One problem. The dude next door is trying to rent an identical 3-bedroom, 2.5-bath unit for just $3950 a month.
What kind of moron would pay $12,000 a month to live next to renters paying $3950 a month? And even after you've made those enormous mortgage payments for 30 years and your property is paid off, you are still paying property tax and HOA fees that add up to more than half of the rental value!
Oh, and your other neighbor at 188 Solana Point is trying to sell at $1.295 million. It ain't renting, but it's better than $1.695 million.
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