AN wrote:ocrenter

[ltsddd]

[quote=AN][quote=ocrenter]Almost $200/sqft. Not bad. So you are the pending buyer? Yes, I would close.[/quote]
There are plenty of houses in MM that are much closer to $200/sqft than this one (those tend to be in better areas too). There are plenty at <$200/sqft in similar areas. Those houses tend to be bigger though. Here are some examples: http://www.sdlookup.com/MLS-100053982-8921_Centaurus_Way_San_Diego_CA_92126 closed at $156/sq-ft.

http://www.sdlookup.com/MLS-100066502-11016_Delphinus_Way_San_Diego_CA_92126 closed at $121/sq-ft

http://www.sdlookup.com/MLS-110066524-8008_Westbury_Ave_San_Diego_CA_92126 closed at $169/sq-ft[/quote]

AN - your examples are very misleading. You rarely see any SFR in MM that is less than 1500 sqf that sells for less than $200/sq-ft.

That house at $280k is a good deal. I don't see any downside to it as far as value and as a potential rental.

Regarding rents, I very much doubt you could get more than $1800/month for a 3/2 sfh in MM. Especially on houses south of MM and east of Camino Ruiz.