1050 Island Ave. 621

Ctop 80%

San Diego, CA 92101

$579,900

Pass at asking: -$2,850/mo full cashflow at 20% down, 7.49% rate.

Works at $210,377 (64% under asking), or at 91% down.

Rent $2,829/mo from 1 lease in this building.

Beds

Baths

Sqft

1,003

Year Built

2005

Days on Market

—

Property Type

Condo

HOA/mo

$556

MLS ID

260026270SD

This property is in San Diego (92101). View neighborhood stats →

About This Property

Don't miss out on this hip, urban loft at M2i, just a few blocks from Petco Park in East Village. Unit 621 has upgrades galore, including a partially built-out bedroom with built-in storage, luxury vinyl flooring, custom blinds, custom closet, new kitchen tiling, upgraded appliances including Bosch front-loading washer/dryer, Bosch dishwasher and Whirlpool fridge, smart home nest system, Haiku ceiling fans, Hues smart lighting, and remote door lock. This unit also comes with 2 parking spaces.

Mortgage Calculator

Est. Monthly Payment

$4,546

Principal & Interest$3,241

Property Tax$580

Insurance$169

HOA$556

Down Payment

%($115,980)

Interest Rate

Loan Term

Location

Loading map...

Comparable Properties

5 comps found

This Property

$2,829

Comp Average

$3,146

1150 J Street

1bd / 1ba · 994 sqft · Condo

$539K

Est. $3,020/mo

550 Park

1bd / 1ba · 1,018 sqft · Condo

$549K

Est. $2,878/mo

350 11th Ave.

1bd / 1ba · 1,018 sqft · Condo

$600K

Est. $3,110/mo

1150 J

1bd / 1.5ba · 986 sqft · Condo

$680K

Est. $3,015/mo

510 1st Ave

1bd / 2ba · 1,036 sqft · Condo

$625K

Est. $3,707/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

32C

Est. Monthly Rent

$2,829

1 lease in this building

Thin data: only 1 lease behind this number.

Monthly Cashflow

Rent − PITIA

-$1,717

Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,850

What would make this work?

$2,850/mo short at 20% down; 91% down or +$3,702/mo rent closes it.

Break-even price: $210,377
Break-even rent: $6,531/mo
Cashflow at 35% down: −$2,243/mo
Down payment to break even: 91%
Rate to break even: Not reachable

Mortgage (P+I)

$3,241

Cap Rate

1.10%

Cash-on-Cash

-29.49%

DSCR

Need ≥ 1.25 for DSCR loan

0.62

NOI (Annual)

$6,380

Price-to-Rent

Lower = better for investors

17.1

* 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.

Open Full Calculator

CCashflow−$2,850/mo