1507 40th #B
Btop 30%San Diego, CA 92113
18 licensed short-term rentals within ½ mile (9 whole home), from the cities' license and permit lists of Nov 13, 2026.
No unit in this 18-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.
Pass at asking: -$2,344/mo full cashflow at 20% down, 7.36% rate.
Works at $213,282 (59% under asking), or at 86% down.
Rent $2,662/mo from 21 leases of 2–4 bed condos & townhomes within 2 mi ($2,381–$2,716).
Beds
3
Baths
2
Sqft
900
Year Built
1997
Days on Market
84
Property Type
Townhouse
HOA/mo
$420
MLS ID
260020387SD
This property is in San Diego (92113). Browse neighborhood analytics →
About This Property
Turnkey 3BR/2BA single-story townhouse in a secure, gated complex! Completely remodeled with sleek new flooring, this unit lives like a detached home with no one above or below you. Features central AC, a private patio with individual laundry hookups, plus an on-site community laundry facility. Unbeatable parking setup includes a private carport plus a second assigned space right in front of the unit. Centrally located with immediate proximity to all Military Bases, public transportation and freeways. Perfect for an owner-occupant or a high-yielding rental property.
Mortgage Calculator
Est. Monthly Payment
$3,960
Location
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Zoned Schools
Elementary
Chavez Elementary · grades PK-5 · San Diego Unified
Middle
Knox Middle · grades 6-8 · San Diego Unified
High
Lincoln High · grades 9-12 · San Diego Unified
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
4 comps foundThis Property
$2,662
Comp Average
$2,650
4460 Delta St
2bd / 1ba · 914 sqft · Condo
$380K
Est. $2,620/mo
4416 Delta
2bd / 2ba · 1,056 sqft · Townhouse
$450K
Est. $2,824/mo
4489 Mayberry St
2bd / 1.5ba · 866 sqft · Townhouse
$420K
Est. $2,545/mo
211 47th Street
3bd / 2ba · 858 sqft · Condo
$450K
Est. $2,612/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
21 leases of 2–4 bed condos & townhomes within 2 mi · $2,381–$2,716
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,344/mo short at 20% down; 86% down or +$3,044/mo rent closes it.
- Break-even price
- $213,282
- Break-even rent
- $5,706/mo
- Cashflow at 35% down
- −$1,806/mo
- Down payment to break even
- 86%
- Rate to break even
- Not reachable
59% under asking
$3,044/mo above the estimate
$447,114 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% 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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