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Avtandil G.
  • Rental Property Investor
  • san jose, ca
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74
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Anatomy of a deal - first rental in Sacramento

Avtandil G.
  • Rental Property Investor
  • san jose, ca
Posted Nov 7 2017, 13:42

Closed on my first rental SFR in Sacramento area (3/2/2 fixer upper in Folsom)

Purchase price: 350k 

Seller credits: 20k

Down: 130k

Renovations: 40K

Loan: 200K @ 2.625%

Just assessed @ 440k. Putting it for rent @ $2,100/mo - 8% CoC post all expenses / reserves

i think i'm done with SFRs in this area - will be looking for 4-plex next

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