Personally I don’t see many “deals” with respect to properties that pencil out as a rental yet. I have seen a few pretty aggressively priced SFH homes in Mira Mesa that could indeed pencil out if they actually went for the pricing in the original listing.
I am pretty sure you were addressing sdrealtor on the price point question for the new paradigm. As for my price point question, I don’t have an answer for that. People who are buying that work with me often ask me what I “would pay” for this or that house and I am honest with them and tell them I am renting. I tell them that I am looking in a lowballish manner for certain homes in Scripps but that none of my lowballs have been accepted and that if it were only about money I wouldn’t be looking now at all.
As far as price point for rental property? Well it depends. Different people have different criteria. I am not sure what someone like Surveyor uses for his numbers. I would imagine if I could get a property for 10% down and it cash flowed a few percent I would have to seriously consider it depending on the neighborhood. I don’t see anything like that in San Diego but eventually pricing will get there.
