Prices Are Up But So Are Rents…!
If you have been following the Real Estate market when it comes to Duplexes you may have noticed the prices to get into one are up from just a year ago.
Available Sacramento Duplexes for sale in decent areas are scarce. Furthermore what is out there now for sale do not seem to be in the best of condition with some deferred maintenance on many of them.
I think those owners just want out of the business and now is a good time.
I’ve profiled a few duplexes here that I think will make decent Cash Flow Investments especially if you keep in mind that real estate has always been a long-term situation.
The following 1st two profiles are on Salmon Falls Drive. We manage a Duplex with the exact configuration located at 9074-9076 Salmon Falls Drive which is next door and across the street from these two… so we know this area.
You will notice when you see the cash flow figures I have two projections, one at the current rents and one at market.
I think many a Seller make the mistake of keeping rents low to avoid vacancies, but when they got to sell, it’s up to the Buyer and new owner to increase the rents.
9070-9072 Salmon Falls Drive, Sacramento – Listed at $365,000 – 3 bedrooms 2 bath units on each side. CLICK HERE for a Pro-forma Cash Flow analysis.
9075-9077 Salmon Falls Drive, Sacramento – Listed at $354,900 – 3 bedrooms 2 bath units on each side. CLICK HERE for a Pro-forma Cash Flow analysis.
Below is a short video tour of the neighborhood where I show you what it looks like. We manage 3 more Duplexes on the cross street of Tuolumne with recent “move-ins” at $1,400 per month.
Now…. After seeing the above numbers if you are from the Bay Area, you should easily see how good an investment Sacramento Duplexes are.
Of course you have to have the right Property Management and we do that as well.
Call or Text me, Ed Favinger at 916-203-1260 or send me an email at firstname.lastname@example.org and we’ll help you find the right investment for you.
In the Mean Time…?
Make it a Great Day…!
Ed Favinger Broker, CRS, GRI, SFR, CDPE