Regulations prevent us from showing live opportunities here. These are not actual properties, but an example of our marketplace and its functionality. Sign up for free to see live opportunities.*

12 Uptown Rd, Galt, California 95633, US

Est. IRR: 14.11%
Est. Yield: N/A
Est. Equity Multiple: N/A

Key Stats

Last updated: December 13, 2022, 02:59 am

Est. IRR: 14.11%
Est. Hold Period: 3 years
Est. Property Value: $412,578
Beds / Baths: 3 bd / 2 ba
Year Built / Renovated: 2002 / 2018
Sq. Ft.: 1,137
Discount to FMV: 38%
Discounted Value: $255,798

Asset Class (Home Equity Investment)

Home Equity Investments (HEIs) provides liquidity to 'equity-rich' homeowners without the need to take on more debt. They provide investors with a new way to invest in the equity in residential real estate, but without the associated costs such as mortgage, interest, property taxes, and maintenance costs.

About

Home Equity Investment in Galt, CA

This owner-occupied home with 3 beds and 2 baths is located close to Galt Village Shopping Center (0.1 mi), Lake Canyon Park (0.6 mi), and Galt Community Park (1.2 mi).

The home sits on 0.07 acres with a total interior space of 1,137 square feet. The property was originally built in 2004 and was renovated in 2018, and includes stainless steel appliances, a new roof, and an updated kitchen.

Local schools include Lake Canyon Elementary School (0.5 mi) with a 6/10 rating, Robert L. McCaffrey Middle School (1.2 mi) with a 5/10 rating, and Liberty Ranch High School (1.5 mi) with a 5/10 rating. Nearby colleges include Cosumnes River College (13.0 mi), California State University, Sacramento (19.9 mi), and Sacramento City College (20.0 mi).

The largest employers in the area include Raley's (0.1 mi), Walmart (0.2 mi), and Kaiser Permanente (7.5 mi).

The business plan would be classified as a long-term hold strategy because you are buying home equity at a discount to its fair market value.

5 Highlights about this deal:

The property is valued at $412,578 with a Zillow Zestimate of $391,430 (Oct 2022).
The house was acquired in 2005 for $304,000.
Properties with a similar living area, within a mile of the property, have fetched $470,000 to $535,000 in 2021-22, though some had bigger plot sizes.
Zillow notes a growth of 5.2% in property prices over the last 1 year in the Galt area.
The population in Galt has been growing at 11% since 2012.