10242 Wateridge Cir 197
Ctop 80%San Diego, CA 92121
0 licensed short-term rentals within ½ mile (0 whole home), from the cities' license and permit lists of Nov 1, 2026.
No unit in this 95-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.
Pass at asking: -$3,811/mo full cashflow at 20% down, 7.49% rate.
Works at $265,879 (65% under asking), or at 92% down.
Rent $3,312/mo from 8 leases of 2-bed condos & townhomes within 2 mi ($3,645–$3,796).
Beds
2
Baths
3
Sqft
1,148
Year Built
1999
Days on Market
—
Property Type
Townhouse
HOA/mo
$499
MLS ID
260026047SD
This property is in San Diego (92121). View neighborhood stats →
About This Property
Welcome to this beautifully updated townhome in the highly desirable Sorrento Valley! Ideally located in one of the community's best locations, this light-filled home features soaring ceilings, a cozy fireplace, fresh custom paint, and stylish laminate wood flooring throughout. The updated kitchen offers granite countertops, refreshed cabinetry, stainless steel appliances, and a charming breakfast nook. Upstairs, you'll find two spacious primary suites, each with its own private full bathroom--perfect for families, guests, or roommates. Enjoy a private patio, attached two-car garage, and resort-style community amenities including a pool, tennis courts, volleyball courts, and lush green spaces. Conveniently located near major freeways, shopping, dining, and top tech employers, this move-in-ready home is one you won't want to miss!
Mortgage Calculator
Est. Monthly Payment
$5,728
Location
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Zoned Schools
Elementary
Hickman Elementary · grades K-5 · San Diego Unified
Middle
Challenger Middle · grades 6-8 · San Diego Unified
High
Mira Mesa High · grades 9-12 · San Diego Unified
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$3,312
Comp Average
$3,402
9645 Easter Way
2bd / 1ba · 885 sqft · Condo
$630K
Est. $3,195/mo
9270 Towne Centre Drive
2bd / 1.5ba · 896 sqft · Condo
$670K
Est. $3,152/mo
9250 Towne Centre Drive
2bd / 1.5ba · 896 sqft · Condo
$750K
Est. $3,152/mo
10260 Wateridge Circle
2bd / 2.5ba · 1,148 sqft · Townhouse
$809K
Est. $3,324/mo
10330 Wateridge Circle
3bd / 2.5ba · 1,390 sqft · Townhouse
$980K
Est. $4,186/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 2-bed condos & townhomes within 2 mi · $3,645–$3,796
Blended 50/50 with the zip's market median ($2,909)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,811/mo short at 20% down; 92% down or +$4,950/mo rent closes it.
- Break-even price
- $265,879
- Break-even rent
- $8,262/mo
- Cashflow at 35% down
- −$3,015/mo
- Down payment to break even
- 92%
- Rate to break even
- Not reachable
65% under asking
$4,950/mo above the estimate
$699,200 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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