I’m hoping for 5%+ annual rent increases for the foreseeable future! I’d love to be in a position to use the cash flow from my SFR rental to cover 100% of my primary residence carrying costs so I can have no net housing costs (mortgage, insurance, taxes, etc.). It’s going to take approximately 15 years of 5% annual rent increases to make that happen, so perhaps I’ll need to look at getting into another rental property to speed this up. Anyone have statistics on the annual rents for SFR properties in SD county over the past 20+ years? I’m thinking 5% is much too aggressive for modeling purposes and 2-3% might be more reasonable.
