Description
INVESTMENT OPPORTUNITY! 2 HOUSES with 2 separate and private entries, 2 separate and private back yards, 2 separate addresses and separate utilities. Situated in a quiet cul-de-sac neighborhood. First house has 1,445 sqft and worth $1,000,000 Second house has 1,200 sqft and worth $850,000. To be sold together at a discounted price of $1,700,000 First house is tastefully remodeled and has a nice size of backyard with exotic fruit trees and new studio. The Second house is newly built. It has a modern interior, fantastic view from the second floor and is rented for $3,100 a month. Owner financing is available with 50% down. If you live in one house and rent the other one your house payments will be about $3,500. If you rent out both houses you will have around $90,000 annual income. That's a Cap rate of 5% . Plus real estate property appreciation of average 6% a year. In 10 years it will amount to 1.3M. This is very good INVESTMENT OPPORTUNITY. DON'T MISS IT.
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5BEDS
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0.16ACRES
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3BATHS
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11/2 BATHS
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2,599SQFT
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$654$/SQFT
Description
INVESTMENT OPPORTUNITY! 2 HOUSES with 2 separate and private entries, 2 separate and private back yards, 2 separate addresses and separate utilities. Situated in a quiet cul-de-sac neighborhood. First house has 1,445 sqft and worth $1,000,000 Second house has 1,200 sqft and worth $850,000. To be sold together at a discounted price of $1,700,000 First house is tastefully remodeled and has a nice size of backyard with exotic fruit trees and new studio. The Second house is newly built. It has a modern interior, fantastic view from the second floor and is rented for $3,100 a month. Owner financing is available with 50% down. If you live in one house and rent the other one your house payments will be about $3,500. If you rent out both houses you will have around $90,000 annual income. That's a Cap rate of 5% . Plus real estate property appreciation of average 6% a year. In 10 years it will amount to 1.3M. This is very good INVESTMENT OPPORTUNITY. DON'T MISS IT.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-14T20:41:23.163. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Corcoran Global Living. Licensed in the State of California, USA.