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Rent climbs to $3,935, yield up to 9.6%
Updated yesterday • 5 new comps
Your Investment Paths
Turnkey Rental
The rental market for this La Mesa property looks promising. Based on local trends, you can expect a monthly income between 3,843 and 4,008 dollars. These figures offer a strong foundation for steady rental cash flow. With an estimated yield of 9.61 percent, this investment presents a solid opportunity for your portfolio. The current market demand supports these rental rates, making this property a smart, income-focused addition for any savvy investor.
More about this home
Neighborhood Assessment
This La Mesa condo sits in a well-established neighborhood with strong fundamentals. You're looking at excellent school access—Northmont Elementary (5-star) is just 0.3 miles away, with top-tier middle and high schools nearby. The location's a real plus: only two blocks from the trolley for commuters, plus easy freeway access via I-8 and Hwy 125. The complex itself shows stable demand with comparable units in the $360K-$610K range.
Market Activity
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Rental Income
$47K
Yield
9.6%
Year 1 Estimates
Fix-and-Flip
Updating your home is a fantastic way to boost its appeal. Upgraded properties command a higher price per square foot at 538 dollars compared to 510 dollars for others, representing a solid five percent increase in value. This improvement helps your property shine, potentially lifting its sell price toward 801,000 dollars. With consistent rental interest, these modern touches make your space more desirable, ensuring a great balance of lifestyle comfort and smart financial growth.
Value Add
$41K
Post Typical Renovation
Buy-Rehab-Rent
This condo presents a solid BRR opportunity with a projected post-renovation value between $724,000 and $801,000. Renovations should focus on modernizing the 1974 layout to align with the competitive median price per square foot of $518. Estimated rental income of $3,735 monthly provides a reliable 5.9% yield. While the flip potential appears modest, the property’s rental upside remains steady, making this a practical choice for long-term investors seeking consistent, stable cash flow.
Rental Income
$45K
Yield
5.9%
Year 1 Estimates, Post Typical Renovation
Estimated value
$490K
$260K below comp median
Comparative Market Analysis
$635K – $769K
~284 days to sell
Based on 9 comps
5931 Howell Dr UNIT 14, La Mesa Investment Report: Flip & Rental Analysis · Frontflip