Residential Income

Upon entering the world of real estate investments, the first move is to search for residential income-generating properties that are on sale. Due to Internet availability, this process is now efficient and time-saving. Here are 4 helpful tips that you may find useful while browsing for residential income properties for sale online:

Research Your Location

A real estate investment’s success is largely based on where it is located. Property location happens to be an extremely vital factor when you’re making money in real estate investing. Upon finding a rental property, research its location first. Check whether there’s a high demand for any rental properties in that location. Check whether real estate investments will work well.

Usually, unemployment rates and population growth rates should help you decide whether the rental property’s location is a worthy enough investment. Check for these indicators before you decide to invest in residential income properties for sale.

Utilize Internet-based Property Finders

Finding real estate listing online has simplified the procedure for finding a viable real estate investment property. There are many real estate investor websites, which allow one to find investment properties, which match one’s real estate investment preferences. Filtering your search by important attributes like price range, performance as investment properties and kind of residential income properties for sale is possible when you use top-rated property websites.

Here are some helpful property finders you can utilize for locating a residential income property that’s up for sale:

Mikepatel.com
Trulia.com
Zillow.com
Realtor.com

Understand Real Estate Information & Data

When it’s about finding residential income properties for sale online, you’ll find some recurring metrics related to real estate. It’s vital to know what these metrics mean since these can be vital real estate investment tools for assessing investment property performance.

Cap Rate

This is used for calculating real estate property profitability, which is obtained by dividing NOI with the current MV of any investment property. This cap rate calculation is not dependent on financing methods and is considered as a legitimate and strong indicator of ROI.

Cash Flow

These calculations are made by deduction of operating expenses from rental income. If you’re out to make money in real estate, that means having properties with positive cash flow. Otherwise, you’d merely be breaking even or burning cash. However, it isn’t wrong to invest in a negative cash flow residential income property, since that’s a useful strategy too.

Rate Of Occupancy

Occupancy rates in investment properties are important metrics for any real estate investor, most importantly for people making an investment in a short term rental like Airbnb rentals. Greater the occupancy rates, the lower the risks you have of being stuck with vacant properties. This is pretty much the worst thing that can happen to you as an Airbnb property owner.

We ensure your real estate investments are made accurately by providing you with predictive analytics. Simply select investment properties which match your investment requirements. We’ll provide accurate calculations for these properties.

Use Investment Property Calculators

We utilize and offer the best investment property calculator for today’s market.. Using investment property calculators for discovering residential income properties for sale no doubt is

Neighborhood Analysis

This is what real estate market analysis is based on. We can get you several details about neighborhood data like average occupancy rates from Airbnb, rental income, property price, etc. This enables you to select highly profitable locations only, ensuring high yields from rental properties.

Optimal Strategy For Rentals

Based on factors like location and occupancy rates, rental property calculators can help you find the best rental strategy based on your property features. Deciding whether to go for traditional strategies or for an Airbnb strategy has gotten much easier now.

Available Properties for Sale

This is a fully occupied 6 unit multifamily asset in the city of Anaheim, the home of the Disney Land in the Orange county. Disney Land is the Largest employer in the city. Anaheim has close to 350,000 residents. Units are upgraded with new kitchen cabinets, marble counter tops, bathrooms, laminate flooring, new appliances...Building offers great unit mix. One 3br/2ba, Two 2br/1 ba, One 2br/1 ba with huge balcony , One 1br/1 ba, One 1br/1ba with office area. All units have been upgraded in past few months including exterior paint. Grassy Gated compound for safety, onsite laundry, 7 garage parking. Rents were not raised in 2020 so due for rent increase now. Great location, close to schools, shopping, and entertainment. $2,000,000 Active

1828 W Glen Avenue Anaheim, California

Beds 0 Baths 5,413 Sq Ft

Six Individual Houses. This six-plex has six, 2 bedroom, 1 bath single family homes, with attached one car garage, all on separate meters gas & electric. Long term tenants and some rents are below market rent. The complex sits on a 21,235 Sq. Ft. lot. All units have been upgraded within last ten years (Coper plumbing, double pane vinyl windows, tile flooring, etc. Three units have newer roofs. four units have good size fenced yards. $1,999,888 Active

