This is the only house of 3,000 sf below 4K. Seems nice enough.
If it’s at the right price, you will get a lot of interest. My rentals are in the $2900 to $3400 range. Most recently rented on in four hours with a good increase.
Two came on the market in the summer and I had over a dozen families come by within days.
Given, the is a difference between paying $3250 or $4000.
I would on balance prefer to have it $100/$200 below market and rented than to wait several months. Been doing this almost 20 years and I’ve never had a vacant month. Landlords don’t lead the market, we follow it.
Many tenants will have some credit issues, you need to decide how picky you want to be but there is a difference between the occasional disputed bill or an eviction.
Bigger picture, you need to ask yourself, do you want to be a landlord.
If the house has high property taxes and was not purchased at a discount via foreclosure or short sale, it may not be ideal as a rental.
A landlord needs an edge in the San Diego market. Passive income is best earned with properties bought at a discount.
