Anatomy of a deal - first rental in Sacramento
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