[quote=pabloesqobar]
Yeah, I was thinking about that. Those seem like very high rent numbers for a house(s) that went for $300k.
I just helped a friend renovate a house he bought in Lemon Grove that is now being rented out. He paid $290k, and put another $15k into it. He’s renting it out for $2300. I thought that was a decent return.[/quote]
Maybe the fact that it’s a dual family dwelling tilts things in his direction. If it were a single family, there would be a zero chance of finding a habitable house that costs 300k and rents anywhere above your 2300. Even 2300 sounds too high. You can get a 3-bedroom in Rancho Penasquitos south of 56 for that. Is your friend renting out the whole house to one family, or room by room?
