1817 Olive Green Street
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1817 Olive Green Street

Btop 30%

Chula Vista, CA 91913

$849,900
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: -$3,426/mo full cashflow at 20% down, 7.43% rate.

Works at $403,827 (52% under asking), or at 79% down.

Rent $4,314/mo from 9 leases of 3-bed houses within 2 mi ($4,469–$4,736).

Beds

3

Baths

2.5

Sqft

2,097

Year Built

2013

Days on Market

89

Property Type

Single Family

HOA/mo

$220

MLS ID

PTP2606218

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

Virtual Tour

About This Property

Seller offering a $10,000 credit toward buyer's interest rate buydown, subject to lender approval and terms of an accepted offer. Welcome home to this beautifully maintained 3-story residence in the sought-after Tapestry community of Otay Ranch. A fenced front courtyard and porch set the tone for the light-filled main-level living room with fireplace, which opens to a sleek kitchen featuring stainless steel appliances and a gas range before flowing seamlessly into a spacious dining area perfect for entertaining. A generous side yard adds outdoor living space rarely found in this floor plan. Upstairs, all three bedrooms, loft and the laundry room offer convenient one level living, including two full baths with dual sink vanities. The third level delivers a versatile oversized loft, ideal as a playroom, home office, or optional fourth bedroom. Central heat and air, wood, tile, and carpet flooring, tankless waterheater, tile roof, rain gutters, and a rear-facing 2-car attached garage round out the features. Enjoy resort style HOA amenities including a community pool, spa, BBQ area, clubhouse, and playground, all just steps from your door. Nearby top rated schools, neighborhood parks, and take advantage of quick access to SR-125 for an easy commute. Minutes to Otay Ranch Town Center for shopping, dining, and entertainment. Meticulously maintained and move-in ready, this is Otay Ranch living at its best.

Mortgage Calculator

Est. Monthly Payment

$6,039

Principal & Interest$4,722
Property Tax$850
Insurance$248
HOA$220
%($169,980)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Wolf Canyon 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

38B
Est. Monthly Rent
$4,314

9 leases of 3-bed houses within 2 mi · $4,469–$4,736

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,725
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,426

What would make this work?

$3,426/mo short at 20% down; 79% down or +$4,449/mo rent closes it.

Break-even price

52% under asking

$403,827
Break-even rent

$4,449/mo above the estimate

$8,763/mo
Cashflow at 35% down
−$2,541/mo
Down payment to break even

$671,421 cash

79%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,722
Cap Rate
2.13%
Cash-on-Cash
-24.19%
DSCR

Need ≥ 1.25 for DSCR loan

0.71

NOI (Annual)
$18,136
Price-to-Rent

Lower = better for investors

16.4

* 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−$3,426/mo