1810 W Houston Avenue Fullerton, California

Beds 0 Baths 5,436 Sq Ft

INCREDIBLE INVESTMENT OPPORTUNITY! A rare find in downtown Garden Grove, this parcel encompasses over 39,000 sqft has 3 existing homes and lots of open space for an additional unit or ADU. Reminiscent of days gone by, this is your opportunity to own one of the last generously sized land parcels remaining in central OC. The restoration, development and/or renewal prospects of this property are endless and with 40+ residential units allowed per acre, this unique parcel can afford the new owners many options, as well as many opportunities. Endless possibilities include creating a family compound, expansion of the existing homes, additional new homes and/or ADU's, a hobby farm/gardens, swimming pools and tennis courts - all for your own personal use and enjoyment, all while enjoying country life in the city! Close to City Hall, Public Safety, schools parks, library and restaurants. Great development opportunity as well, and is being offered as land under MLS #PW21062001. Seller would also like to sell adjoining home and contiguous parcel located next door at 11462 Stanford Ave; APN #090-153-19, MLS #21070116. Current ownership has maintained the rental rates below the market level and with the right strategy and approach, a new investor can take advantage of a significant repositioning opportunity. DRIVE BY ONLY. DRIVE BY ONLY. Please do not disturb or talk to tenants, or enter or walk on properties under any circumstances! LIVE, INVEST OR DEVELOP, THE CHOICE IS YOURS!! $1,950,000 Active

11432 Stanford Avenue Garden Grove, California

Beds 0 Baths 3,299 Sq Ft

Side by Side 4 Plex, Total of 8 Units on One Lot Sold As 8 Units, 6 - One Bedrooms, & 2 - Two Bedroom, Several Units Have Been Remodeled, Carport Parking Spaces, Easy to Manage, Recently Painted Exterior, New Stairwells. $1,950,000 Active

303 N Rose Street Anaheim, California

Beds 0 Baths 4,690 Sq Ft

Location, Location, Location. Two unit free-standing retail on a busy thoroughway. Fully occupied with total income of appro. $9150 per month, modified net. $1,950,000 Active

9825 Garden Grove Boulevard Garden Grove, California

Beds 0 Baths 3,600 Sq Ft

These are 8 units apartment where there is hardly any vacancy. Each unit has it's own garage. All the units downstairs have tiles and some of the units have newer carpet upstairs. The property is very close to Disneyland has potential for higher rent. $1,950,000 Pending

1609 W Ball Road Anaheim, California

Beds 0 Baths 6,564 Sq Ft

Westport Manor is a highly upgraded 8 unit Apartment building located in a superior rental area of Anaheim, Ca. All units have garage parking. Improvements include roll-up garage doors with openers, dual paned windows, wall air conditioners, microwave ovens and updated kitchens. Panel doors and plank flooring in 4 units and roof was redone in 2015. Pride of ownership is evident in this well maintained property. Future upside potential for this asset and definitely low maintenance costs for the future. $1,920,000 Pending

2103 E Westport Drive Anaheim, California

Beds 0 Baths 4,473 Sq Ft

We are pleased to present 2209 E. Westport Drive, a pride of ownership 8-unit investment opportunity located in the in-demand rental market of Anaheim. Built in 1960, the subject property consists exclusively of one bedroom/one bathroom units. The property offers amenities including security doors, a shared courtyard, an onsite laundry facility and (4) double-car garages and (4) open parking spaces for a 1.5:1 parking ratio. The Westport Drive apartments offers exceptional curb appeal from its recent exterior renovation that included fresh exterior paint, new garage doors and majority new windows paired with attractive landscaping. Step inside and find that several of the interiors have been renovated with upgrades to kitchens, bathrooms and flooring which are highly desirable to current and future tenants. Tenants also enjoy the property's walking distance to a major retail center and close proximity to the trendy and urban Anaheim Packing District. Furthermore, the Westport Apartments is just over 3 miles to Disneyland, a major employer to the citizens of Anaheim and a favorite local attraction. Through continued modernization of remaining units and increased rents, this investment opportunity offers a strong long-term hold strategy with exceptional growth potential for any type of investor. $1,900,000 Active

