woodburyowner
Well-known member
Just spotted this one and was scratching my head as to why anyone would make this kind of investment. http://www.redfin.com/CA/Irvine/25-Secret-Gdn-92620/home/5931522
New owner pays $888k for a 4/3/2315sq ft investment property and wants to get $3950 rent for it. I doubt it will rent for that high, maybe $3750. These numbers make no sense for an investment. I guess this is the great thing about Irvine SFRs. There will always be people looking to buy for their own primary residence and for investment purposes no matter what the price.
Any thoughts?
New owner pays $888k for a 4/3/2315sq ft investment property and wants to get $3950 rent for it. I doubt it will rent for that high, maybe $3750. These numbers make no sense for an investment. I guess this is the great thing about Irvine SFRs. There will always be people looking to buy for their own primary residence and for investment purposes no matter what the price.
Any thoughts?