So you have some extra cash sitting in the bank and the 1% yield just isn't making the cut? If you are first time investor or a seasoned pro, we can help you from start to finish to get some positive cash flow going. We have resources for loan financing, property inspection, contractors to rehab, and the # 1 property managment team. We share the same goal because we also want long term appreciation in value along with positive cash flow.
Rental ranges depend on a number of factors including bedroom / bath count and area. We teamed up with Real Property Management, the # 1 property management company in Solano, Yolo & Napa counties. Once you find a property you are interested in, we can contact them and they will let us know how much rent to expect.
Basic calculaton for returns. Monthly Rental x 12 / purchase price. Say a 3 Bedroom home in Fairfield is going to run you $130,000 + another $5,000 in rehab work to make the purchase price $135,000 and it can rent for around $1,200/mo. Take $1,200 x 12 = $14,400 / $135,000 = 10.6% gross. Now you will still have to account for expenses. A lot of people take 70% of the gross rent for their calculation, but there are a few sites out there to help you with return.
Take a look at some of the properties below. Some properties will need tons of work, while some will only need minor things like new paint and carpet. Some properties will require cash only, and some lenders are okay with finance. Some condos are great investments to get started. The bad part of condos is they have HOA fees ranging between $150-$400 /month that can eat up into cash flow, but at the same time you don't need to worry about exterior work & roof.
The main goal is the find the least expensive property and produce the highest amount of rent while at the same time have the best chance of long term appreciation in value. Bottom line, we can help you find any investment property in the Bay Area. If you want more information, click here to contact us.