’t get in to see the interiors. It was a nice quiet morning that I was over there and I think you’ll be impressed with the neighborhood. Here’s a video of the exterior. I was there at about 11 or so Saturday, October 1st.
Below are some Bank Owned/REO types of deals. These are a bit rough. I call them “beaters” – but they are more commonly known as “fixer uppers” – .
7576-78 Cook Avenue, Citrus Heights, Ca – Listed at $127,900 – This one needs a bit of work. The Cash Flow figures are based upon the price as if it were fixed up. I’m guessing it needs something around $20,000 to really do it right. But after you are done, you’ll have a real nice place and no problem leasing this up. Click Here for the Video Walk Through.
7214-16 Grady Drive, Citrus Heights, Ca – Listed at $136,900 – As in the above situation, the cash flow figures are based upon the price as if it were fixed up. I have told clients over the last couple of years that the average you’ll spend on one of these deals will be between $7,500 to $10,000 per side to get these in a really nice “rent ready’ condition. Click Here for the Video Walk Through
If these properties interest you, drop me a note or call me at any time.
In the mean time…?
Make it a great day…!
Ed Favinger, Broker, CRS, GRI, SFR 916-203-1260 favinger@rwnetwork.com
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