7514 Coral Ln $120,000
7514 Coral Ln Stockton, Ca 95207:
Potential Cash Flow: $462 Month ROI: 17% See the Cash Flow Breakdown
When looking at real estate investment properties opportunities in Stockton, I often look for 3 things. One is obviously location. The better the location, the better quality tenants you attract. The better the school district is the more likely the tenants will want to stay longer term. Quite obvious, doesn’t it seem? Thus, having less turn over and longer term tenants. Second is price. The better the price the better the monthly cash flow on your real estate investment. Thirdly, is potential projected rents. Buying in a neighborhood that is higher in demand should provide higher projected rents that are stable, if not increase over time.
This home seems to qualify for all three. It is in a very nice establish neighborhood in the best school district in Stockton, Lincoln Unified. It will attract good tenants and therefore bring higher rents.
This home would rent for $1250 – $1350. It’s a 4 bed 2 bath home and has about 1640 square feet. It has a good size lot of .180. A good home in a good neighborhood. I am a firm believer in creating positive cash flow as a means a great financial retirement. However, I see this home as one that would appreciate in the near future as well if you decide to sell sooner rather than later.
FYI, This home is a short sale and their will be a delay in the closing as short sales can often times take 1-6 months to get bank approval.
Find other great Stockton homes for sale using my spam free, radically updated search tool!
Listing provided by Powerhouse Realty.
]]>It was another volatile year for Stockton and the Central Valley real estate markets. In the year 2010, no homes sold for over $1 million. In 2011, there were 6 homes which sell over the 1 million mark and one at $950K.
Top 10 by the Numbers:
• 6 of the 10 were in Brookside
• 3 of the 10 were in the Morada Area
• 6 of the sold homes were paid for in CASH
• $1,038,132 Avg. sales price
• 117 was the Average Days on Market (DOM)
• $220 was the Avg. price per square foot
Hear are the Top 10 Most expensive sold homes in Stockton for the year 2011!
Missed the past years most expensive homes? Check those out below!
]]>
This has been a historic time for interest rates. They have been below 5% all but two weeks this year. With that said, it could also be the worst for home sales in the past 14 years. The low rates have been unable to generate higher home sales. New home sales appear to be headed to their worst year in half a century as well.
High unemployment and lack of wage increases have made it hard for many to qualify to be able to buy or refinance. For those can qualify, it is a prime opportunity to invest in and income producing property or move-up into a home you have always wanted.
If you are thinking of purchasing a home in the next six months, or you still have more questions regarding if it is the right time for you to buy a home, CONTACT McKeever Real Estate today. We would be glad to assist with any of your questions. And, we would even like to apply for the job as your Realtor!
Thank you,
David McKeever
The super creepy (not really) video below shows 11 Creepy Real Estate photos that were used in MLS listings. Go figure. Makes you wonder why anyone would use these photos…
11 Creepy Real Estate Photos from David Mckeever on Vimeo.
None of these photos were of Stockton Homes, however if I look hard enough i’m sure I could find some, if not many that would make the list.
227 E. Pearl Ave $85,000
227 E. Pearl Ave, Stockton, Ca 95207:
Potential Cash Flow: $459/month | ROI: 25%
[ See the Cash Flow Analysis ]
This would be a great investment or first time home buyer. The 3 bed 2 bath home is 1424 sq ft which makes the price per sq foot at just $60. The master bedroom has it’s own bath and office area. It has been upgraded with new windows and hardwood floors. As you can see it has great curb appeal and the back doesn’t disappoint either.
As a rental, this home would rent for $1,100 – $1200 a month. This home is a Stockton short sale so you will have to wait some time before cashing in on this one. The wait would be worth it because if rented at $1150 a month the estimated positive monthly cash flow would be $459! That’s after paying property management, taxes, insurance and the loan. Not to bad.
[ See the past Steal's of the Week ]
Would you like to do your own analysis on potential investments? I would be happy to send my spreadsheet to you. Send me an email at mckeeverrealestate@gmail.com.
pictures and listing info provided by homes-in-Norcal.com, inc
]]>See the top 3 most expensive sold homes in August 2011.
Find more specific data for your Stockton Neighborhood.
The combined of days on market (CDOM) has increased to 82 days. This number represents how long it is taking for a home to sale. In the early summer months, this number fell possibly due to the seasonal buying.
The Sold/list percentage maintained its level of about 99%. This number states that most homes are selling for 99% of the value at which they are listed for sale.
If you have any questions on this data or any other real estate related question, please don’t be hesitant to ask. you can email me at mckeeverrealestate@gmail.com
]]>Most Expensive Home #1: At $680,000 this Brookside Country Club home sits on the Brookside Golf Course and is a custom 3174 Sq. ft. It is a single story home with 4 bedroom 3 baths and a sparkling pool overlooking the golf course.
Most Expensive Home #2: Hoping over the Delta to the Country Club community, this large home on 1 acre sold for $562,000! It had 3 beds 2 bath with plush landscaping, a pool and a great sense of privacy.
Most Expensive Home #3: Selling for $525,000, this home on 5 acres can be found on the far reaches of Stockton’s East boundary. The Stockton home has 4 beds 3 baths with pool and additional warehouse space.
]]>
14 W. Mayfair Way $121,000
14 W. Mayfair Way, Stockton, Ca 95207:
Potential Cash Flow: $374 ROI: 17% See the Cash Flow Breakdown
This is a great house in a good location. If you have ever driven in this area west of El Dorado St, it’s a cute little neighborhood where most homes show pride of ownership. From an investment point of view it makes sense. This home is 4 bed and 2 baths and would rent for about $1200-$1300 a month. On a purchase price of $121,000, the cash flow would be pretty good; $374 a month.
The bank has approved this Stockton short sale at this price. In addition, the short sale lender has included 3% of the purchase price towards closing costs!! However, on a non-owner occupied loan, most lenders only allow a 2% credit towards closing costs. Either way, it’s free money. This short sale is back on the market as the previous buyer is not longer in the picture, making this a great opportunity for you.
Find other great Stockton homes for sale using my spam free, radically update search tool!
Listing info & picture by Integrity real estate.
]]>
10212 Lanier Ln $149,900
10212 Lanier Ln, Stockton, Ca 95219:
Potential Monthly Cash Flow: $360 | ROI 13% – Click for the Cash Flow breakdown
This North West Stockton home is just 8 years old and has 3 bedrooms 2 full bathrooms. The modern home is a full 1850 sq ft. What I like about this home is the amount of potential tenants from whom to choose from is large. This is the All-American style and size of home is one that many families look for. With a monthly positive return of up to $360, it’s a great steal.
The home has some upside appreciation potential as well. It is in a great community in Spanos West where home prices have been beaten up over the last few years. As a great longer term rental, this Spanos west home for sale will see appreciation due to it’s location and it being in the Lodi school district.
Already on the market for 70 days, there may be a little wiggle room in the price as well!
 |  |
|---|---|
 |  |
Listing info provided by Integrity Realty.
]]>