Foreclosure in Sacramento>Question Details

Brian, Other/Just Looking in Santa Clara, CA

86 fairbanks

Asked by Brian, Santa Clara, CA Thu Jan 29, 2009

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This question is about this property: http://www.trulia.com/homes/California/Sacramento/sold/24413…

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4
95838 is like that..

other cash cow zips for rental property investors today are 95815 and 95820. Gross rent multipliers under 70. Cap rates on Single Family res will range from 5 to 10 and higher depending on how far away the gunfire is.

Still fllowing cash but not gushering are 95660, 95841, 95842, 95833 and 95834.
Pay cash for a great return on investment or leverage with 25% down.
2 votes Thank Flag Link Thu Jan 29, 2009
Jim Walker, Real Estate Pro in Carmichael, CA
MVP'08
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Hi Brian--I'm not sure what your question is for this home. The sale date and price was answered already by themlshu.

At a sale price of $75,000 with minimal cosmetic work to be done on the home and an average monthly rent for a 4/2 in 95838 of $1,625 (probably closer to $1,200 for this area), this home has a pretty nice cash flow. Couple that with the tax incentives to investors, the purchaser of this home is happily skipping to the bank each month.
Web Reference: http://SoldByErin.net
1 vote Thank Flag Link Thu Jan 29, 2009
I know we're all sounding like broken records but why don't you sign up for a search on one of the agent's websites? Most agent sites source their data from the MLS, which has the most accurate, timely information on properties on the market. You can control the search, get all the details about a property at your fingertips, including data on neighborhoods etc. and we promise not to nag you!

:)

It's easiest to see values of homes in one neighborhood when you search using one of the agent's tools. Good luck Brian!
Web Reference: http://www.suearcher.com
1 vote Thank Flag Link Thu Jan 29, 2009
Hello Brian. This property sold as a bank owned property on 11/5/2008. The sale price was $75,000. Please let me know if you would like additional info regarding this property or similar properties that are currently on the market.
Web Reference: http://www.themlshub.com
1 vote Thank Flag Link Thu Jan 29, 2009
Ute Ferdig -…, Real Estate Pro in Newcastle, CA
MVP'08
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