SCRIPPS RANCH PROPERTY MANAGEMENT

ABOUT SCRIPPS RANCH

Scripps Ranch is an affluent neighborhood in San Diego. It lies southeast of Mira Mesa and sits just above Mission Trails Regional Park. Rent prices for a 2-bedroom can range from $2400-$2800. It’s one of the smaller cities within San Diego, with roughly 33,000 people.

Miramar Lake is a popular spot for Scripps Ranch residents. There are great trails and paths for biking and walking. Fishing and boating are other activities people enjoy doing here, especially in the hot summer months. Scripps Ranch also has a few good schools. There are multiple elementary schools to choose from, along with Thurgood Marshall Middle School and Scripps Ranch High School.

After a long day at work, head over to Ballast Point Brewing for a nice beer and great food. They have a location in Scripps Ranch and they main, largest location is a few miles down the road in Miramar.

Home Prices in scripps ranch 

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

Scripps Ranch 92131 Single Family Homes: $1,352,000 median price 

Scripps Ranch 92131 Condos: $563,091 median price 

Rental Rates in Scripps Ranch 

Scripps Ranch is another area that consists of mostly single family homes. The average rent for SFH here is around $3,500. Condos are less expensive at around $2,500, but there are fewer of them. 

Pros of Investing in Scripps Ranch 

Its proximity to Poway schools and Miramar employment hub makes Scripps Ranch a popular rental area. Much of the rental pool is comprised of families, who are typically long term renters. 

Cons of Investing in Scripps Ranch 

As with other areas consisting of mostly large detached houses, the sales market is very competitive and the rents don't keep up with prices. Positive rental cash flow is hard to achieve. 

Sample Deals in Scripps Ranch

11178 Ironwood Rd - Full Deal Report 

  • $660,000 purchase price ($151,800 cash needed) 
  • -$1,354/month cash flow 
  • 2.1% cap rate 
  • -10.7% COC

Solid 3B/2BA detached home tucked in amongst the lovely (but invasive and not indigenous) eucalyptus groves of Scripps Ranch. Though it would still rent quickly in its current condition, with a bit of investment and elbow grease rent could likely be raised $200/month for more appealing numbers.

11821 Miro Circle - Full Deal Report 

  • $680,000 purchase price ($156,400 cash needed) 
  • -$1,337/month cash flow 
  • 2.2% cap rate 
  • -10.3% COC

Like Poway, there aren't a ton of condo communities in Scripps Ranch. However, we manage a few units in the Miro / Ravel HOA and they always rent quickly. A huge catch with this property are the Mello-Roos fees to the tune of over $800, making for an additional $1000 cost combined with the HOA fees! It is crucial to consult your agent when looking at properties to factor in if a potential property has fees like this to avoid wrecking your calculations only after escrow closes.

SCripps Ranch Property Management

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

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