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Now is the time to invest in real estate in La Quinta and Indio,Ca.

By
Real Estate Broker/Owner 01293735 CA

Now is the time to invest in real estate:

Here is an example of cash flow for rental homes in Indio and La Quinta, California

Numbers are approximations

Home price: $200,000

Rent: $2000 a month x 12 months = $24,000 annual income

Property taxes $3000 annual

Gardener $1000 annual

Insurance $1000 annual

Net income $18000 = 9% return on investment if you pay cash. Plus you get tax writeoffs and have the opportunity to gain equity.

If you put $60,000 down and get a loan for $140,000, you payment is approximately $700 a month or $8400 a year.

You have a net income of approximately $10,000 a year plus tax writeoffs and appreciation.

Buying investment property now in La Quinta and Indio, California can be profitable.

 

 

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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