Happy New Year! Can anyone advice if MLS# 120046976 is a good investment property? 8671-8673 Winter Gardens Blvd Lakeside, CA 92040 Thanks a lot!

Asked by Ttggmmjj, San Diego, CA Fri Jan 4, 2013

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Sinead McAllister’s answer
Sinead McAll…, Agent, Oceanside, CA
Mon Jan 7, 2013
I was just looking into this one for another client of mine. It is kind of a mess. Termite work, septic issues, etc. Plus its a short sale and the seller intends to retain the current tenants' deposits... ugh! If you need help finding other property, feel free to give me a shout, I would be happy to assist you.

Sinead McAllister
McAllister Homes Real Estate
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Ttggmmjj, Home Buyer, San Diego, CA
Sun Jan 6, 2013
Thanks for all your reply.
I drove by this neighbor by myself and decide to let it go.

But I would keep look for the similar rental property within this budget range , a ROI 10% up.

Thanks Jerry, Barbara, Jill and Matilda.
0 votes
10% roi is always hard to find but there are some out there.
Flag Sun Jan 6, 2013
Jerry Heard, Agent, San Diego, CA
Sun Jan 6, 2013
Well it may be a good investment. if the numbers provided for rents are correct based on 25% down, you should achieve a ROI of 18%, Cap Rate of 8.5% and a GRM of 8.64. These all appear to be good but you would have to do further investigation into the financials and condition of the property.
If you would like to pursue this farther please contact me and we can discuss how to proceed.

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Jerry Heard
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Office 619-269-5545
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0 votes
Barbara Magu…, Agent, Rancho Santa Fe, CA
Sat Jan 5, 2013
If you would like more information on the property and area I can help you out with that. In addition I can give you average rents in the area. Feel free to contact me
0 votes
Jill Miranda…, Agent, San Diego, CA
Fri Jan 4, 2013
It depends on what your investment goals are. Are you looking for something to hold for a long period that has good cash flow? Are you looking for something to sell at a profit in a short time? And what kind of return and cap rate are you looking for? Your tax situation also factors into the equation. It does seem to have a pretty good cap rate but without knowing more it's pretty hard to give a good answer. If you'd like to talk more I have good experience in financial analysis and can help you find a property to fulfill your investment goals.

Jill Miranda - DRE #01413799
Pacific Sotheby's International Realty
0 votes
Matilda (Ti…, Agent, La Mesa, CA
Fri Jan 4, 2013
Happy New Year !

Can't advice you if it's a good investment or not. But if you'd like more information such as comparables in that area, please call me at 619-316-7063.

Matilda Fusco
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