10.6% Cap Rate Investment Property - 8508 Cortina Circle, Roseville, CA 95678 (MLS #10058757 and #40478916)
$200,000.00 - purchase price
$40,000.00 - 20% downpayment (non-owner occupied, 720 FICO)
$160,000.00 - loan amount
$1,650.00 - market rent
($895.95) - principal & interest (30-yr fixed fully amortized @ 5.375%)
($251.21) - property taxes
($70.00) - insurance
($80.00) - HOA
($0.00) - free property management for the 1st year (offered by Souza Realty)
($1,297.16) - monthly expenses
$352.84 - monthly cash flow
$4,234.08 - annual cash flow
10.6% cap rate
8508 Cortina Circle, Roseville, CA 95678 - $200,000
2 bedrooms + loft / 3rd bedroom, 2.5 baths, 2-car attached garage, 1271 sq. ft. built in 2004
New 20" faux travertine tile, new paint, large freshly landscaped backyard, 1-story rear neighbors
Strada (2005 BIA Community of the Year), neighborhood park, covered picnic tables, BBQ area
For more information, please visit - http://cortinacircle.needstosell.com
BOB & LEILANI SOUZA
Real Estate Investment Specialists
Southwest Placer County, CA
Bob Souza - 925.513.3400 - bob@souzarealty.com
Leilani Souza - 916.408.5500 - leilani@souzarealty.com
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Leilani,
These cap rates are remarkable. Just 3 years ago a 7% cap was considered great and it wouldn't present the pride of ownership that this does.
Good speed with your sale,
Steve
I agree, Steve...a 10.6% cap rate on residential investments is remarkable, especially on newer homes like this one in excellent locations that typically have little to no vacancy factor! Thanks for stopping by and commenting! :)
Leilani