Welcome to the Saturday ‘Steal of the Week’! I’ll find one great home, which I think is a good bargain each week, and share it with you. So what makes these homes such a steal?
A few factors could contribute to it’s selection:
- Its price realative to the homes sold around it
- Its potential cash flow, if rented
- Its potential for quicker appreciation
- Its price relative to its quality and condition
This weeks, Saturday Steal of the week, is a home found in Stockton.
1304 Chelsea Way $109,900
1304 Chelsea Way, Stockton, Ca 95209: This 3 bed 2 bath bank owned home is located in North Stockton in a nice established Neighborhood. Found in Lodi Unified School District, this home has all new paint and carpet and is 1551 sq ft. A newer roof and easy to maintain yard make it this weeks pick.
This would be a great home for a first time home buyer or investor. I estimated this home to rent between $1150-$1200. The cash flow is particulary good with 23% return on investent. See the Cash flow here —-> Chelsea Cash Flow <——–
What are your thoughts? Leave your comments below.
Listing and pics courtesy of Century 21 M& M and Assoc.
