Updated about 3 years ago on .
La Mesa House Hack and Value Add
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $730,000
Cash invested: $18,000
I am a big fan of single family detached properties in expensive markets like San Diego because of the flexibility of options. For this property, I added a driveway with utilities and now have my camper parked on it, which I rent out to a tenant. The mortgage is $3,800 a month and I bring in $5,900 a month by renting by the room and also renting out the camper. This value add option would not have been possible on a condo/ townhome and I would be negative cash flow every month.
What made you interested in investing in this type of deal?
The large lot and affordable price compared to other neighborhoods in San Diego.
