1925 Otay Lakes Road #57
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1925 Otay Lakes Road #57

Atop 10%

Chula Vista, CA 91913

$239,000

Pass at asking: -$139/mo full cashflow at 20% down, 7.43% rate.

Works at $221,022 (8% under asking), or at 29% down.

Rent $2,204/mo: zip market median for this bed count.

Beds

2

Baths

2

Sqft

1,350

Year Built

1972

Days on Market

66

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

PTP2606778

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

Virtual Tour

About This Property

55/45+ COMMUNITY<<<MOVE-IN READY>>> Welcome to one of the most desirable Mobile Home Parks in all of Chula Vista. Located right in the heart of Eastlake, tucked away in a premium hidden location, this 55+ Senior Park is exceptionally maintained, neighbor-friendly and only a few minutes to all shopping and dining. Enjoy Costco, Target, Trader Joes, Sprouts, Cheesecake Factory, iHOP and so much more, all within just a few miles! This beautifully renovated home offers 2 bedrooms, 2 full bathrooms with walk-in showers in each, a gourmet kitchen with custom soft-close cabinetry and drawers, vinyl plank flooring throughout, beautiful quartz island with decorative pendant lighting, dual-pane windows throughout, ceiling fans in all rooms and recessed lighting too. Inside the kitchen area you have a laundry closet with a full-size washer and dryer and additional storage. The extra treat with this home is the ENCLOSED SUNROOM off the living room which can be used as an extra bedroom, a home office, sewing/craft room or just some great additional storage space. You have an oversized carport with an added side awning, enough space for two cars. A storage shed is located outback for tools, bicycles, hobbies, gardening supplies or extra household items. Very low maintenance outdoor space includes a large side yard AND backyard. Located close to one of the guest parking lots too, so your visitors can park close by. Otay Lakes Lodge offers a sparkling swimming pool, a well-appointed clubhouse for events and gatherings, a billiards room and is pet friendly, too. Don't miss your opportunity to purchase a MOVE-IN ready home in this desirable park. The chirping birds, the lack of noise and the cleanliness of this park are only a few benefits you will enjoy while living in the community. Don't miss your opportunity to purchase a MOVE-IN ready home in this desirable park

Mortgage Calculator

Est. Monthly Payment

$1,636

Principal & Interest$1,328
Property Tax$239
Insurance$70
%($47,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Tiffany (Burton C.) Elementary · grades K-6 · Chula Vista Elementary

  • Middle

    Bonita Vista Middle · grades 7-8 · Sweetwater Union High

  • High

    Bonita Vista Senior 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

1 comp found

This Property

$2,204

vs

Comp Average

$2,204

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

91A
Est. Monthly Rent
$2,204

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

+$567
Full Cashflow

Incl. vacancy, PM, maint, capex

-$139

What would make this work?

$139/mo short at 20% down; 29% down or +$180/mo rent closes it.

Break-even price

8% under asking

$221,022
Break-even rent

$180/mo above the estimate

$2,384/mo
Cashflow at 35% down
+$110/mo
Down payment to break even

$69,310 cash

29%
Rate to break even

at 20% down

6.34%

Mortgage (P+I)
$1,328
Cap Rate
6.52%
Cash-on-Cash
-3.49%
DSCR
1.35

NOI (Annual)
$15,589
Price-to-Rent

Lower = better for investors

9.0

* 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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ACashflow−$139/mo