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49
Value holds at $1M, Rent up to $4,661
Updated 12 days ago • 2 new comps
Your Investment Paths
Turnkey Rental
This property shows strong rental potential in the current San Diego market. Based on recent comparable data, you can expect a monthly income between $3,851 and $4,441, making it a solid choice for consistent cash flow. With an estimated rental yield of nearly 5%, this home offers a reliable path for building wealth. Its prime 1,400 square-foot layout aligns well with local demand, positioning it as a competitive and attractive long-term rental asset.
More about this home
Neighborhood Assessment
Serra Mesa in San Diego's 92123 zip is a solid, family-friendly neighborhood with good walkability to everyday spots and easy freeway access. You've got Fletcher Elementary (5/10) just 0.1 miles away, Montgomery Middle (5/10) nearby, and Kearny High (9/10) about a mile off—decent schools overall. Comp homes on Cardinal Dr are zestimating ~$850K-$1.1M for similar 3-bed/2-bath setups around 1K-1.5K sqft, showing steady demand. Low climate risks too—minimal flood/fire, moderate air/heat. It's stable but not exploding with new developments; think reliable rather than hot. The area's canyon views and proximity to shops/restaurants keep it appealing without big upside surprises.
Market Activity
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Rental Income
$50K
Yield
5.0%
Year 1 Estimates
Fix-and-Flip
Modernizing your home offers a clear boost to your property value. Updated homes command roughly 765 dollars per square foot compared to 750 for others, marking a solid two percent increase that helps your residence shine. This investment unlocks higher rental income and elevates your sell potential to 1.1 million dollars. These upgrades create a vibrant, move-in ready atmosphere that appeals to quality buyers, making your home a standout in the neighborhood.
Value Add
$21K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid potential with an estimated post-renovation value between $999,000 and $1,104,000. Current market trends for renovated homes in this area demonstrate a stable valuation baseline, providing a clear target for exit or refinancing. Projected rental income of $4,661 monthly generates a 5.3% yield. While this return reflects standard market performance, the property’s location and size make it a reliable asset for long-term cash flow and steady wealth accumulation.
Rental Income
$56K
Yield
5.3%
Year 1 Estimates, Post Typical Renovation
Estimated value
$1000K
$32.5K below comp median
Comparative Market Analysis
$855K – $1.4M
~23 days to sell
Based on 8 comps
2321 Cardinal Dr, San Diego Investment Report: Flip & Rental Analysis · Frontflip