Santee PROPERTY MANAGEMENT

ABOUT Santee

Santee is a town in east San Diego with a population of roughly 58,000. It sits between the Pacific Ocean and the mountains of the Cleveland National forest. While it is considered East San Diego, it's still only 18 miles from the beach! 

Santee is home to San Diego's main drive-in movie theater, a perfect spot for family move night or date night. Mission Trails regional park is close by. This park provides many trails with beautiful views. Santee is equal parts residential and commercial and has plenty of restaurant options, from Mexican to Thai to American. Be sure to check out one of the awesome breweries in the area, too!

There are many freeway intersections that go through Santee, making it easy to get anywhere within the county. The MTS trolley system also services here. 

Santee Home Prices 

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

  • 92071 Santee Single Family Homes: $660,000
  • 92071 Santee Condos: $435,000

Rental Rates in Santee 

  • 1 bedroom condo prices range as there is newer construction and older construction. Newer 1 beds renting around $1700-$1800/mo. Older 1 beds renting around $1500-$1600.
  • 2 bed condos renting around $2000
  • 2 bed townhouses renting around $2200
  • 3 bed new construction townhouses renting for $2700-$2900
  • 3 bed detached houses renting from $2700-$2900
  • New construction detached houses renting for over $3000/mo (3 beds+)

 

 

Pros of Investing in Santee

Santee is an East County gem with more affordable price points than San Diego proper. It is only a 25-30 minute drive from all of the major attractions in the City plus the perks of more open space, proximity to outdoor activities, and new major commercial and retail developments. Renters tend to stay multiple years in Santee homes as well. Santee has seen an insane amount of value increase the last few years and this trend will likely only continue.

Cons of Investing in Santee

Of course, all the more attractive pricing has led to serious buyer competition and you can expect to bid very quickly and at or above asking price to secure an investment property in Santee. 

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Sample Deal in Santee

9412 Leticia Dr - Full Deal Report 

  • $700,000 purchase price ($220,500 cash needed)
  • -$853 cash flow per month
  • 2.3% cap rate 
  • -4.6% COC

A nicely updated (but with room to upgrade the kitchen and bathrooms to force value) 4B/2BA house on the desirable north side of Santee. The large yard and attached garage, plus easy highway access, would have this property flying off the shelf to quality renters. With even conservative appreciation numbers, an investment in a detached property in Santee pays off in multiples when buying-and-holding.

**Disclaimer: Keep in mind that when we analyze potential rental properties, we are very conservative in our numbers. We use an average market rent and account for all property expenses like maintenance, capital expenditures, vacancy, and management fees. Expenses are also estimated on the higher end. In reality you should see the rental properties performing slightly better than analyzed. We prefer to be pleasantly surprised rather than disappointed with property performance!**

What to avoid in Santee Neighborhoods

When choosing where to buy your investment property, you should be on the lookout for a few things. These things can be a red flag for the kind of area you want to avoid. 

  • Trash in the front or backyard 
  • Vandalism nearby (graffiti, damaged property, etc.) 
  • Multiple vacant homes close by 
  • Poor street light; street feels unsafe
  • Backs up or is close to a major highway or freeway 
  • Foundation issues 

Santee Property Management

Good Life Property Management has become experts in Santee property management over the last 8 years. As a result, we know how to effectively market and manage your Santee home. We find that days on market are average when compared to other areas and vacancy is about average as well. Santee property management can be challenging, but doesn’t have to be with Good Life.

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