1298 Fools Gold #1
1 / 20

1298 Fools Gold #1

Atop 10%

Chula Vista, CA 91913

$549,000
STR limited · Chula Vista residents only · TOT 10%

An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.

Pass at asking: -$2,177/mo full cashflow at 20% down, 7.43% rate.

Works at $265,597 (52% under asking), or at 78% down.

Rent $2,959/mo from 1 lease in this building.

Beds

2

Baths

2

Sqft

1,071

Year Built

2005

Days on Market

177

Property Type

Condo

HOA/mo

$239

MLS ID

260011935SD

This property is in Chula Vista (91913). Browse neighborhood analytics →

Virtual Tour

About This Property

Welcome to this beautifully updated complex. This 2-bedroom, 2-bath end-unit condo is located in the highly desirable community of Otay Ranch. Filled with natural light from an abundance of windows, this light & bright home offers an open and inviting floor plan with stylish new vinyl plank flooring throughout. The remodeled kitchen is designed to impress with white shaker cabinetry featuring pull-out drawers, quartz countertops, custom tile backsplash, pantry cabinet, stainless steel appliances including the refrigerator & a convenient eat-at bar perfect for casual dining or entertaining. The spacious primary suite includes two closets & an en-suite bathroom with dual sinks, creating a comfortable private retreat. Indoor laundry includes a washer & dryer for added convenience. Enjoy the privacy of an end unit along with your own private balcony to relax and unwind. Additional features include a 1-car garage plus an additional assigned parking space. The community offers its own pool, spa & lounging area, while residents also enjoy access to the incredible Otay Ranch master-planned amenities including a heated lap pool, spa, basketball courts, parks, playgrounds & clubhouse with BBQ areas. Conveniently located near shopping, restaurants & easy freeway access, this home combines comfort, style & an unbeatable lifestyle.

Mortgage Calculator

Est. Monthly Payment

$3,998

Principal & Interest$3,050
Property Tax$549
Insurance$160
HOA$239
%($109,800)
%
Loan Term

Location

Loading map...

Zoned Schools

  • Elementary

    McMillin (Corky) Elementary · grades K-6 · Chula Vista Elementary

  • Middle

    Rancho del Rey Middle · grades 7-8 · Sweetwater Union High

  • High

    Olympian 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.

Investment Score

51A
Est. Monthly Rent
$2,959

1 lease in this building

Blended 50/50 with a property-level estimate

Thin data: only 1 lease behind this number.

Monthly Cashflow

Rent − PITIA

-$1,039
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,177

What would make this work?

$2,177/mo short at 20% down; 78% down or +$2,827/mo rent closes it.

Break-even price

52% under asking

$265,597
Break-even rent

$2,827/mo above the estimate

$5,786/mo
Cashflow at 35% down
−$1,605/mo
Down payment to break even

$428,220 cash

78%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,050
Cap Rate
2.23%
Cash-on-Cash
-23.79%
DSCR

Need ≥ 1.25 for DSCR loan

0.74

NOI (Annual)
$12,251
Price-to-Rent

Lower = better for investors

15.5

* 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.

Open Full Calculator
ACashflow−$2,177/mo