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  • February 23, 2011 at 11:15 AM #671271
    sdrealtor
    Participant

    Great so now we have two suggestions

    $220K for an SFR in Chula Vista that will rent for $1400 and have taxes of about $200/month plus you probably have to fix them up and are responsible for maintenance. Subtracting out the taxes thats about 183 times monthly rent but you may have more appreciation potential.

    $130K for a 2BR condo in San Carlos that will rent for $1350 and have taxes plus HOA fees of $350/month but no fix up or long term maintenance. Subtracting out taxes and HOA fees that about 130 times monthly rent.

    Any more good ones out there?

    February 23, 2011 at 11:47 AM #670137
    bearishgurl
    Participant

    [quote=sdrealtor]…$220K for an SFR in Chula Vista that will rent for $1400…[/quote]

    In this price range, a +/- 1000 sf 3/1 SFR on a 5K to 7K sf lot in the Hilltop area rents for $1600 – $1650 per mo. The $1400 rents are prevalent in the area adjacent to the trolley.

    February 23, 2011 at 11:47 AM #670199
    bearishgurl
    Participant

    [quote=sdrealtor]…$220K for an SFR in Chula Vista that will rent for $1400…[/quote]

    In this price range, a +/- 1000 sf 3/1 SFR on a 5K to 7K sf lot in the Hilltop area rents for $1600 – $1650 per mo. The $1400 rents are prevalent in the area adjacent to the trolley.

    February 23, 2011 at 11:47 AM #670808
    bearishgurl
    Participant

    [quote=sdrealtor]…$220K for an SFR in Chula Vista that will rent for $1400…[/quote]

    In this price range, a +/- 1000 sf 3/1 SFR on a 5K to 7K sf lot in the Hilltop area rents for $1600 – $1650 per mo. The $1400 rents are prevalent in the area adjacent to the trolley.

    February 23, 2011 at 11:47 AM #670947
    bearishgurl
    Participant

    [quote=sdrealtor]…$220K for an SFR in Chula Vista that will rent for $1400…[/quote]

    In this price range, a +/- 1000 sf 3/1 SFR on a 5K to 7K sf lot in the Hilltop area rents for $1600 – $1650 per mo. The $1400 rents are prevalent in the area adjacent to the trolley.

    February 23, 2011 at 11:47 AM #671291
    bearishgurl
    Participant

    [quote=sdrealtor]…$220K for an SFR in Chula Vista that will rent for $1400…[/quote]

    In this price range, a +/- 1000 sf 3/1 SFR on a 5K to 7K sf lot in the Hilltop area rents for $1600 – $1650 per mo. The $1400 rents are prevalent in the area adjacent to the trolley.

    February 23, 2011 at 1:17 PM #670177
    sdrealtor
    Participant

    I just picked a low end rent and a low end price as that tends to be the best return. More data is better.

    Just fill in the blanks then. How much does a 3/1 in move in condition cost in the Hilltop area on a 5 to 7K lot that would rent for $1600/month?

    February 23, 2011 at 1:17 PM #670239
    sdrealtor
    Participant

    I just picked a low end rent and a low end price as that tends to be the best return. More data is better.

    Just fill in the blanks then. How much does a 3/1 in move in condition cost in the Hilltop area on a 5 to 7K lot that would rent for $1600/month?

    February 23, 2011 at 1:17 PM #670848
    sdrealtor
    Participant

    I just picked a low end rent and a low end price as that tends to be the best return. More data is better.

    Just fill in the blanks then. How much does a 3/1 in move in condition cost in the Hilltop area on a 5 to 7K lot that would rent for $1600/month?

    February 23, 2011 at 1:17 PM #670987
    sdrealtor
    Participant

    I just picked a low end rent and a low end price as that tends to be the best return. More data is better.

    Just fill in the blanks then. How much does a 3/1 in move in condition cost in the Hilltop area on a 5 to 7K lot that would rent for $1600/month?

    February 23, 2011 at 1:17 PM #671331
    sdrealtor
    Participant

    I just picked a low end rent and a low end price as that tends to be the best return. More data is better.

    Just fill in the blanks then. How much does a 3/1 in move in condition cost in the Hilltop area on a 5 to 7K lot that would rent for $1600/month?

    February 24, 2011 at 6:49 AM #670460
    Wujohn
    Participant

    Thank you for the info SD and Bearishgurl. This helps give me some direction. Even though I stated that cash flow was not the driving factor in my decision making, you now have me thinking about purchasing 2 1/1 condos. I am thinking that if the cash flow is fairly good, it will help me purchase my next unit that much more quickly.

    I will also have to give Chula Vista its fair shake as there seems to be some good value down there as well.

    February 24, 2011 at 6:49 AM #670522
    Wujohn
    Participant

    Thank you for the info SD and Bearishgurl. This helps give me some direction. Even though I stated that cash flow was not the driving factor in my decision making, you now have me thinking about purchasing 2 1/1 condos. I am thinking that if the cash flow is fairly good, it will help me purchase my next unit that much more quickly.

    I will also have to give Chula Vista its fair shake as there seems to be some good value down there as well.

    February 24, 2011 at 6:49 AM #671129
    Wujohn
    Participant

    Thank you for the info SD and Bearishgurl. This helps give me some direction. Even though I stated that cash flow was not the driving factor in my decision making, you now have me thinking about purchasing 2 1/1 condos. I am thinking that if the cash flow is fairly good, it will help me purchase my next unit that much more quickly.

    I will also have to give Chula Vista its fair shake as there seems to be some good value down there as well.

    February 24, 2011 at 6:49 AM #671270
    Wujohn
    Participant

    Thank you for the info SD and Bearishgurl. This helps give me some direction. Even though I stated that cash flow was not the driving factor in my decision making, you now have me thinking about purchasing 2 1/1 condos. I am thinking that if the cash flow is fairly good, it will help me purchase my next unit that much more quickly.

    I will also have to give Chula Vista its fair shake as there seems to be some good value down there as well.

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