Foreclosure Deal of the Week

Townhome in Mid Los Angeles

1477 20th Street West #2

Large two story unit in move-in condition. Excellent location near downtown LA and Wilshire district, open living room with dining area and balcony with street scene. Interior laundry area, gated community. Homepath property eligible for 10% down investor loan!

Projected Rental Scenario:
Purchase Price: $149,900
Down Payment: $14,990
Loan Amount: $134,910

Monthly Expenses
Loan Payment: $703
Taxes (Est.): $166
Insurance: $20
HOA Dues: $200
Maintenance/Misc $50
Expenses Total: $1,139

Profit
Rental: $1,500
Profit: $361
Plus Principal: $175/month profit
Annual Profit $6,432

As a Percentage of Downpayment: 43%

With the ability to get a 10% down loan, this is an amazing property with which to start your investment portfolio. Property investing is a great long term plan and great way to get some extra regular income coming in! Contact me for more information or a showing today!

This is just one of the best investment deals of the week. Do you want see more great foreclosure and investment deals and the best investment property opportunities on the market? Sign up below!