I'm estimating the rental income and demand for my SFR house in El Camino Glen (Yale and Walnut). 4 bed, 3 bath, 1950sq ft. Zillow puts the estimate at $3,400, but I question if this is accurate. Even though it has no community amenities/HOA, it does have a full driveway and a backyard. Condition is fair, but not great. Upgraded throughout the years, but doesn't have the luxe feeling of a new community.
Questions:
- Is zillow's estimate usually on the high side, or spot on?
- Are SFR non-community rentals in high demand? I hear that Irvine places don't stay vacant for very long, but I think that applies to newer communities.
- With new communities sporting hefty HOA and mello roos, do you see these kinds of homes appreciating faster than new constructions? I flipped when I saw the mello roos for great park neighborhoods.
I've never lived in a new community in Irvine, and I've been eyeing townhomes in newer communities. My current thought is to rent out my current place and buy in Eastwood Village or Cypress Village. If my current place cannot rent for more than my expenses, I'll have to really consider selling.
Questions:
- Is zillow's estimate usually on the high side, or spot on?
- Are SFR non-community rentals in high demand? I hear that Irvine places don't stay vacant for very long, but I think that applies to newer communities.
- With new communities sporting hefty HOA and mello roos, do you see these kinds of homes appreciating faster than new constructions? I flipped when I saw the mello roos for great park neighborhoods.
I've never lived in a new community in Irvine, and I've been eyeing townhomes in newer communities. My current thought is to rent out my current place and buy in Eastwood Village or Cypress Village. If my current place cannot rent for more than my expenses, I'll have to really consider selling.