the.irvine
Active member
Looking to find a rental property in OC, under 600K. Any thoughts on potential target areas for this price range, and where it would be easier to rent out etc
the.irvine said:Looking to find a rental property in OC, under 600K. Any thoughts on potential target areas for this price range, and where it would be easier to rent out etc
the.irvine said:Appreciation with positive cash flow. As long as i dont loose money per month i will be fine.
aquabliss said:Check out this one:https://www.redfin.com/CA/Anaheim/4354-E-Addington-Dr-92807/home/4312972
Single story 3 bedroom detached in Anaheim Hills, decent yard, no HOA and no Mello... I'd go for this or something like it.
Looks like it backs up to the fwy even though description says quiet neighborhood, maybe they have one of those 15 ft walls as a sound barrier...
hello said:I would love to see anyone link a house that truly cash flows in the OC at 20% down. I find that people often miscalculate cash flow because they do not account for things properly such as vacancy, maintenance, taxes, borrowing costs, insurance and even PM fees. If you throw in opportunity costs for the down payments being used I would argue its nearly impossible to find truly cash flowing properties in the OC.
makes sense though, appreciation play tend to be in nicer areas, and opposite for chasing cap rateseyephone said:This is funny recommending Santa Ana.
the.irvine said:How about LA county?
Liar Loan said:hello said:I would love to see anyone link a house that truly cash flows in the OC at 20% down. I find that people often miscalculate cash flow because they do not account for things properly such as vacancy, maintenance, taxes, borrowing costs, insurance and even PM fees. If you throw in opportunity costs for the down payments being used I would argue its nearly impossible to find truly cash flowing properties in the OC.
It's difficult but not impossible. This one would cashflow at the listing price, but might need some interior work (no photos).
https://www.redfin.com/CA/Santa-Ana/1009-N-Bewley-St-92703/home/3898276
Listing Price: $300,000
Rent: $2,200-2,400