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All Forum Posts by: Naren Chainani

Naren Chainani has started 1 posts and replied 1 times.

Starting Out

Post: First investment home - possible deal

Naren ChainaniPosted
  • New to Real Estate
  • San Leandro, CA
  • Posts 1
  • Votes 0

This is in the Hayward-San Leandro area.

This home is listed for $1.2m.  It is a 4 bd, 2.5 bath.  Comps in the area have been in that range including few that have gone as high as $1.5m in the last 2-8 months (obviously it was different time with lower interest rates etc).  

Our agents have been going back and forth and I might be able to get this home for $1.05m. I am contemplating now if it is worth pulling the trigger. 

If I buy and put it in rent, it will fetch me $3800 - $4250 / month in rent. It will be an appreciation play. I am mostly going to pass on it but would love to get some thoughts from this amazing community.

0 Votes
Oakland, California