1109 Nolan Avenue

1109 Nolan Avenue

Btop 30%

Chula Vista, CA 91911

$795,000
NEW — 0d

Pass at asking: -$3,264/mo full cashflow at 20% down, 7.49% rate.

Works at $371,923 (53% under asking), or at 79% down.

Rent $3,725/mo from 10 leases of 3-bed houses within 2 mi ($3,525–$3,802).

Beds

3

Baths

2

Sqft

1,461

Year Built

1969

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2609993

This property is in Chula Vista (91911). Browse neighborhood analytics →

Virtual Tour

About This Property

Completely Renovated Single-Level Home with Over $150,000 in Recent Improvements! This beautifully updated, move-in ready home showcases quality upgrades throughout. The designer kitchen features shaker-style cabinetry, stunning waterfall quartz countertops, a large center island with breakfast bar seating, frosted glass accent cabinets, a custom glass tile backsplash, and a premium Café stainless steel appliance package including a six-burner gas range and refrigerator. The open floor plan is enhanced by new luxury vinyl plank flooring, recessed LED lighting, new baseboards, interior doors, hardware, fixtures, and fresh interior and exterior paint. Both bathrooms have been completely remodeled with designer finishes, including tile flooring, quartz countertops, new vanities, updated lighting and fixtures, and a beautifully finished walk-in shower with stone surround. Additional major improvements include a new roof, new air conditioning system, new furnace, all new ductwork, new sliding glass doors, and plantation shutters throughout. Step outside to your own private backyard retreat featuring lush tropical landscaping, mature palms, a charming thatched-roof gazebo, a covered patio, raised planter beds, and an expansive lawn perfect for entertaining, relaxing, children, or pets. A natural flagstone walkway adds to the resort-style feel, while the extra-wide driveway offers potential RV parking. The detached double-door shed is equipped with electricity and air conditioning, making it ideal as a workshop, home office, gym, hobby room, or potential future ADU conversion (buyer to verify). This is a rare opportunity to own a home where nearly every major improvement has already been completed, allowing you to simply move in and enjoy.

Mortgage Calculator

Est. Monthly Payment

$5,470

Principal & Interest$4,443
Property Tax$795
Insurance$232
%($159,000)
%
Loan Term

Location

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Investment Score

38B
Est. Monthly Rent
$3,725

10 leases of 3-bed houses within 2 mi · $3,525–$3,802

Blended 50/50 with the zip's market median ($3,840)

Monthly Cashflow

Rent − PITIA

-$1,745
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,264

What would make this work?

$3,264/mo short at 20% down; 79% down or +$4,239/mo rent closes it.

Break-even price

53% under asking

$371,923
Break-even rent

$4,239/mo above the estimate

$7,964/mo
Cashflow at 35% down
−$2,431/mo
Down payment to break even

$628,050 cash

79%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,443
Cap Rate
2.06%
Cash-on-Cash
-24.63%
DSCR

Need ≥ 1.25 for DSCR loan

0.68

NOI (Annual)
$16,380
Price-to-Rent

Lower = better for investors

17.8

* 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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BCashflow−$3,264/mo