What parts of Victorville are more desirable for an investment property purchase. Is the area near?

Asked by Tigran, California Wed May 14, 2008

Is the area near Nesquilla Rd and Hesperia Rd a good area to purchase an investment property to rent out. How much would a a 3 bed, 2 bath 1400 sq ft house rent for in that area.

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Michael G.Gr…, , Orange County, CA
Sat Jul 26, 2008
Tigran,

Realistically you can expect to get between $900-$1,100 per month for that size of home. You might want to think about investing off of Highway 18 and Dale Evans Parkway. As I'm sure you know there has been alot of development in that area to include a new Super Target, Lowes Home Improvement, and several strip malls. The area is close to schools and shopping and would be an attractive area to potential renters.

Of course there are other things you want to take into consideration besides location. You want to take into account taxes, insurance, and operating expenses. I would invite you to visit my website to search for homes investigate communities and neighborhoods and more. You will also want to visit the city of Apple Valley website to see what industry and jobs are coming to the area.

You can visit my website at http://www.mgrimm4homes.com

Sincerely,

Michael G.Grimm
Realtor
Web Reference:  http://www.mgrimm4homes.com
1 vote
Ramon Cabrera, , Santa Ana, CA
Sun May 18, 2008
The going lease rate for an average 3 bedroom, 2 bath, 1400 sqft home in Victorville in the area bounded by Hesperia Rd., Green Tea Blvd, Arrowhead/7th and Bear Valley Rd is between $1,100-$1,200/mo. This estimate is based on a review of available and recently leased property. I would be glad to share and review the data with you.

Deciding if the property is a good investment or not primarily depends on your purchase price and the type of financing you are getting. In general a used home will provide a better value than a new home in today's market. Lenders are selling foreclosed two and three year old properties at a significant discount to similar new homes.

If you have a specific property in mind or even just a general idea of what you want to buy I will be glad to go over the numbers with you

Sincerely,
Ramon Cabrera, Realtor
Cell: (714)381-8893
Web Reference:  http://www.ramoncabrera.com
1 vote
Sj209, Both Buyer And Seller, California
Wed Jul 30, 2008
Check with Orrin Joseph, he can help answer all your questions! (760) 221-1969
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