Why Wenatchee Real Estate is a Strong Addition to Your Portfolio

Wenatchee, Washington is becoming recognized as one of the next good Real Estate investment opportunities. Many investors from softening markets like some areas of Southern California are moving their investments to areas like this where they are expecting higher rates of appreciation and cash flows.
With the California real estate market being challenged by high prices and in some markets weakening value, many investors are looking elsewhere to maintain their returns. One area that has received much attention in the news lately is Wenatchee, Washington, with CNN Money projecting appreciation for the area at 16.7% from June 2006 June 2007. The fundamentals are strong for economic growth in the general area, driven by companies like Microsoft.

With most of California's major markets having home prices starting in the $500,000 range, affordability is no longer associated with the sunshine State. The ability to purchase a $200,000 home with quality schools, low crime rates, and strong employment opportunities only seems to be a dream for many. Wenatchee has all that and much more. Occupying a valley in eastern foothills of the Cascade Mountains, it is a community of only 29,000 with a lot of room for growth. The valley is complete with fruit orchards, flowing rivers, and beautiful canyons. With this environment there is no shortage of recreation, entertainment and outdoor sports.

Looking at the investment potential of this growing area, affordable housing in an area of growing business opportunities makes for a solid long-term investment. Just take a look at the numbers from an investment standpoint. You can buy a three-bedroom home in the low $200,000’s in a quality neighborhood and with a 20% down payment you will have a rental property with a breakeven cash flow. In other words the tenants will be buying the property for you. If you have equity in properties that are not appreciating, take a moment to look at the future of Wenatchee real estate to increase the return on your portfolio.

Co-written by James Dedolph and Randy Nathan, creators of HomeSniffer.com where you can find Homes for Sale in San Diego and LoanSniffer.net where you can find the best rate and terms for Homes Loans in San Diego . Both of these sites are a good resource for information about San Diego Real Estate .

By James Dedolph
Published: 8/17/2007
 
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