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(former)FormerSanDiegan
Participantsdrealtor, What would be the rent (ballpark) on those mid 100’s homes in Escondido ? how much rehab needed (ballpark) ?
Participantf you assume a monthly rent of $1000, a “cash flow neutral” house at 5% cost of money, very approximately, works out $240,000 (=$1000*12*20)
bsrsharma, your numbers are ludicrous.
$1000 monthly rent for a SFR ?
You are off by a factor of two.Consider an area of San Diego where homes are just about the median price: Clairemont. Median price in Clairemont (92117) SFR : 430K
Typical rent in Clairemont for a 3/2 SFR : $2200 per month.SFHs around the median price are 5-10% from cash flow, not 40%+.
Participantf you assume a monthly rent of $1000, a “cash flow neutral” house at 5% cost of money, very approximately, works out $240,000 (=$1000*12*20)
bsrsharma, your numbers are ludicrous.
$1000 monthly rent for a SFR ?
You are off by a factor of two.Consider an area of San Diego where homes are just about the median price: Clairemont. Median price in Clairemont (92117) SFR : 430K
Typical rent in Clairemont for a 3/2 SFR : $2200 per month.SFHs around the median price are 5-10% from cash flow, not 40%+.
Participantf you assume a monthly rent of $1000, a “cash flow neutral” house at 5% cost of money, very approximately, works out $240,000 (=$1000*12*20)
bsrsharma, your numbers are ludicrous.
$1000 monthly rent for a SFR ?
You are off by a factor of two.Consider an area of San Diego where homes are just about the median price: Clairemont. Median price in Clairemont (92117) SFR : 430K
Typical rent in Clairemont for a 3/2 SFR : $2200 per month.SFHs around the median price are 5-10% from cash flow, not 40%+.
Participantf you assume a monthly rent of $1000, a “cash flow neutral” house at 5% cost of money, very approximately, works out $240,000 (=$1000*12*20)
bsrsharma, your numbers are ludicrous.
$1000 monthly rent for a SFR ?
You are off by a factor of two.Consider an area of San Diego where homes are just about the median price: Clairemont. Median price in Clairemont (92117) SFR : 430K
Typical rent in Clairemont for a 3/2 SFR : $2200 per month.SFHs around the median price are 5-10% from cash flow, not 40%+.
Participantf you assume a monthly rent of $1000, a “cash flow neutral” house at 5% cost of money, very approximately, works out $240,000 (=$1000*12*20)
bsrsharma, your numbers are ludicrous.
$1000 monthly rent for a SFR ?
You are off by a factor of two.Consider an area of San Diego where homes are just about the median price: Clairemont. Median price in Clairemont (92117) SFR : 430K
Typical rent in Clairemont for a 3/2 SFR : $2200 per month.SFHs around the median price are 5-10% from cash flow, not 40%+.
ParticipantIn a bubbly or declining market this rule is an excellent one. However, as we approach reasonable values in San Diego, it seems like it will limit some legitimate would-be small-time investors as well.
I guess another reason why cash is king.
ParticipantIn a bubbly or declining market this rule is an excellent one. However, as we approach reasonable values in San Diego, it seems like it will limit some legitimate would-be small-time investors as well.
I guess another reason why cash is king.
ParticipantIn a bubbly or declining market this rule is an excellent one. However, as we approach reasonable values in San Diego, it seems like it will limit some legitimate would-be small-time investors as well.
I guess another reason why cash is king.
ParticipantIn a bubbly or declining market this rule is an excellent one. However, as we approach reasonable values in San Diego, it seems like it will limit some legitimate would-be small-time investors as well.
I guess another reason why cash is king.
ParticipantIn a bubbly or declining market this rule is an excellent one. However, as we approach reasonable values in San Diego, it seems like it will limit some legitimate would-be small-time investors as well.
I guess another reason why cash is king.
ParticipantI guess “Late Summer 2008” wasn’t such a bad prediction after all.
For your particular neighborhood (Santa Monica/Westside), I don’t think it will be anywhere close to the bottom within the next 8 weeks (late summer 2008).
However, my guess is that for portions of San Diego and Riverside county late Summer 2008 will be reasonably close to the bottom in pricing, within say 5-10%.
ParticipantI guess “Late Summer 2008” wasn’t such a bad prediction after all.
For your particular neighborhood (Santa Monica/Westside), I don’t think it will be anywhere close to the bottom within the next 8 weeks (late summer 2008).
However, my guess is that for portions of San Diego and Riverside county late Summer 2008 will be reasonably close to the bottom in pricing, within say 5-10%.
ParticipantI guess “Late Summer 2008” wasn’t such a bad prediction after all.
For your particular neighborhood (Santa Monica/Westside), I don’t think it will be anywhere close to the bottom within the next 8 weeks (late summer 2008).
However, my guess is that for portions of San Diego and Riverside county late Summer 2008 will be reasonably close to the bottom in pricing, within say 5-10%.
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