Two commercial REO deals in the Bay Area for sale:
Coming soon for sale in Hayward is a bank owned commercial 6,400 square
foot automotive facility. Well located on a major thoroughfare in
Hayward and on a hard corner. Clean building perfect for an investor or
owner occupant. Call for details prior to the property going on the
market. This is a great opportunity to buy a bank owned commercial
property in Hayward. Pricing in the $600,000 range.
Available now - San Jose single tenant restaurant building with good parking in the Rose Garden for sale. This is a good deal for an investor, as the tenant is in place and would most likely stay. The business has been in operation for over 30 years! Will be priced in the $475,000 range.
Call Mario Pinedo 415-269-6249 for details.
Monday, March 26, 2012
Friday, March 9, 2012
Home inventory way low in Silicon Valley
As of today - for the county:
1453 active detached homes
406 active condo/THs
477 sales detached homes
145 sales condo/THs
Very little to choose from even though we are fast approaching the Spring historical inventory peak.
1453 active detached homes
406 active condo/THs
477 sales detached homes
145 sales condo/THs
Very little to choose from even though we are fast approaching the Spring historical inventory peak.
Sunday, March 4, 2012
PUD Real Time Investment Numbers
The MPIRES group just ran an analysis on a PUD in the hot Santana Row rental area for an investor client. Here are the numbers, what do you think?
Purchase price $475,000 (short sale)
3 bedrooms, 2.5 baths, 1500 square feet, 2 car attached garage, $115 HOA dues.
The home is 8 year old and looks great.
Rent comp in complex achieved in November - same model - $2700 per month!
4% financing
$196,000 down payment
2.6% cash on cash return year 1
8.67% IRR per year average before tax on a 10 year hold.
6.96% IRR after tax on a 10 year hold.
Great, solid asset in a hot rental area. Our projection of sales price in year 10 is based on a same Cap Rate as the purchase price Cap Rate. We feel the market will have a lower Cap Rate in 10 years which will dramatically increase the rate of return.
We know other great short sales, REOs and well-priced equity sales throughout Silicon Valley for investors - call us today!
Purchase price $475,000 (short sale)
3 bedrooms, 2.5 baths, 1500 square feet, 2 car attached garage, $115 HOA dues.
The home is 8 year old and looks great.
Rent comp in complex achieved in November - same model - $2700 per month!
4% financing
$196,000 down payment
2.6% cash on cash return year 1
8.67% IRR per year average before tax on a 10 year hold.
6.96% IRR after tax on a 10 year hold.
Great, solid asset in a hot rental area. Our projection of sales price in year 10 is based on a same Cap Rate as the purchase price Cap Rate. We feel the market will have a lower Cap Rate in 10 years which will dramatically increase the rate of return.
We know other great short sales, REOs and well-priced equity sales throughout Silicon Valley for investors - call us today!
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