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18102 Old River Rd
Single Family Cash-flow positiveWithin your budget

18102 Old River Rd

18102 Old River Rd, Fiddletown, CA

2 beds 2 baths 1,056 sqft

WOW! Almost 10 acres of private land off the grid with running streams! Incredible property with rolling southern facing hills and beautiful views. Drive thru the little town of Fiddletown and you will feel like you are going back in time. Stop at the local store and talk to some of the neighbors a few miles out. Keep an eye out for the incredible wineries and the views right and left will make you feel like you have gone out of Cali! It is breathtaking! The home has recently had some updates but the last tenant left a huge mess, hence the remarkable 'opportunity' price tag. This is a once in a lifetime opportunity to build and make money living off the grid or make this place your forever home. Perfect for contractor or investors or young couple with great energy to make this home beautiful again!

List price

$99,000

Est. monthly rent

$1,900

DSCR2.72×

Lender minimum: 1.25×

Monthly cash flow

$894

Cash-on-cash return

36.14%

Down payment (25%)$24,750
Closing costs (5%)$4,950
Total cash needed$29,700
Loan amount (75%)$74,250
Monthly mortgage (7.50%, 30yr)$519
Annual property taxes$1,238
Insurance, vacancy, mgmt.$4,599
Net operating income (yr)$16,963
Gross yield23.03%

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