1850 Illion St
Dbottom 20%San Diego, CA 92110
Pass at asking: -$15,857/mo full cashflow at 20% down, 7.43% rate.
Works at $685,328 (75% under asking); even all cash loses money at asking.
Rent $6,836/mo from 9 leases of 3–5 bed houses within 1 mi ($6,488–$7,565).
Beds
4
Baths
3.5
Sqft
3,008
Year Built
2025
Days on Market
0
Property Type
Single Family
HOA/mo
N/A
MLS ID
260026539SD
This property is in San Diego (92110). View neighborhood stats →
About This Property
NEW CONSTRUCTION!! Beautiful Bay Park "Beach Chic" Home featuring panoramic views & warm, contemporary styling! Welcome to this stunning 3,008 sq. ft. residence that blends luxury, comfort, and spectacular views. Perched in a premier location, the expansive rooftop deck showcases sweeping vistas stretching from USD, Point Loma, the Bay and Ocean, all the way to Mount Soledad--an entertainer's dream setting. The primary suite is a true retreat, featuring a spacious walk-in closet, sunset-centric patio, spa-like soaking tub, and an oversized shower. Upstairs, you'll also find three additional bedrooms, including another with its own en-suite bath, plus a generous laundry room for convenience. At the heart of the home, the chef's kitchen shines with an 48" Z-line cooktop and double oven with elegant gold accents. Built in double wide refrigerator, a walk-in pantry, crisp white cabinetry, wine fridge, and huge island with beautiful quartz counters--designed for both style and function. Accordion doors off the living and dining areas seamlessly blend the indoor and outdoor covered patio and private backyard. Thoughtful details throughout include soft close cabinets, wine fridge, epoxy garage floors, OWNED SOLAR, 10' high ceilings, and a spacious, open floor plan. This residence offers a rare combination of indoor-outdoor living, upscale amenities, and panoramic San Diego views--making it the perfect place to call home.
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Est. Monthly Payment
$18,829
Location
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Comparable Properties
5 comps foundThis Property
$6,836
Comp Average
$6,778
2690 Cowley Way
4bd / 4ba · 2,137 sqft · Single Family
$1.84M
Est. $6,442/mo
4542 Milton Street
4bd / 3ba · 2,131 sqft · Single Family
$1.80M
Est. $6,148/mo
2861 Burgener
5bd / 4.5ba · 2,788 sqft · Single Family
$2.45M
Est. $7,018/mo
2164 Tokalon Street
5bd / 3ba · 3,272 sqft · Single Family
$2.83M
Est. $7,528/mo
4930 September St
4bd / 3.5ba · 2,872 sqft · Single Family
$3.50M
Est. $6,754/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of 3–5 bed houses within 1 mi · $6,488–$7,565
Blended 50/50 with the zip's market median ($6,475)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$15,857/mo short at 20% down; +$20,594/mo rent closes it.
- Break-even price
- $685,328
- Break-even rent
- $27,430/mo
- Cashflow at 35% down
- −$12,993/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
75% under asking
$20,594/mo above the estimate
Negative even all-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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