Heritage Park (Clairemont)

[brianlp518]

Look like these properties would cash flow instantly, but have been on the market a while.

http://www.sdlookup.com/MLS-090002859-6750_Beadnell_47_San_Diego_Ca_92117
http://www.sdlookup.com/MLS-090007271-6750_Beadnell_57_San_Diego_Ca_92117
http://www.sdlookup.com/MLS-080056585-6602_Beadnell_18_San_Diego_Ca_92117

Price: $115-120,000
Sq Ft: 625-650
20% down, 5% 30-year fixed on 120k:
Down: $24,000 (+~$10,000 closing)
Mortgage payment: $515
Property tax: $150
HOA: $262
Total: $927

Average Rents for Heritage Park 1BR: $950-1100
http://sandiego.craigslist.org/csd/apa/1118013297.html
http://sandiego.craigslist.org/csd/apa/1126934025.html

Tax Write-offs: $137
Initial Equity: $115

Grand Total:
(-$927) + ($950) + ($252) = $275/month

Any feedback?

[SDEngineer]

I believe most of the time for investors to consider it a good “opportunity” you need to have at least a 30% cashflow in the unit (to cover the expected higher maintenance associated with rentals as well as vacancy times, any rent incentives (especially in todays market), etc). Still, I think there’s a lot of places that are getting close to that mark. These might be some of them.

[SDEngineer]

I believe most of the time for investors to consider it a good “opportunity” you need to have at least a 30% cashflow in the unit (to cover the expected higher maintenance associated with rentals as well as vacancy times, any rent incentives (especially in todays market), etc). Still, I think there’s a lot of places that are getting close to that mark. These might be some of them.

[SDEngineer]

I believe most of the time for investors to consider it a good “opportunity” you need to have at least a 30% cashflow in the unit (to cover the expected higher maintenance associated with rentals as well as vacancy times, any rent incentives (especially in todays market), etc). Still, I think there’s a lot of places that are getting close to that mark. These might be some of them.

[SDEngineer]

I believe most of the time for investors to consider it a good “opportunity” you need to have at least a 30% cashflow in the unit (to cover the expected higher maintenance associated with rentals as well as vacancy times, any rent incentives (especially in todays market), etc). Still, I think there’s a lot of places that are getting close to that mark. These might be some of them.

[SDEngineer]

I believe most of the time for investors to consider it a good “opportunity” you need to have at least a 30% cashflow in the unit (to cover the expected higher maintenance associated with rentals as well as vacancy times, any rent incentives (especially in todays market), etc). Still, I think there’s a lot of places that are getting close to that mark. These might be some of them.

[SD Realtor]

According to all of the listing agents for those properties you listed, they all have offers into the lenders.

[SD Realtor]

According to all of the listing agents for those properties you listed, they all have offers into the lenders.

[SD Realtor]

According to all of the listing agents for those properties you listed, they all have offers into the lenders.

[SD Realtor]

According to all of the listing agents for those properties you listed, they all have offers into the lenders.

[SD Realtor]

According to all of the listing agents for those properties you listed, they all have offers into the lenders.

[brianlp518]

Thanks for the input. Haven’t owned any rental properties before, but looking to get into it. Any areas that I should be looking at for this >30% cashflow?

[brianlp518]

Thanks for the input. Haven’t owned any rental properties before, but looking to get into it. Any areas that I should be looking at for this >30% cashflow?

[brianlp518]

Thanks for the input. Haven’t owned any rental properties before, but looking to get into it. Any areas that I should be looking at for this >30% cashflow?

[brianlp518]

Thanks for the input. Haven’t owned any rental properties before, but looking to get into it. Any areas that I should be looking at for this >30% cashflow?

[Author]

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