Cash Flow Duplex Success In Napa Valley, California
Hey All,
I just wanted to share my success on a duplex I have in Napa.
I bought a duplex of two 2/1 units right next to downtown on a "for sale by owner." The front was remodeled already and I remodeled the back to match. I focused most of the money on a extravagant kitchen. The units are right next to the new Culinary Art Institute/ Oxbow market.
Purchase Price was 640k and I put an extra 15k into the back unit.
Debt and Expenses with reserves come out to be about 3900/month and each unit rents for 2300. It cash flows at 700/Month.
In terms of equity, comps in the market are in the 740-770 range.
If you have any questions, or would like to see more. Feel free to ask.
- I am looking to expand and buy more multi family in the Napa, Sonoma, Santa Rosa, Fairfield, Vacaville, Sacramento, Reno, And Vallejo Markets.
Thanks,
Jack