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.
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".
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
This is a HUD Property.
Brought to you by HUD-PEMCO.
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.
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!