124 Madison Avenue
Ctop 80%Chula Vista, CA 91910
Pass at asking: -$3,183/mo full cashflow at 20% down, 7.43% rate.
Works at $310,430 (57% under asking), or at 84% down.
Rent $3,097/mo from 16 leases of 2–4 bed houses within 2 mi ($2,822–$3,113).
Beds
3
Baths
2
Sqft
958
Year Built
1925
Days on Market
105
Property Type
Single Family
HOA/mo
N/A
MLS ID
PTP2605644
This property is in Chula Vista (91910). Browse neighborhood analytics →
About This Property
Welcome to this charming 3-bedroom, 2-bath Spanish-style home situated on a spacious 6,951-square-foot lot in a prime Chula Vista location. Completely remodeled in 2020, the home offers a bright, open-concept floor plan featuring dual-pane windows, vinyl flooring, an updated kitchen and renovated bathrooms. The converted garage provides additional flexible space that can be utilized as a bonus room, home office, gym, playroom etc. Zoned R-3, the expansive yard presents exciting possibilities for an ADU, pool or future development, subject to city approval. Ideally located near the heart of Downtown Chula Vista and historic Third Avenue, with convenient access to popular dining, coffee shops, breweries, shopping, parks and major freeways. Whether you are searching for a move-in-ready home, additional space or long-term investment potential, this unique property offers endless possibilities in one of Chula Vista’s most desirable and centrally located communities.
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Est. Monthly Payment
$4,964
Location
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Zoned Schools
Elementary
Feaster (Mae L.) Charter · grades K-8 · Chula Vista Elementary
Middle
Chula Vista Middle · grades 7-8 · Sweetwater Union High
High
Chula Vista Senior High · grades 9-12 · Sweetwater Union High
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
3 comps foundThis Property
$3,097
Comp Average
$3,299
152 First Ave
3bd / 1.5ba · 1,090 sqft · Single Family
$675K
Est. $3,306/mo
572 Vance St
3bd / 2ba · 1,196 sqft · Single Family
$790K
Est. $3,245/mo
137 Millan Street
3bd / 1.5ba · 982 sqft · Single Family
$825K
Est. $3,345/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
16 leases of 2–4 bed houses within 2 mi · $2,822–$3,113
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,183/mo short at 20% down; 84% down or +$4,134/mo rent closes it.
- Break-even price
- $310,430
- Break-even rent
- $7,231/mo
- Cashflow at 35% down
- −$2,428/mo
- Down payment to break even
- 84%
- Rate to break even
- Not reachable
57% under asking
$4,134/mo above the estimate
$609,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% 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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