La Quinta, California is a great place to buy a rental home

By
Real Estate Broker Owner 01293735 CA

La Quinta, California has been hit hard by the real estate recession. The prices are as low as 10 years ago. Now is a great time to buy a rental investment home in La Quinta, California.

Here is an example of the return on investment you can get on a rental home in La Quinta, California.

Price of home: $100,000

Rent: $1300 x 12 = $15,600

Taxes - Approx. $1500 year

Insurance - approx. $600 year

Gardener and water - approx. $900 year

Maintenance - approx. $700 year

Total approx. expenses  $3700 year

Approx. net income $12000 year

Approx. return on investment 12%

We need rentals. many people have lost their homes and need a place to live. They make good renters. Now is the time to buy rental homes in La Quinta, California.

Posted by

 LORI BOWERS

http://www.loribowers.com

The Lori Bowers Group

A boutique Real Estate Office, with a full service team to serve all your Real Estate Needs

La Quinta, Palm Desert, Indio, Rancho Mirage, Coachella , Indian Wells and the surrounding Palm Springs Area.

78120 Calle Estado Suite 103

Old Town La Quinta

La Quinta, CA 92253

Phone: (760)8311595• Fax: (760)771-5327

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Topic:
ActiveRain Community
Location:
California Riverside County La Quinta
Groups:
Investment Property (USA)
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Rainmaker
1,089,947
Li Read
Caring expertise...knowledge for you!
Sea to Sky Premier Properties (Salt Spring)

Wow...says it all, as far as the downturn goes...also a great call to action to take advantage of this.   Won't last!

February 07, 2012 12:24 PM
Rainmaker
591,458
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com
Tahoe Real Estate Agent Helping Buyers and Sellers
Coldwell Banker, Tahoe City, CA (530) 414-1260

Lori - You've done a great job on showing investors why it's a good time to buy in your area and the type of return that is possible.  Nicely done!

February 08, 2012 12:52 AM
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Ambassador
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Lori Bowers

The Lori Bowers Group
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