FLU: I could not find details on the two properties in your original post. [/quote]
‘Tis a tiny place but right next to Miramar college, there’s a good chance an international student may rent it for $800/month which can more than break you even. I also like the proximity to shopping, cinema, Indian food, Miramar Lake, and Scripps Ranch.
That being said, I wouldn’t want to live in the area. IMO that part of MM is the worst. Parking there leaves you a good chance of getting your car broken into or stolen. Car thieves love quick freeway access, like this area provides. Also the unit looks old and run down. It looks like a conversion.[/quote]
Thanks nostradamus.
Even if you can rent for $800, $100K at 7% is $600/month, plus $200 HOA and $100 property tax, plus other costs can easily set you back at $200/month.
