1638 Palm Avenue
Atop 10%National City, CA 91950
Pass at asking: -$2,148/mo full cashflow at 20% down, 7.43% rate.
Works at $355,253 (44% under asking), or at 69% down.
Rent $3,544/mo from 9 leases of 3-bed houses within 2 mi ($3,078–$3,452).
Beds
3
Baths
2
Sqft
994
Year Built
1955
Days on Market
—
Property Type
Single Family
HOA/mo
N/A
MLS ID
PTP2608282
This property is in National City (91950). Browse neighborhood analytics →
About This Property
Turnkey Corner-Lot Property with Income Potential! This beautifully maintained home sits on a prime corner lot and is completely move-in ready. The main residence boasts a brand-new modern kitchen with fresh appliances, new paint, durable laminate flooring throughout, and central air conditioning. Enjoy seamless outdoor living with a private covered patio, fully enclosed by a decorative fence and secure gate. The property also features gated parking that comfortably accommodates up to three vehicles. An exceptional bonus is a 1-bedroom studio featuring its own full kitchen, bathroom, and private entrance—perfect for generating extra rental cash flow or hosting extended family. Conveniently located just minutes from local shopping centers and offering quick freeway access. Live in one and rent the other—schedule your tour today!
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Est. Monthly Payment
$4,348
Location
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Zoned Schools
Elementary
Las Palmas · grades K-6 · National Elementary
Middle
Granger Junior High · grades 7-9 · Sweetwater Union High
High
Sweetwater 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 foundThis Property
$3,544
Comp Average
$3,222
527 K Ave.
3bd / 2ba · 1,028 sqft · Single Family
$649K
Est. $3,424/mo
2125 B Avenue
2bd / 1ba · 948 sqft · Single Family
$599K
Est. $3,055/mo
1418 17th Street
2bd / 1ba · 990 sqft · Single Family
$700K
Est. $3,290/mo
1810 Granger Avenue
4bd / 2ba · 1,032 sqft · Single Family
$775K
Est. $3,385/mo
1340 8th Street
2bd / 1ba · 1,072 sqft · Single Family
$725K
Est. $2,955/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of 3-bed houses within 2 mi · $3,078–$3,452
Blended 50/50 with the zip's market median ($3,646)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,148/mo short at 20% down; 69% down or +$2,790/mo rent closes it.
- Break-even price
- $355,253
- Break-even rent
- $6,334/mo
- Cashflow at 35% down
- −$1,487/mo
- Down payment to break even
- 69%
- Rate to break even
- Not reachable
44% under asking
$2,790/mo above the estimate
$438,150 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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