Home › Forums › Closed Forums › Properties or Areas › El Cajon condo meltdown
- This topic has 5 replies, 2 voices, and was last updated 16 years, 2 months ago by temeculaguy.
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July 13, 2008 at 10:43 AM #13273July 13, 2008 at 11:06 AM #238598temeculaguyParticipant
If you can get a grand a month for rent, it pencils out. Egads it’s ugly. At 120k for a 1k rental it is 120x rent. 120k at 6.5 fixed is $750, with 20k down it’s $632. HOA and taxes should get you to a grand. But it looks close to rent nuetral from day one, worth looking into the specifics.
Junkers are always better rentals on paper. Imagine finding a 4s rental that sells for 600k and rents for $4,000.00 You won’t find it.
July 13, 2008 at 11:06 AM #238735temeculaguyParticipantIf you can get a grand a month for rent, it pencils out. Egads it’s ugly. At 120k for a 1k rental it is 120x rent. 120k at 6.5 fixed is $750, with 20k down it’s $632. HOA and taxes should get you to a grand. But it looks close to rent nuetral from day one, worth looking into the specifics.
Junkers are always better rentals on paper. Imagine finding a 4s rental that sells for 600k and rents for $4,000.00 You won’t find it.
July 13, 2008 at 11:06 AM #238743temeculaguyParticipantIf you can get a grand a month for rent, it pencils out. Egads it’s ugly. At 120k for a 1k rental it is 120x rent. 120k at 6.5 fixed is $750, with 20k down it’s $632. HOA and taxes should get you to a grand. But it looks close to rent nuetral from day one, worth looking into the specifics.
Junkers are always better rentals on paper. Imagine finding a 4s rental that sells for 600k and rents for $4,000.00 You won’t find it.
July 13, 2008 at 11:06 AM #238793temeculaguyParticipantIf you can get a grand a month for rent, it pencils out. Egads it’s ugly. At 120k for a 1k rental it is 120x rent. 120k at 6.5 fixed is $750, with 20k down it’s $632. HOA and taxes should get you to a grand. But it looks close to rent nuetral from day one, worth looking into the specifics.
Junkers are always better rentals on paper. Imagine finding a 4s rental that sells for 600k and rents for $4,000.00 You won’t find it.
July 13, 2008 at 11:06 AM #238804temeculaguyParticipantIf you can get a grand a month for rent, it pencils out. Egads it’s ugly. At 120k for a 1k rental it is 120x rent. 120k at 6.5 fixed is $750, with 20k down it’s $632. HOA and taxes should get you to a grand. But it looks close to rent nuetral from day one, worth looking into the specifics.
Junkers are always better rentals on paper. Imagine finding a 4s rental that sells for 600k and rents for $4,000.00 You won’t find it.
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