1240 India St.
Btop 30%San Diego, CA 92101
Pass at asking: -$3,127/mo full cashflow at 20% down, 7.43% rate.
Works at $381,916 (52% under asking), or at 78% down.
Rent $4,944/mo from 6 leases in this building ($4,584–$5,237).
Beds
2
Baths
2
Sqft
1,253
Year Built
2003
Days on Market
0
Property Type
Condo
HOA/mo
$874
MLS ID
260026524SD
This property is in San Diego (92101). View neighborhood stats →
About This Property
PRICE IMPROVEMENT This third-floor CORNER UNIT at TREO features high ceilings and floor-to-ceiling corner windows that fill the open living and dining area with natural light. Enjoy two bedrooms, two full baths, and a HIGHLY coveted bonus room with space for a home office, playroom, mini gym, media room, or extra storage. Hardwood floors run throughout, and the kitchen features quartz countertops. Custom window treatments, a Nest thermostat, and a primary suite with room for a king-size bed complete the home. Life in the Columbia District means Saturday mornings at the Little Italy Farmers' Market, afternoons along the waterfront, and evenings at a Padres game or a concert at The Rady Shell. The brand-new Whole Foods is nearby, and TREO offers a pool, spa, fitness center, BBQ courtyard, resident lounge, 24-hour concierge, and secure package room.
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Est. Monthly Payment
$6,276
Location
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Comparable Properties
5 comps foundThis Property
$4,944
Comp Average
$4,632
510 1st Ave
2bd / 2ba · 1,245 sqft · Condo
$799K
Est. $6,269/mo
645 Front Street
2bd / 2ba · 1,259 sqft · Condo
$800K
Est. $4,962/mo
1750 Kettner Blvd
2bd / 2.5ba · 1,270 sqft · Condo
$845K
Est. $3,975/mo
1441 9th Ave
2bd / 2ba · 1,253 sqft · Condo
$849K
Est. $4,013/mo
1441 9th Avenue
2bd / 2ba · 1,251 sqft · Condo
$855K
Est. $3,941/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
6 leases in this building · $4,584–$5,237
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,127/mo short at 20% down; 78% down or +$4,061/mo rent closes it.
- Break-even price
- $381,916
- Break-even rent
- $9,005/mo
- Cashflow at 35% down
- −$2,305/mo
- Down payment to break even
- 78%
- Rate to break even
- Not reachable
52% under asking
$4,061/mo above the estimate
$615,420 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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