All Forum Posts by: Erica McFarland

Rough feel I would say property taxes are high. Tenant can pay water and garbage. Insurance, vacancy and cap ex is low. Highly recommend get a property managers opinion on rent. Alpha & Omega know Mansfield well.

Looks like it is sale pending 

You’ll definitely want to do your research and crunch your numbers. I mostly know and prefer Vacaville. Market is pretty high. Vacancy rate is extremely low so that is good. Will need to make sure you either don’t buy houses in a flood zone or seriously budget for it as it is way more expensive than homeowners or dwelling insurance and only going up. You may want to look at increasing the value of your property and make it more attractive to renters or owners by adding on a mother in suite. I don’t know what building costs would look though. 

Alpha &Omega can hook you up with any or all of the above. 

same here and ditto!

I love Vacaville to live in but not sure about investing here, right now anyway.  Older homes have doubled in value since 2011. Price/rent ratio is pretty bad and believe as Tobias does that appreciation will likely level out soon. You will want to check your flood zones cause flood insurance will eat you alive and is going up by at least 25% every year which kills your cash flow.  I believe you would definitely have to work to find deals and/or check out alternate properties like condos and mobile homes.  I'm not actively working numbers so you will likely want to check it out for yourself to see what your take is. 

Just my two cents but If you are only an hour out,  it would be a good idea to look at the units and the neighborhood. I'm from Vacaville and like any town there are good and bad parts of town. 

If this is the property that I can see on the MLS, it is in kind of a unique pocket. There is a hill right next to it with million dollar homes and then two more blocks down a LOT of lower income apartments. Fairly easy access to freeway which is a bonus but it is in a little bit older part of town.

Condos and apartments are all over the map in geography quality and rent so you will want to really check comparable properties for rent estimates. 

Good town to live in and closer fhan Sacramento for SF workers.   Train station currently being built which will give another alternative for commuting though not as close as freeway access. 

You will have to update is after you are able to research it more!