patrick.net

Probably would work, but you should go talk to the neighbors around it and just ask them what rents are for 3/2 houses there.

This price is little bit high. It has some room to fall further.

Hi,

Yes this is in the flood zone. I grew up in the area, and I remember being evacuated in the early 80s (i think 85').

Sacramento State is about a mile away, and is a straight shot from this house. I can see this as a great college rental unit, and $1k for a 3/2 is about right.

I agree with the above statement that the price could fall further. I wouldn't be surprised to see it fall into the $195-$205 range.

At 200k and $1k back in rent, I'm struggling to see why this wouldn't be a good opportunity?

The house provides:

Quick FWY access
Great location for the park (across the street)
Solid Neighborhood (no gangs or any of that)
Solid School System
Close to State School
Close to Bike Trails and River Access

I could very well be biased because I'm familiar with the area, but at $200k the economics work right?

Thanks

OnTheFence says

Hi,
Yes this is in the flood zone. I grew up in the area, and I remember being evacuated in the early 80s (i think 85′).
Sacramento State is about a mile away, and is a straight shot from this house. I can see this as a great college rental unit, and $1k for a 3/2 is about right.
I agree with the above statement that the price could fall further. I wouldn’t be surprised to see it fall into the $195-$205 range.
At 200k and $1k back in rent, I’m struggling to see why this wouldn’t be a good opportunity?
The house provides:
Quick FWY access

Great location for the park (across the street)

Solid Neighborhood (no gangs or any of that)

Solid School System

Close to State School

Close to Bike Trails and River Access
I could very well be biased because I’m familiar with the area, but at $200k the economics work right?
Thanks

If it's so great, why is the rents only 1K? In any case, I think the rent is a little underestimated as I see market rent around 1100-1300. Having said that, the yield is still not good enough for investment purpose in Sactown, I think you can easily find something in at least the 9% rent/price range and still within a good areas of Sac, elk grove or Rancho Cordova.