Cash Flow Duplex Success In Napa Valley, California

[Jackson Carr]

Hey All,

I just wanted to share my success on a duplex I have in Napa.

I bought a duplex of two 2/1 units right next to downtown on a "for sale by owner." The front was remodeled already and I remodeled the back to match. I focused most of the money on a extravagant kitchen. The units are right next to the new Culinary Art Institute/ Oxbow market.  

Purchase Price was 640k and I put an extra 15k into the back unit.

Debt and Expenses with reserves come out to be about 3900/month and each unit rents for 2300. It cash flows at 700/Month.

In terms of equity, comps in the market are in the 740-770 range.

If you have any questions, or would like to see more. Feel free to ask.

- I am looking to expand and buy more multi family in the Napa, Sonoma, Santa Rosa, Fairfield, Vacaville, Sacramento, Reno, And Vallejo Markets.

Thanks,

Jack

[Ryan H]

Very nice job Jack. I have done something similar here in Sonoma and have found if you buy right you can cash flow pretty good even in this NorCal market.