Otay Ranch (Chula Vista/San Diego Homes)

[Abhi Kotti]

It looks like i'll be moving to San Diego when I graduate this summer and I'm looking to house hack when I move. I keep seeing new construction homes in Otay Ranch in Chula Vista for 5-6 bedrooms with 3-4 bathrooms in the 600-700k price range. If I'm looking to house hack and rent out by the bedroom, what would be negatives of an investment like this?  

If I rent each bedroom for a price range of around $900-$1000/room it seems like a good investment for San Diego county. Is it hard to achieve rent prices in this area? Is Otay Ranch safe? The area seems to be growing and the potential for appreciation seems to be good as well.

areas?

[Kenneth Donaghy]

I have sold a few in Otay Ranch, one to a househacker, two others to investors. Appreciation is also strong in Otay, Rents are solid. They is more plans for further development. It's a commuter suburb. A couple expenses to keep in mind 1) toll road if you choose to use it, which you will. 2) Mello-Roos an extra tax for newer developments that helps pay for the infrastructure, and services such as schools, fire, etc. Which helps for schools to rack higher, combine with a more reasonable price point, close enough to town and military bases, newer builds it makes it desirable for many.