The new year is here and although we saw price appreciation in the Stockton housing market in 2012, we are still finding real estate investment opportunities in Stockton. ?I have been asked about a dozen times since the new year how the Stockton housing market is for investing. ?I get comments like ?did I miss it? or ?am I too late?? ?I respond by telling them, there was small increase in housing prices last year, so positive cash flow was reduced compared to the opportunities of previous years, but there are still good investment opportunities out here.
We cannot look back, it doesn?t do use any good to think about the opportunities that we could have had or ones we missed. ?All we can do is look at today, and the opportunities that are available NOW! ?With that said, take a look at this weeks ?STEAL OF THE WEEK.?
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$134,900 1209 W. Ponce De Leon
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ROI 10% ?| ?Cash Flow $270 ?|?See my Property Cash Flow Analysis
1209 W Ponce De Leon Ave, Stockton, CA 95209:?This 3 bedroom 2 bath Stockton REO (real estate owned) is found in the Stonewood neighborhood. ?It?s a well established community built in the mid -1980?s and features a community pool for those hot summer days. ?The area is desirable as it is in a good school district, Lodi Unified, and is for the most part a very safe community.
This home has recently been cleanup and painted inside by the bank. ?It does however still need some improvements to the bathrooms and some repairs to flooring. ?The tile roof should still be in good shape for quite some time. ?Cash flow on this Stockton investment property will be about $270/ month after a 20% down payment making it out to return about 10% on your investment. ?Still more than you can get in the bank.
Feel free to contact me about this home or other potential stockton investment properties.
David
Source: http://mckeeverrealestate.com/saturday-steal-of-the-week-01-1-2013/
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