Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
James Ogbeide
  • Pasadena, CA
0
Votes |
2
Posts

Buying a townhouse, Not sure if overpriced

James Ogbeide
  • Pasadena, CA
Posted

Hey everybody! This is my first post, so I apologize if this is located in the wrong place. My offer for a 3bd/2.5 townhouse in San Diego (Mira Mesa specifically) was accepted. The price was listed at 565,000, but will close at 573,000. I plan on staying in the master bedroom and renting out the 2 other bedrooms to help with the mortgage. 

After checking what the going price was for homes in the similar area, it seems like I might have overpaid but I am not sure. I know that real estate in San Diego is VERY expensive.

My question is based on this property https://www.redfin.com/CA/San-Diego/8351-Gold-Coast-Dr-92126/unit-3/home/4861308, is 573,000 too much to go with. I tried using the rental property calculator but not sure if I did it right. Thanks!

Loading replies...