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.