Investment Property Buyers! – Steal of the Week
January 23, 2010 by kendixon · Leave a Comment
LA Investment Property Earns You 14% Return on Your Investment
Daniel Hatmaker from Dixon Team OC talks about the hottest investment property for the week ending 1/23/10. A 4-unit building in the heart of LA is fully-occupied and bringing in a gross income of $43,800 with estimated annual operating expenses of $9,000. That’s an annual operating income of $34,800. The asking price is $249,900 which yields almost a 14% cap rate or return on your investment. The gross rent multiplier is less than 6 years meaning you’ll make all of your $249,900 back if you hold this property for 6 years. For more information about this property go to http://dixonteamoc.com.
Posted on Huntington Beach Real Estate | Orange County Real Estate
