ROI: 11% | Monthly Cash Flow: $325 | Examine the Cash Flow Breakdown
Beds: 3 Baths: 2 Sq Ft: 1772 Lot Sz: 0.140ac
8803 Ravenwood Dr, Stockton Ca 95209: Another Stonewood community delight! This 3 bedroom 2 bath home is a nicely maintained 1772 sq ft. The short sale property has been updated by the current owner. Since 2004 it has seen new granite counters in the kitchen and master bath, crown molding, and a new heater. The interior and exterior paint look good and the carpets should clean up nicely, leaving you little out of pocket cost for this home. However, it may need a rear fence in the near future.*
A desirable Lodi School District area, this home has a rental range of $1250-$1300. If rented at $1250, monthly positive cash flow is an attractive $325 a month!
** By the way, if you take an extra $100 of that positive cash flow and apply it to your mortgage each month, you would pay off the home in 21 years in stead of 30!
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* I always recommend you hire a professional home inspector to determine the exact condition of the home to get a better idea of any costs for repairs that may be needed.