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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Rainmaker
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Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

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

Feb 07, 2012 12:24 PM #1
Rainmaker
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Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

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!

Feb 08, 2012 12:52 AM #2
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