12.8% Cap Rate Investment Property - 8508 Cortina Circle, Roseville, CA 95678 (MLS #10058757 and #40494238)
$190,000.00 - purchase price
$38,000.00 - 20% downpayment (non-owner occupied, 720 FICO)
$152,000.00 - loan amount
$1,650.00 - market rent
($851.16) - principal & interest (30-yr fixed fully amortized @ 5.375%)
($242.87) - property taxes
($70.00) - insurance
($80.00) - HOA
($0.00) - free property management for the 1st year (offered by Souza Realty)
($1,244.03) - monthly expenses
$405.97 - monthly cash flow
$4,871.64 - annual cash flow
12.8% cap rate
2 Bedrooms Plus A Loft
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Bob & Leilani Souza |
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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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Looks like a great listing! Best wishes for a quick sale..
Leilani,
this is a great home for the price ! :) Hope that you sell it as soon as possible, keep the good work and I'm looking to read more of your great real estate information !
Bob and Leilani - It has only been a very few years ago, that finding anything in Roseville at such a great price would have been unthinkable. This home appears to be a wonderful opportunity!
Leilani, very nice price and investment. Hope you sell it quickly.
What a great way to lay out all of the financial information! At a glance this will give your investors so much information.
Leilani,
These Cap Rates were unheard of just a few years ago. Remarkable investment opportunity indeed.
Good Speed,
Steve
Oh, geez, I can't beleive those cap rates - that' a good one and I hope someone grabs up this gem.
Mike & Cindy, thanks for stopping by and commenting! :)
Leilani
Ray, I hope this home sells quickly, too...it's a great, low-maintenance investment property in a terrific location. With a 12.8% cap rate, investors should be interested in taking a look at it! :)
Leilani
I agree, Myrl...and this Roseville home is located near the Rocklin border, which makes it even more desirable than on the other side of town, near Citrus Heights. Thanks for stopping by! :)
Leilani
Rebecca, thank you and I hope so, too! :)
Leilani
Thank you, Nina! I think having all of the financials for this property displayed at-a-glance will help any investor looking to buy a single-family rental in the Roseville area...and hopefully this one! :)
Leilani
Steve, I agree...the market has changed so much in the last few years that even homes that were bought as foreclosures back then have already been foreclosed a second time. :)
Leilani
I hope so too, Juli! These cap rates are really wonderful for California single-family homes, which may be the reason why many buyers in this price range are investors. :)
Leilani
Beautiful listing... good luck.
Thanks, Own Realty Group...this listing sold last year, but thanks for stopping by to comment! :)
Leilani