Making an offer on Hubzu

[Hugo Luna]

Hi BP! I'm looking for some insight on The Iron Works Community in Sacramento - I'm interested in buying a rental unit. Listings for a 2 bedroom / 2.5 bath (1,320 SF) have been coming up on the MLS at a range of $390K-$410K. HOA dues are $100/month. With such close proximity to downtown and the new stadium, I anticipate appreciation. Does anyone have a solid idea of potential rent on these units? How about Airbnb?

[Pratik P.]

@Hugo Luna

In my opinion, I wouldn't bother with an SFR rental at 390-410k. Unless your down payment is huge, you're not likely to cash flow after all expenses and debt service. Why not look for some multi-family properties in the citrus heights/fair oaks/arden area?

You could type in the address at rentometer.com, they're fairly accurate with rental rates.