Quadplex available in South Gate, CA for $360,000. This price includes a two-bedroom and 3 one-bedrooms. The cost of this property is approximately $2,225 a month (assuming 25% down, 4.5% interest on loan – which covers mortgage payment and accounts for maintenance and vacancy) and the South Gate rents will produce approximately $3,300 a month conservatively. All in all, you are looking at an investment that can produce a return greater than 10% a year. Find out further details… let me know and contact me here.
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