1951 47th Street #44
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1951 47th Street #44

Atop 10%

San Diego, CA 92102

$149,999
STR: check · park rules decide · TOT 12.75%

15 licensed short-term rentals within ½ mile (9 whole home), from the cities' license and permit lists of Nov 8, 2026.

Works at asking: +$551/mo full cashflow at 20% down, 7.43% rate.

Still breaks even up to $221,721 (48% above asking).

Rent $2,212/mo: zip market median for this bed count.

Beds

2

Baths

2

Sqft

1,040

Year Built

1967

Days on Market

45

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

NDP2608901

This property is in San Diego (92102). View neighborhood stats →

Virtual Tour

About This Property

AFFORDABLE SAN DIEGO LIVING IN A 55+ COMMUNITY! Discover exceptional value in this move-in-ready, fully REMODELED 2-bedroom, 2-bath home in Leisureland Mobile Villa. The spacious, functional floor plan feels larger than its square footage might suggest with its extra large master room, generously sized 2nd bedroom, two full bathrooms, California room, and an inviting kitchen that's perfect for everyday living and entertaining. Updated throughout with NEW interior and exterior paint, NEW flooring, NEW bathrooms, NEW countertops, and a NEW refrigerator. It's clean, fresh, and ready for you to move in. Best of all, NO PROPERTY TAXES! Buyer must be at least 55 years old and be approved by park management. Only one resident needs to be 55 or older, and additional residents can be 18+. That's a rare find among 55+ parks and perfect if you'd like to live with a younger spouse, partner, or adult child. The community is centrally located, adjacent to a dedicated natural “open space” and minutes from everything San Diego has to offer. Don't miss this chance to own an affordable, move-in-ready home!

Mortgage Calculator

Est. Monthly Payment

$1,027

Principal & Interest$833
Property Tax$150
Insurance$44
%($30,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Webster Elementary · grades PK-5 · San Diego Unified

  • Middle

    Millennial Tech Middle · grades 6-8 · San Diego Unified

  • High

    Lincoln High · grades 9-12 · San Diego Unified

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

$2,212

vs

Comp Average

$2,212

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

Investment Score

100A
Est. Monthly Rent
$2,212

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

+$1,185
Full Cashflow

Incl. vacancy, PM, maint, capex

+$551

What would make this work?

Cashflows +$551/mo at 20% down with every reserve funded.

Break-even price

48% above asking

$221,721
Break-even rent

Estimated rent already clears it

$1,497/mo
Cashflow at 35% down
+$707/mo
Down payment to break even

$0 cash

0%
Rate to break even

at 20% down

13.60%

Mortgage (P+I)
$833
Cap Rate
11.96%
Cash-on-Cash
22.04%
DSCR
2.15

NOI (Annual)
$17,938
Price-to-Rent

Lower = better for investors

5.7

* 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+$551/mo