Dealsletter #1 - San Diego Edition

Unlock San Diego: A Market Where Sun, Surf, and Solid Returns Collide

Welcome to the first issue of Dealsletter! This week, we're spotlighting San Diego, a city where the real estate market is as vibrant as its famous beaches. Let's explore why America's Finest City could be your next smart investment.

About the area πŸ”Ž San Diego, the city of eternal sunshine and sandy beaches, is not only a dream destination for vacationers but also a goldmine for real estate investors. With its thriving economy, strong job market, and desirable coastal location, San Diego offers a perfect blend of lifestyle and investment opportunities. From the bustling neighborhoods of downtown to the serene suburbs, San Diego has something for everyone. Whether you're looking for long-term rental properties or short-term vacation rentals, the demand is high and the potential for returns is even higher. So why settle for anywhere else when you can invest in San Diego and ride the wave of success in America's Finest City?

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🚨 Our calculations are based on a 20% downpayment or more and take into account the current interest rate. We've got the numbers covered!

Long Term Rental

$1,175,000

5 Bed / 5 Bath / 3,060 Sq. Ft.

From the listing agents πŸ‘‰πŸΌ : Discover the hidden gem nestled within Rolling Hills of El Cajon. This extraordinary home offers an abundance of features and even more. The primary residence boasts an impressive 2,660 square feet 4 bed 3.5 baths, while the separate ADU encompasses 400 square feet. Both dwellings are exquisitely furnished and primed for their new owner. The main house showcases the convenience of dual master bedrooms - one on the upper level and another on the lower level. The flawless details embody everything sought after by today's discerning buyers. With quartz countertops, a designer tile backsplash, and sleek white shaker cabinets, the kitchen exudes modernity and is generously equipped for gatherings. Plus, with the added benefit of RV parking, this home is a true rarity that won't last long.

The Stats πŸ“

  • Cap Rate: 4.9%

  • Year 1 Cash-Cash Return: -2.8%

  • Appreciation: 3.9%

  • Monthly Rent: $7,670

  • Rent Growth: 1.0%

  • Renovation: Property appears turn key.

  • 10-year Return: 13.7% / yr

Long Term Rental

$795,000

4 Bed / 2 Bath / 1,367Sq. Ft

Great Rent Growth and Appreication!

From the listing agents πŸ‘‰πŸΌ : Wow! This meticulously maintained home sits in the desirable Lake Murray neighborhood of Park Manor. It has been in the same family since 1964! Featuring a brand new roof, a huge 6700 sq ft corner lot & a permitted addition to the kitchen & dining area. Other updates including plumbing, some electrical & fresh interior paint. All appliances convey, making this truly turn key for the new owners! Location is key with this one, walking distance to the lake, shopping, nearby schools & freeway close too!

The Stats πŸ“

  • Cap Rate: 5.2%

  • Appreciation: 3.6%

  • Monthly Rent: $5,460

  • Rent Growth: 5.9%

  • Renovations: Property appears turnkey.

  • 10-year Return: 18%

Short Term Rental

$1,190,000

5 Bed / 3 Bath / 2,659 Sq. Ft

From the listing agents πŸ‘‰πŸΌ : 40878 Daily Rd in Fallbrook is a remarkable hilltop retreat, home or get away nestled on 8.1 acres of picturesque land. This spacious 2598 square foot home boasts 5 bedrooms and 3 bathrooms, making it ideal for families or those who love to entertain. The heart of the home features a kitchen overlooking a wrap around porch with sunset views. The outdoor oasis includes a pool, spa, waterfall, and slide, perfect for gatherings and making memories. The real gem is the stunning hilltop location with breathtaking sunset views. 40878 Daily Rd in Fallbrook is a sanctuary to unwind, entertain, and revel in nature. It offers the best of Southern California living in a serene and private setting.

The Stats πŸ“

  • Cap Rate: 7.1%

  • Year 1 Cash-Cash Return: 7.9%

  • Appreciation: 4.1%

  • Monthly Revenue: $13,255

  • Monthly Cash Flow: $1,852

  • Renovations: Property appears turn key.

  • 10-year Return: 20.9% /yr

Multi-Family

$785,000

Four-Plex

2 bed / 1 bath, 2 bed/ 1 bath, 1 bed / 1 bath, and studio

From the listing agents πŸ‘‰πŸΌ : This property in the Mountain View neighborhood has a ton of upside in rents. Three buildings with 4 units consist of a 2 bedroom / 1 bath and 1 bedroom / 1 bath in a front structure, a bootleg 2 bedroom / 1 bath in a rear structure, and a converted storage structure as a non-permitted studio. The property is in a great location near downtown, freeways, schools and the Mountain View library and park. The tenants are long term. A new water heater was installed late 2021 and there are 6 surface parking spots on site as well as yards for the tenants. Tenants are charged back RUBS for SDGE.

Mountain View is an urban community in the southeastern section of the city of San Diego. It is bordered by Mount Hope and Greenwood Memorial Park on the north, Interstate 15 and the neighborhoods of Stockton and Logan Heights on the west, Interstate 805 and Lincoln Park on the east, and Southcrest and National City on the south. Major thoroughfares include Imperial Avenue and Ocean View Boulevard.

The Stats πŸ“

  • Market Cap Rate: 6.08%

  • GRM(Gross Rent Multiplier): 9.5

  • Gross Rental Income: $62.7k

  • Net Operating Income: $28.5k

  • Value add opportunity

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  • More properties and states per issue.

  • More details like occupancy rate, vacancy rate, cash needed, renovation costs, and more.