Saturday Steal of the Week: 09-17-2011

Posted on September 17, 2011 by

 

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

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Slow Down – Life’s Great

Posted on September 16, 2011 by

It’s Friday. I guess that doesn’t matter but I wanted to take a moment to slow down and reflect upon the great things in life. Here is a great clip that helped me appreciate what I have and cherish the great times we are living in now. I hope you find it to be true as well. Have a great weekend!

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Stockton Real Estate Market Update – Aug 2011

Posted on September 14, 2011 by

The Stockton real estate numbers are in and they show home buying activity has increased.   There were 392 homes in Stockton sold last month.  Compared to 364 sold homes 1 year ago.  That’s a 7% increase in sold homes in the month of August 2011 vs. Aug 2010.  It is also a slight increase versus the 3 previous months.  What’s the cause for this uptick in buying?  Leave your comments below..

See the top 3 most expensive sold homes in August 2011.

Find more specific data for your Stockton Neighborhood.

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Top 3 Most Expensive Sold Home in Stockton – Aug 2011

Posted on September 8, 2011 by

A look for the most expensive sold homes in Stockton for the month of August 2011 took us to the far reaches of the city limits.  The top 3 sold homes were found in three different neighborhoods, take a look.

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Saturday Steal of the Week: 09-03-2011

Posted on September 2, 2011 by

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. Continue reading →

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Saturday Steal of the Week: 08-27-2011

Posted on August 27, 2011 by

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. Continue reading →

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Top 3 Most Expensive Sold Homes – July 2011

Posted on August 23, 2011 by

WOW, July 2011 was certainly a change of pace from the past months.  The most expensive sold home in Stockton was $410,000! That’s right $410,000 (Watch the video below to see the home). Just a few short years ago, that amount seemed to be the average sold price in Stockton.  How times have changed.

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“Stockton Homes are undervalued” Zillow.com

Posted on August 17, 2011 by

Home prices in 42 U.S. metropolitan areas including Las Vegas and Stockton are undervalued compared with historical average prices, according real estate website Zillow.com. In areas such as Los Angeles, New York and San Francisco, though, prices are at a premium compared with historical averages, the website says.

Currently, based on zillow.com ratio, Stockton home prices are -19% under the price to income Historic average which makes it undervalued. (see chart below)

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Saturday Steal of the Week: 08-13-2011

Posted on August 13, 2011 by

9431 Stanfield Ct - $109,900

9431 Stanfield Court, Stockton Ca 95209:

A great North Stockton find, this home is 1674 Sq ft, and had 3 bedrooms and 2 bath. It sits on a quite court with about 12 other homes.  Not much traffic on this street! The price per sq ft is $65, which is low for the area.

Consider 9436 Stanfield Ct, which is just across the street, sold for $147,500 on August 5th, 2011. Granted, it was in better condition, but this home is not in bad shape by any means.  Nothing a paint brush and a good cleaning can fix.  Another plus is it is a part of Lodi Unified School District.  This home is a short sale, but is close to being approved by the bank. Continue reading →

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Stockton Foreclosure Filings jump 57% in July 2011

Posted on August 11, 2011 by

Today, the Stockton Record annouced that July 2011 foreclosures jumped 57% more than the previous month.  The July-over-June increase was the largest for Stockton since a 64 percent jump in August 2008 compared with the previous month, said Daren Blomquist, a spokesman for Irvine-based RealtyTrac.

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