Two REO/Bank Owned Duplexes – Easy Cash Flow..!

With Lower Mortgage Rates, it’s almost a “no brain-er”

I was out and about looking at property the other day and spotted what I think are a couple of unique duplexes.   One of them is in a little higher end area of primarily single family homes on a private drive and the other is in more of what I call a “bread and butter” neighborhood.

The one thing they have in common is that they both are situated on “corner lots“.

7720-7722 Sunset Avenue in Fair Oaks is the 1st one.   This one sports 3 bedrooms 2.5 baths on each side with 2 car garages.   Priced at $281,000 this one will pencil out nicely and doesn’t need much to get it in a “rent ready” condition.   This one just came on the market last week.

Click here for the Cash Flow Figures.     For a video walk through, click here

7444 Robmar Court in Citrus Heights is the 2nd one and is in more of a “rental” neighborhood.  While the neighborhood does have some single family homes nearby,  you do think “rental neighborhood” when you drive through the area to get to this property.

As you will see in the video it’s not in really bad condition and it wouldn’t take much to get this one to shine.  Pay attention in the video to the “mistletoe” that has taken over the large tree in the front.  I think trees are a valuable asset and if you find a tree in this condition, get rid of the mistletoe and you’ll save the tree.

Click here for the Cash Flow Figures.    For the video walk through, click here.

If you haven’t gotten the memo, Mortgage Interest rates are in the high 4% to low 5% for 1-4 Unit  Investment Properties.

With rates this low I guess the phrase “no brain-er” comes to mind.

Make it a great day…!!!

Ed Favinger, Broker CRS, GRI, SFR       916-203-1260

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