Victorville has Positive ROI
Real estate investors looking to buy single-family homes and maximize future returns can look to the city of Victorville instead of going out of state. For less than $200,000, an investor can purchase a home with four or five bedrooms and up to three bathrooms and realize future gains. The price to buy an existing home is less than what it would be to build a single-family house.
Let’s compare numbers. A four-unit building in Los Angeles can cost one million dollars given the right neighborhood. You can buy four homes in the Victorville area for less than $800,000.
I know of a duplex in Eagle Rock valued at $ 695,000 and one side has a three-bedroom two-bath while the other has one bedroom and one bath.
Victorville has an Economic Base
I suggest investors look to the area for the quality jobs with companies like Boeing, Dr. Pepper Snapple Group, and Newell Rubbermaid. This provides a stable economic base. The military base is nearby and they’re likely to have nice families moving into the house.
The city and surrounding area is an important logistics center with the 5,000-acre Southern California Logistics Airport.
Victorville is Affordable
Rents typically go for $1,200 to $1,800 monthly making it an affordable alternative to comparable size homes in the greater Los Angeles area.
There’s no need to invest out of California and go into another state where the job market may be less diversified than the High Desert.
For those investors who are hands-on, the area is about a 90-minute drive from Los Angeles and quality property management companies are also available.
Call me to schedule a personal appointment to consider including a property in Victorville in your investment portfolio.
Click here for the city’s economic information page.