POWAY PROPERTY MANAGEMENT

ABOUT POWAY

Poway and its surrounding neighborhoods are mostly comprised of families. It’s one of the safest areas in San Diego county and is a 30-minute drive from the bustling city areas and the beaches. Poway is a popular city for families because it has one of the best school districts out of all the surrounding counties. It was ranked #14 out of 481 in the state of California. There are plenty of schools to choose from, whether you’re looking for elementary, intermediate, or high schools.

There’s a strong sense of community here, too. There are always events going on, especially around the holidays. There are usually events geared toward children and teens as well. In January, they have a 2-day Winter Festival with an ice rink, games, and more. Check out the library for more fun events and crafting classes. They even have a digital bookmobile dedicated to helping people set up and download books on their devices!

Poway hosts a great farmers market on Saturdays from 8AM-1PM. Stop by to get some fresh produce from over 60 stands or grab a bite to eat from one of the food vendors. For more family-friendly dining, check out The Hamburger Factory. Located in Old Poway Park, you can try one of their many award-winning hamburgers while enjoying their Old West decor.

Poway Home Prices 

These are the year to date stats as of March 2021. For monthly stats, visit the San Diego Association of Realtors website

Poway 92064 Single Family Homes: $920,000median price 

Poway 92064 Condos: $574,000 median price 

Poway Rental Rates 

Single family homes can have higher rental rates in Poway because it's one of the most popular areas for families. The school district is one of the best in the state! Single family homes can rent for upwards of $3,000. There are apartments in the area, but they are typically few and far between. 

Pros of Investing in Poway

This is a very popular rental area for families due to large homes, reasonable rents, and great school district. This can lead to high quality tenants that renew for multiple years.

Cons of Investing in Poway

It's a competitive sales market so you may be paying over-retail to secure a property. Homes are generally 30-50 years old so there may be a lot of deferred maintenance.

Sample Deals in Poway 

13123 Neddick Avenue - Full Deal Report 

  • $565,000 purchase price ($129,950 cash needed) 
  • -$943/month cash flow 
  • 2.6% cap rate 
  • -8.7% COC 

Gorgeously renovated 3B/2BA house that would collect multiple applications the day it went on the market! The yard is a huge plus and there is a good chance the renters would hunker down until their children finished school since the school districts are so coveted in Poway.

12609 Robison Blvd Unit 106 - Full Deal Report 

  • $272,000 purchase price ($62,560 cash needed) 
  • -$187/month cash flow 
  • 3.8% cap rate 
  • -3.6% COC

There really aren't that many condo communities in Poway and the big homes get all the hype, so deals like this can fly under the radar. This is a nice 2B/2BA condo with plenty of room to upgrade and force value that just about breaks even as-is and would be a fantastic long-term investment due to low turnover costs and vacancy times.

Poway Property Management

Good Life Property Management has become experts in Poway property management over the last 7 years. As a result, we know how to effectively market and manage your Poway home. We find that days on market are average when compared to other areas and vacancy is about average as well. Poway property management can be challenging, but doesn’t have to be with Good Life.

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