Updated over 9 years ago on . Most recent reply
Cash flow deal in Vallejo
I've been looking at this victorian on Loopnet, and to my admittedly untrained eye, it seems like it would bring in some cash flow/break even on three of the units, so I could live for free in the fourth. On an FHA loan, I could put 21k down, and the payment would be $2643 a month. The rents are $4600 a month, minus $1000 for the one I would live in. Any thoughts on this deal? I know Vallejo is a little sketchy, but I grew up in the area, and it seems to be getting better than when I lived near there. Any thoughts on this deal?