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Updated over 9 years ago on . Most recent reply

Gordon Cuffe's profile image
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Gordon Cuffe
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  • from Roseville, CA
  • Member since Nov 23, 2009
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Gordon Cuffe's profile image
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Gordon Cuffe
  • Investor
  • from Roseville, CA
  • Member since Nov 23, 2009
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Gordon Cuffe
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  • Roseville, CA
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Could make a good rental in Sacramento county

Gordon Cuffe
  • Investor
  • Roseville, CA
Posted

At a 160k purchase price an investor would need to put down 32k. The payments for piti are around $900.0 per month. A 3br home in Citrus Heights can be rented for $1200.0 per month. At least you get some positive cash flow for this home. There are only 8 homes under 200k in the 95621,95610 zip codes. There is not enough equity to do a fix n flip. It doesn't really need any work to make it a rental.

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