Costa Mesa Income Property Investments

There are lots of great ways to invest in Costa Mesa real estate.  Most prefer to own and live in the real estate that they purchase in Costa Mesa, but another way to build wealth is to buy income property- or in other words, property that produces income or cash flow for an owner.

The property that I just sold at 2229 Rutgers Drive is a great example of an investment in Costa Mesa Income Property Investments.  I will give you a little bit of background first, then I will dig into why this is such a sound investment in today’s economy.  This property was only on the market a short time, and was a bank owned REO property.  My client was looking at buying a small house, something like a 3 bedroom/ 2 bath home in the $350,000-$450,000 range.

Let’s look at the math on Costa Mesa real estate investments for 3 bed/2 baths:

Ok, so adding the above figures together you get $2092/ month as an owner for your costs on the home (monthly mortgage + taxes).  If you figure rent is $2500, then your monthly cash flow is just above $400 per month.  Not bad for Costa Mesa real estate, eh?

Here’s where it gets better – in the case of 2229 Rutgers Drive, I showed my client this triplex instead of a single family home because it produces more income with only a slightly larger down payment.  This property sold for $560,250.

Work the numbers, and they look like this: