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1622 Gila Ct #168
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1622 Gila Ct #168

Btop 30%

Chula Vista, CA 91915

$710,000
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: -$2,762/mo full cashflow at 20% down, 7.43% rate.

Works at $350,385 (51% under asking), or at 77% down.

Rent $3,883/mo from 13 leases of 2–4 bed condos & townhomes within 0.5 mi ($3,538–$3,783).

Beds

3

Baths

3.5

Sqft

1,581

Year Built

2008

Days on Market

50

Property Type

Condo

HOA/mo

$299

MLS ID

PTP2607123

This property is in Chula Vista (91915). Browse neighborhood analytics →

Virtual Tour

About This Property

Checkout this well-designed condo in the Winding Walk Eastlake priced in range of $699,000 - $710,000. The home offers an open-concept layout with plenty of natural light, plantation shutters, newer washer/dryer and comfortable living spaces. Newer roof has just recently installed. Enjoy the convenience of a direct-access garage with a first floor bedroom and full bath. Community amenities, including a pool and spa. Conveniently located near shopping and dining just a couple minutes walk to Otay Ranch Town Center parks, and public transportation, with easy access to nearby freeways. A great opportunity to enjoy low-maintenance living in Eastlake Chula Vista.

Mortgage Calculator

Est. Monthly Payment

$5,160

Principal & Interest$3,944
Property Tax$710
Insurance$207
HOA$299
%($142,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Camarena (Enrique S.) Elementary · grades K-6 · Chula Vista Elementary

  • Middle

    Eastlake 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.

Comparable Properties

5 comps found

This Property

$3,883

vs

Comp Average

$3,565

3002 Bravo Loop

3002 Bravo Loop

3bd / 2ba · 1,433 sqft · Condo

$650K

Est. $3,650/mo

2076 Tango Loop

2076 Tango Loop

3bd / 2.5ba · 1,495 sqft · Condo

$710K

Est. $3,650/mo

2024 Foxtrot Loop

2024 Foxtrot Loop

3bd / 2.5ba · 1,384 sqft · Condo

$699K

Est. $3,521/mo

2021 Bravo Loop

2021 Bravo Loop

3bd / 2ba · 1,433 sqft · Condo

$700K

Est. $3,614/mo

2126 Celestial Way

2126 Celestial Way

2bd / 2.5ba · 1,475 sqft · Condo

$675K

Est. $3,391/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

47B
Est. Monthly Rent
$3,883

13 leases of 2–4 bed condos & townhomes within 0.5 mi · $3,538–$3,783

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,277
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,762

What would make this work?

$2,762/mo short at 20% down; 77% down or +$3,587/mo rent closes it.

Break-even price

51% under asking

$350,385
Break-even rent

$3,587/mo above the estimate

$7,470/mo
Cashflow at 35% down
−$2,023/mo
Down payment to break even

$546,700 cash

77%
Rate to break even

Negative even at a 0% loan

Not reachable
Mortgage (P+I)
$3,944
Cap Rate
2.33%
Cash-on-Cash
-23.34%
DSCR

Need ≥ 1.25 for DSCR loan

0.75
NOI (Annual)
$16,517
Price-to-Rent

Lower = better for investors

15.2

* 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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BCashflow−$2,762/mo