HUD Homes for Sale - North State - Redding CA - First Time Investor Opportunity!

By
Real Estate Agent with Real Living Real Estate Professionals

First Time Buyer - Investor Opportunity - Redding CA--It's hard to find properties that provide the Cash Flow to pencil as a good investment. When they do, they don't last long. This property pencils. See the Calculation.

First Time Buyer - Investor Opportunity - Redding CA-this 3 bedroom, 1.5 bath home with a 2 car garage is a good opportunity for First Time Home Buyers. Located in a good location with 1,244 square feet of living space. Three bedroom upstairs with a full bath and a half bath downstairs. Open living area makes for a great floor plan.

Located in Starview, this 3 bedroom, 1.5 bath home with a 2 car garage is a good opportunity for first time home buyers.

Nice back yard that is big enough for a garden, pool or workshop.

Integrated Kitchen, Dining and Living Area.

Dining Area and Kitchen.

Living Area.

First Time Buyer - Investor Opportunity - Redding C--Located in the Starview Community, this 3 bedroom, 1.5 Bath home has a good size back yard and a 2 car garage. Perfect for first time home buyers or for investors.

Sold "AS IS".

Case# 043-766276

MLS #11-3382

Listed at $97,000

Note*: Please call for current price and availability!

Listed by Jeanean Gendron, Local Listing Agent for Pemco, LTD Asset Manager

Sold "AS IS" by Electronic Bid Only

Call Jeanean Gendron to View This Property or to learn more about HUD Homes

866 441-0078

This is a HUD Property.

Visit the HUD website to learn more about HUD Resources.

View all HUD Listings.

California Department of Housing and Community Development

Brought to you by HUD-PEMCO.

Pemco Logo

Visit the HUD-PEMCO website for more information and resources.

REal Living Real Estate Professionals

Real Living Real Estate Professionals and Jeanean Gendron

866 441-0078

Local Listing Broker for HUD-PEMCO for Shasta County, California

We are here to help you in all your real estate needs!

Disclaimer Note: These numbers are based on Fidelity Title's Escrow and Title Fees. They are deemed to be correct but not guaranteed. The Investor Calculations are from the CIAS Designation tools for Investors.

Redding Real Estate Investing - Jeanean Gendron

Investor Calculations:

Purchase Price: $95,000

Down 25%: $23,750 + $2,881 in Closing Costs + $5000 Repairs

PI = $382

I = $27

T = $98

PITI + $509

Gross Operating Income (GOI) = $1045.00 with a vacancy rate of 5%.

Net Operating Income (NOI) = $720

Capitization Rate (CAP Rate) = 9.09% or .0909

Debt Service Ratio (DSR) = 1.41 (should be greater than 1.2

Cash Flow = Monthly $536, Yearly $6432.00

Cash-on-Cash Return (CCR) = 20.3%

It definitely PENCILS!

Posted by

My name is Angelo Passidakis.

You can reach me at 530 604-2005 or 530 722-0458.

I am here to help you.

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