San Diego Housing Market News and Analysis
Rancho Mission Road area
User Forum Topic
Submitted by spdrun on June 14, 2012 - 9:34pm
I'm looking to pick up between one and three investment condos in the SD area. I periodically see 1 br condos in the area of the intersection of Rancho Mission and Friars in the high $90k range, with 2 bedrooms in the low to mid-low $100k range.
Will a one bedroom in that area easily rent in the neighborhood of $900-1000, and a two net about $1300? (Looking for a 7%+ return after taxes, insurance, and maint fees). Anything I should know about the area -- it seems convenient, with access to a tram line, some shopping, and the freeways?
What other areas would you all recommend in the $80k to $160k range (1 or 2 bdr) where I'd have a fighting chance of finding decent tenants? Will consider San Diego proper, as well as Oceanside/Carlsbad area.
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