This is breakthrough pricing

[EJ]

This rental for $1900 appears to be in the same building. It is a property manager so maybe the pricing is realistic.

http://sandiego.craigslist.org/csd/apa/609420174.html

It showed up three times, first post on March 12 (that was still available, it could be listed longer). The rental is advertised as the penthouse so it probably is not on the first floor. The $200k listing doesn’t say which floor. I don’t know which is better, top floor with the plane noise or bottom floor with the pedestrians looking through your windows. Square feet are not listed on the rental but it is a 2/2.

This might be a good check of the market for this building. There definitely wasn’t huge demand as it is has been on craigslist almost week (at the least). Lets see if gets rented at this price, I think it probably will.

Anyone know what the rent was before the conversion?

[Casca]

This is on the corner of Grape and Columbia. Do you like exhaust fumes, and the roar of vehicles and jet engines? If so, this is the place for you. I’ve looked at units there before. The whole building is a pit. It’s an AMSI rental property converted to condos, blech. You can put lipstick on a pig, but when you gaze into her eyes, she’s still a pig.

[Casca]

This is on the corner of Grape and Columbia. Do you like exhaust fumes, and the roar of vehicles and jet engines? If so, this is the place for you. I’ve looked at units there before. The whole building is a pit. It’s an AMSI rental property converted to condos, blech. You can put lipstick on a pig, but when you gaze into her eyes, she’s still a pig.

[Casca]

This is on the corner of Grape and Columbia. Do you like exhaust fumes, and the roar of vehicles and jet engines? If so, this is the place for you. I’ve looked at units there before. The whole building is a pit. It’s an AMSI rental property converted to condos, blech. You can put lipstick on a pig, but when you gaze into her eyes, she’s still a pig.

[Casca]

This is on the corner of Grape and Columbia. Do you like exhaust fumes, and the roar of vehicles and jet engines? If so, this is the place for you. I’ve looked at units there before. The whole building is a pit. It’s an AMSI rental property converted to condos, blech. You can put lipstick on a pig, but when you gaze into her eyes, she’s still a pig.

[Casca]

This is on the corner of Grape and Columbia. Do you like exhaust fumes, and the roar of vehicles and jet engines? If so, this is the place for you. I’ve looked at units there before. The whole building is a pit. It’s an AMSI rental property converted to condos, blech. You can put lipstick on a pig, but when you gaze into her eyes, she’s still a pig.

[Ren]

That will yield about $100-200/month in profit = $1200-2400/year. That’s 6-12% profit from the $20k invested from the very first year. That sounds pretty decent to me considering rent will most likely go up over time, which will increase your ROI. The question is, can it really fetch $1800/month in rent?

And $1200-$2400 profit assumes you’ve got it rented 12 months/year. I think vacancies and maintenance are likely to wipe that profit out completely in the long term.

[Ren]

That will yield about $100-200/month in profit = $1200-2400/year. That’s 6-12% profit from the $20k invested from the very first year. That sounds pretty decent to me considering rent will most likely go up over time, which will increase your ROI. The question is, can it really fetch $1800/month in rent?

And $1200-$2400 profit assumes you’ve got it rented 12 months/year. I think vacancies and maintenance are likely to wipe that profit out completely in the long term.

[Ren]

That will yield about $100-200/month in profit = $1200-2400/year. That’s 6-12% profit from the $20k invested from the very first year. That sounds pretty decent to me considering rent will most likely go up over time, which will increase your ROI. The question is, can it really fetch $1800/month in rent?

And $1200-$2400 profit assumes you’ve got it rented 12 months/year. I think vacancies and maintenance are likely to wipe that profit out completely in the long term.

[Ren]

That will yield about $100-200/month in profit = $1200-2400/year. That’s 6-12% profit from the $20k invested from the very first year. That sounds pretty decent to me considering rent will most likely go up over time, which will increase your ROI. The question is, can it really fetch $1800/month in rent?

And $1200-$2400 profit assumes you’ve got it rented 12 months/year. I think vacancies and maintenance are likely to wipe that profit out completely in the long term.

[Ren]

That will yield about $100-200/month in profit = $1200-2400/year. That’s 6-12% profit from the $20k invested from the very first year. That sounds pretty decent to me considering rent will most likely go up over time, which will increase your ROI. The question is, can it really fetch $1800/month in rent?

And $1200-$2400 profit assumes you’ve got it rented 12 months/year. I think vacancies and maintenance are likely to wipe that profit out completely in the long term.

[barnaby33]

Oh Ren, don’t be so coy. We know you just want to scare us off and buy it yourself. 1800 for a 2bdrm in that area sounds too high. 1400 sounds about right. Especially if it has no view.

Josh

[barnaby33]

Oh Ren, don’t be so coy. We know you just want to scare us off and buy it yourself. 1800 for a 2bdrm in that area sounds too high. 1400 sounds about right. Especially if it has no view.

Josh

[barnaby33]

Oh Ren, don’t be so coy. We know you just want to scare us off and buy it yourself. 1800 for a 2bdrm in that area sounds too high. 1400 sounds about right. Especially if it has no view.

Josh

[barnaby33]

Oh Ren, don’t be so coy. We know you just want to scare us off and buy it yourself. 1800 for a 2bdrm in that area sounds too high. 1400 sounds about right. Especially if it has no view.

Josh

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