Existing Mortgage $864,271

3.625% Interest Rate
$5857.15 PITI (principle, interest, taxes, & insurance)

$110,000 entry fee covers
1. Down payment to seller
2. Agent commissions
3. Assignment Fee
4. Closing costs

The property generated $9,000 in rental income in July 2024 as a 31+ day rental and inquiries for future MID TERM bookings remain strong. The high season typically spans April through December, with an additional surge during February's Mustard season. The house is usually rented for 30+ days with an average rate of $6,000 with an increased interest in longer-term rentals and higher rates being offered. Similar properties in Napa County have commanded $12,000 to $15,000 in rent, depending on features and location. This property is a short walk to Downtown Napa. This property can still be promoted on Airbnb, VRBO, and Booking.com as long term rentals over 31+ days, particularly for traveling nurses who often seek 4-6 month leases or longer.

Timeless, Classic home built in 1930's updated w/modern amenities. A fully renovated 3 BR/1BA haven epitomizes the essence of Napa living. Nestled on prime corner lot, central location puts downtown Napa blocks away. Brimming w/character & infused w/modern charm. Newer Roof, siding, bathroom to wall textures, & the gleaming original refinished hardwood floors. New furnace in 2013. Enjoy toasty fires in the cozy living room. The fully remodeled kitchen boasts brand new appliances, 5 burner gas stove, new light fixtures; a permitted 3-bedroom addition ideal for extra living space/den for watching the latest in entertainment, utilize as a home office, workout space etc. Central heat. Picture yourself on the private deck or new patio, sipping wine, basking in the warm glow of lights & outdoor firepit. Convenient RV parking & clean-out next to the garage for added parking for boat/RV. Enjoy the Napa Valley lifestyle waiting for you. Seize this special opportunity! Furniture may be included in sale and is still negotiable.

SOLD COMPS

$907,000
https://www.zillow.com/homedetails/1228-Legion-Ave-Napa-CA-94559/19392713_zpid/

$865,000
https://www.zillow.com/homedetails/2310-Main-St-Napa-CA-94558/19390842_zpid/