1642 7th San Diego

1642 7th San Diego

D

, CA 92101

$499,000

Beds

1

Baths

1

Sqft

888

Year Built

2004

Days on Market

27

Property Type

Condo

HOA/mo

$634.47

MLS ID

260002771SD

Description

Welcome home to The Mills atop of beautiful Cortez Hill! This spacious corner VA and FHA approved unit features new carpet, updated kitchen with newer black stainless steel appliances, and stackable in-unit washer and dryer. Smart-home upgrades include Google Nest keyless entry, smart thermostat, and integrated fire alarms. The home also features a balcony with views of Balboa Park and the bay. Building amenities include underground garage parking, fully equipped fitness center, private storage unit, additional street parking permits, and access to the historic Mills House clubhouse. The location is perfect for an active lifestyle. Minutes from Balboa Park, Little Italy, Bankers Hill, Gaslamp, Petco Park, the Embarcadero, and the airport. Walk to restaurants, the farmer's market, concerts, entertainment, and outdoor recreation—while still feeling tucked away from downtown’s hustle! With all this at your fingertips, this home is a must see!

Mortgage Calculator

Est. Monthly Payment

$3,802

Principal & Interest$2,523
Property Tax$499
Insurance$146
HOA$634
%($99,800)
%

Investment Score

8D
Est. Monthly Rent

Market Rent Estimate

$2,817
Monthly Cashflow

Rent − PITI − HOA

$-986
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,049

Mortgage (P+I)
$2,523
Cap Rate
1.14%
Cash-on-Cash
-11.85%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

1.12
Break-even Rent
$3,803

NOI (Annual)
$5,685
Price-to-Rent

Lower = better for investors

14.8

* Defaults: 20% down, 6.5% rate, 30yr.

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