I’m seeing a little bit of greed set in with these stats… More below
One of the things I’ve noticed in a rising market and a market where buyers are king, is the consistent failure of a lot of these Investors going out of the business because they hate maintenance issues and dealing with the tenants. It doesn’t matter if the market is tight like it is now with low inventory or flooded with Sellers trying to get out.
I’m going to profile a local investor in the next few days and show you not only how much he’s improved his potential cash flow because of the care and maintenance of his properties, he’s been a factor in improving the surrounding neighborhoods as well.
You’ll come away with the realization that maintaining a quality rental will get you the best tenants paying the absolute highest in market rents no matter if you’re in a rising or stagnant market.
The Stats… However, I know the purpose of this post was to show you some statistics for 3 zip codes we’ve had a lot of experience not only in the sales side, but also in managing the rentals there as well.
These “stats” are Duplexes only for those zip codes, 95670, 95826, 95827. While I’ve been involved in the greater Sacramento Region in sales of income properties, I kind of like this area because it’s along the Highway 50 corridor.
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| Following Data is from November 1, 2015 to Date, April 20, 2016 | ||||
| For Zip Codes – 95826, 95827 & 95670 | ||||
| Closed Sales Data – 9 Sales | Closed Sales Data – 12 Sales | |||
| in Zip Codes 95826 & 95827 | in Zip Code 95670 | |||
| Average Price | $302,201 | Average Price | $260,092 | |
| Highest | $350,000 | Highest | $286,000 | |
| Lowest | $259,008 | Lowest | $198,000 | |
| Median | $293,000 | Median | $270,000 | |
| Active On the Market Now – 4 | Pending Sales – 5 | |||
| In all 3 zips -95826, 95827 & 95670 | 95826, 95827 & 95670 | |||
| Avg List Price | $305,000 | Avg. List Price | $308,450 | |
| Highest | $329,900 | Highest | $350,000 | |
| Lowest | $274,990 | Lowest | $269,900 | |
| Median | $305,000 | Median | $303,000 | |
BOTTOM LINE… As you can see there’s not much available Inventory…
So if you are thinking of Selling a Duplex in one of these or any other zip codes/areas of the Sacramento Region, call me.
If you are not happy with your cash flow give us a call because we are the “turn around specialist” for small rental properties in the area.
In the Mean Time…?
Make it a Great Day…!
ED FAVINGER, 916-203-1260 favinger@rwnetwork.com
