19 Balsam
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19 Balsam

Btop 30%

National City, CA 91950

$584,900

Pass at asking: -$2,328/mo full cashflow at 20% down, 7.36% rate.

Works at $280,270 (52% under asking), or at 78% down.

Rent $2,782/mo from 8 leases of 2-bed houses within 2 mi ($2,240–$2,993).

Beds

2

Baths

1

Sqft

859

Year Built

1930

Days on Market

142

Property Type

Single Family

HOA/mo

N/A

MLS ID

SW26136807

This property is in National City (91950). Browse neighborhood analytics →

About This Property

Back on market at no fault to seller. Step into timeless charm at 19 Balsam Drive, a delightful Spanish-style bungalow nestled in the heart of National City. Built in 1930, this character-filled residence showcases the warmth and architectural appeal that make Spanish homes so beloved, blending vintage charm with everyday comfort.This home has 2 bedrooms, 1 bathroom, and 859 square feet of living space, the home features an inviting layout filled with natural light and classic details that reflect its historic character. Situated on a 2,682-square-foot lot, the property has a private outdoor space perfect for relaxing, gardening, or enjoying Southern California's year-round sunshine. Ideally located just minutes from Naval Base San Diego, this home presents an excellent opportunity for military personnel, first-time buyers, or investors seeking a property in a convenient and desirable location. Enjoy easy access to shopping, dining, schools, parks, and major transportation routes, all while residing in a neighborhood rich with history and community appeal. Whether you're drawn to its authentic Spanish architecture, cozy living spaces, or unbeatable location, 19 Balsam Drive is a rare opportunity to own a piece of National City's enduring charm.

Mortgage Calculator

Est. Monthly Payment

$3,983

Principal & Interest$3,227
Property Tax$585
Insurance$171
%($116,980)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Central Elementary · grades K-6 · National Elementary

  • Middle

    National City Middle · grades 7-8 · 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.

Investment Score

49B
Est. Monthly Rent
$2,782

8 leases of 2-bed houses within 2 mi · $2,240–$2,993

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,201
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,328

What would make this work?

$2,328/mo short at 20% down; 78% down or +$3,024/mo rent closes it.

Break-even price

52% under asking

$280,270
Break-even rent

$3,024/mo above the estimate

$5,806/mo
Cashflow at 35% down
−$1,723/mo
Down payment to break even

$456,222 cash

78%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,227
Cap Rate
2.13%
Cash-on-Cash
-23.88%
DSCR

Need ≥ 1.25 for DSCR loan

0.70

NOI (Annual)
$12,455
Price-to-Rent

Lower = better for investors

17.5

* Modelled at 20% down, 7.36% 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−$2,328/mo