Profile picture for gorohamasaki

Cost comparison

2414 N. Tustin Ave. Santa Ana, CA
These unite HOA and Land lease costs $1490.00 and they are renting them out for Between $1000.00 to $1400.00. How can they rent them out with loosing money?
Or this is a TAX write off Expenses?
  • June 17 2012 - Santa Ana
  • 0Yes

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Answers (2)

Profile picture for Rita Walker
I looked up this property and could find nothing on it. Are they currently for rent?
There is a possibility that these were bought as a block of properties together.
  • June 17 2012
  • 0Yes

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Profile picture for Cindy Quinton
If you are talking about the rent Zestimate, that is just Zillows "guesstimate"  of what a property might rent for.  Although it is not unusual for people to be renting out homes for less than it cost them a month, especially if they are underwater with the ownership (owe more than it would sell for) and can't sell.
  • June 17 2012
  • 0Yes

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