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3531 Hartvickson Lane
Single Family Cash-flow positiveWithin your budget

3531 Hartvickson Lane

3531 Hartvickson Lane, Valley Springs, CA

3 beds 2 baths 1,815 sqft

Bring the vision. The opportunity is already here. Set on approximately half an acre in Valley Springs, this 3-bedroom, 2-bath manufactured home offers serious potential for the buyer ready to take on a substantial renovation. This is a true fixer, not a cosmetic project, and the condition is reflected in the pricing. The generous footprint provides plenty to work with, while the approximately half-acre parcel adds outdoor space, privacy and possibilities that are difficult to find at this price point. For a contractor, investor or renovation-minded buyer, it's an opportunity to reimagine an existing home and create value through improvement. Located in the Sierra foothills with convenient access to Valley Springs amenities and recreation around New Hogan Lake, the property offers the ingredients a remodel can't create: space, land and location. Property is being sold as-is and requires significant repairs. Cash or renovation financing may be appropriate. Buyer to independently investigate property condition, permits, foundation, manufactured-home information, square footage, bedroom/bath count, utilities, all other aspects of the property to buyer's satisfaction.

List price

$149,000

Est. monthly rent

$2,200

DSCR2.03×

Lender minimum: 1.25×

Monthly cash flow

$805

Cash-on-cash return

21.62%

Down payment (25%)$37,250
Closing costs (5%)$7,450
Total cash needed$44,700
Loan amount (75%)$111,750
Monthly mortgage (7.50%, 30yr)$781
Annual property taxes$1,863
Insurance, vacancy, mgmt.$5,497
Net operating income (yr)$19,040
Gross yield17.72%

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