Updated about 9 years ago on . Most recent reply
Question about SFH in the Pasadena/Arcadia area
Hi all!
I'm new here and this might seem like a newbie question, but I'll shoot anyways.
Right now I'm looking for a SFH in the Pasadena/Arcadia area for my first real estate purchase. The problem I'm having here is that no matter how I look at it, there's a really big disparity between the rent in the area and the monthly costs which always seems to end up in negative cash flow. For a $700k 3 room SFH I'm ballparking $3000-$3500 monthly costs. But the rents I'm seeing are more in the $2500-$3000 range.
Not sure if anybody here is well versed with deals in this area, but am I looking at things the wrong way?