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Updated over 8 years ago,

User Stats

40
Posts
19
Votes
Max McNally
  • Investor
  • San Jose, CA
19
Votes |
40
Posts

Cash flow deal in Vallejo

Max McNally
  • Investor
  • San Jose, CA
Posted

I've been looking at this victorian on Loopnet, and to my admittedly untrained eye, it seems like it would bring in some cash flow/break even on three of the units, so I could live for free in the fourth. On an FHA loan, I could put 21k down, and the payment would be $2643 a month. The rents are $4600 a month, minus $1000 for the one I would live in. Any thoughts on this deal? I know Vallejo is a little sketchy, but I grew up in the area, and it seems to be getting better than when I lived near there. Any thoughts on this deal?

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