1080 Park Blvd San Diego

1080 Park Blvd San Diego

D

, CA 92101

$550,000

Beds

2

Baths

2

Sqft

1,037

Year Built

2007

Days on Market

56

Property Type

Condo

HOA/mo

$951.8

MLS ID

2600393SD

Description

Whether it's city living or urban nesting, welcome home to Smart Corner! Smart Corner is a bold, contemporary community in the heart of Downtown will have you in the center of the best that San Diego's vibrant life has to offer in minutes! Be it the theater or the symphony, a multitude of restaurants, Petco Park, or slightly more steps to glittering coastal waters, everything is at your fingertips. The stunning design of the building is reflected inside as you step into dramatic floor to ceiling windows, including a wonderful nook just off of the living room that's ideal for a home office desk. The kitchen features a full suite of stainless steel appliances and a large island perfect for cooking and entertaining guests. Wake up with the sun, be it from the comfort of your own bed or on your balcony sipping a cup of coffee. See Supplement. Smart Corner is at the forefront of full community entertainment and living. The massive rooftop terrace is an entertainment dream. From the multiple BBQs and warm hot tub to the extensive lounge area, you will never tire from enjoying the endless sunrise and sunset vistas. The community also features a private gym, so go ahead and cancel any previous memberships. One of the wonderful features of Smart Corner is the integration of the trolley system right into the building. Going to an Aztec game at Snapdragon Stadium or maybe a day of shopping in Fashion Valley, simply hop on and off the trolley - what could be more convenient? This could possibly be an ideal rental for your college student, as access via the trolley to SDSU and UCSD has become a breeze (not to mention the ever improving and expanding San Diego City College is just a few steps away). Whether living, working, playing or all of the above, Smart Corner is the smart choice.

Mortgage Calculator

Est. Monthly Payment

$4,443

Principal & Interest$2,781
Property Tax$550
Insurance$160
HOA$952
%($110,000)
%

Investment Score

16D
Est. Monthly Rent

Market Rent Estimate

$3,655
Monthly Cashflow

Rent − PITI − HOA

$-788
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,087

Mortgage (P+I)
$2,781
Cap Rate
1.51%
Cash-on-Cash
-8.60%
DSCR
1.31
Break-even Rent
$4,443

NOI (Annual)
$8,331
Price-to-Rent

Lower = better for investors

12.5

* Defaults: 20% down, 6.5% rate, 30yr.

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