2209 E Westport Drive Anaheim, California

Beds 0 Baths 4,958 Sq Ft

Investment Opportunity Knocking!!! Welcome to your new, custom-built, detached duplex! This property is located in the center of Garden Grove, close to highly rated schools, popular restaurants, and major shopping malls, including only 2 minutes away from H-mart supermarket, with quick access to all major freeways nearby. This home, two separate units on a big lot, is 7-10 minutes from Little Saigon, with room for up to 15 cars to park on the lot and in the garages. Brand-new and built in 2019, the front unit is 2,047sq ft, with 4 bedrooms, 3 bathrooms, and 2-car, attached garage; the back unit is 2,008 sq ft with 4 bedrooms, 3 bathrooms, and 2- car, attached garage and an additional private backyard. Each unit has its own separate gas meter, electricity, water system, address, and billing. You have an option to live in one unit and rent out the other or have 2 big families share the home. Current rent is $3,500/month/unit. All utilities bill, gas bill, water bill, trash bill is paid by tenants. High ROI!!! This will not last long!!! "Also listed as residential under MLS ID OC21055424" $1,869,999 Pending

12751 Hazel Ave Garden Grove, California

Beds 0 Baths 4,055 Sq Ft

331 Rosewood is a well located 4-unit apartment property, constructed of one and 2 story design. Rosewood is comprised of 3 two-bedroom / two-bathroom units, with an average unit size of 1,195 SF and a large 3 bedroom 2 bath owners unit size of 1,595 SF. The property is located in a high demand rental market near Chapman University in the City of Orange CA. Property is all electric. $1,785,000 Active

331 W Rosewood Avenue Orange, California

Beds 0 Baths 5,176 Sq Ft

Well Maintained in City of Fullerton 6 Units Multifamily Investment Apartment. Nice Neighborhood which Provides 3 of 2-Car Garages in the Back for Additional Rental Income . The Property Consist of 6 Units - 4 Units are One Bedroom with One Bath $ 1450 / $ 1495 Per Month, 2 Units are Two Bedrooms with One Bath ( $ 1675 / $ 1550 Per Moth). Building has Remodeling which Includes Newer Paint, Newer Windows , Newer Cabinets in Most of the Units , Newer Laminated Flooring. Annual Scheduled Gross Income to be Approx. $ 108,840 . Annual Scheduled Expense to be Approx. $ 33,677 which Covers Property Tax / Management Service/ Landscaping Fee/ Common Area Electricity, Gas, Trash Water. Each Unit has its Own Electricity and Gas Meter. Landlord Pays Water and Trash . Net Operating Income from the Annual Schedule Gross Income is $ 75,163. Annual Pro Forma Rental Income is $ 116,458 . Cap Rate 4.22%. Walking Distance to Pacific DR Elementary School. Just Half a Mile to Downtown Fullerton , Fullerton College and Amtrack Station. Easy to Access Freeway 91 and 57 . $1,780,000 Active

1310 W Valencia Drive Fullerton, California

Beds 0 Baths 3,721 Sq Ft

Beautiful Triplex in the great city of Tustin established tenants in these quiet secure units each has its own patio areas along with private 2 car garage for each unit. Each unit has a range, dishwasher, garbage disposal, washer and dryer hookups, smoke and carbon monoxide detectors, central air and heat, Each unit has 2 bedroom 2 bathroom living room dining room kitchen and den. fireplace in each as well. Great living space. rent values have not been increased in over 6 years. Unit 1 has new (September of 2019) AC system including furnace, coil, condenser and new line. ***** Financial opportunity is here.***** $1,695,000 Active

13621 Green Valley Drive Tustin, California

Beds 0 Baths 4,369 Sq Ft

View More Properties

From Our Clients…

Yvonne Y.

I can’t say enough good things about Mike Patel! He’s professional, honest, hard working and just an overall kind person. He knows residential real estate like the back of his hand, an incredible negotiator! If you’re in need of a local Realtor look no further.

Read More Reviews »

What’s Your Home Worth?

I am the premier agent to turn to when you are ready to list your property to sell quickly and at top dollar! I compare other properties in the local market to make sure we list it at the right asking price.

FREE Home Valuation