2063 Lakeridge 101

2063 Lakeridge 101

Atop 10%

Chula Vista, CA 91913

$479,000

Pass at asking: -$1,901/mo full cashflow at 20% down, 7.49% rate.

Works at $232,553 (51% under asking), or at 77% down.

Rent $2,983/mo from 12 leases of 1–3 bed condos & townhomes within 0.5 mi ($3,063–$3,304).

Beds

2

Baths

2

Sqft

1,045

Year Built

1989

Days on Market

—

Property Type

Condo

HOA/mo

$503

MLS ID

260026276SD

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

About This Property

Welcome to this spacious 2 bed, 2 bath residence in the desirable Camelot community of Eastlake. Designed with a sought-after dual-suite layout, each bedroom features its own ensuite bath, offering added privacy and flexibility. The open floor plan provides comfortable living and entertaining spaces, while the private patio creates the perfect spot to relax and enjoy the outdoors. Added convenience with in-unit laundry. Ideally located close to the community pool, residents also enjoy an array of Eastlake amenities including multiple pools, a clubhouse, boating and paddle boats, a man-made beach, volleyball, walking paths, tennis and pickleball courts. The HOA includes water, trash, and common area maintenance. Conveniently located near schools, shopping, dining, and freeway access, this home offers an easy lifestyle in one of Eastlake's most established communities.

Mortgage Calculator

Est. Monthly Payment

$3,798

Principal & Interest$2,677
Property Tax$479
Insurance$140
HOA$503
%($95,800)
%
Loan Term

Location

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Investment Score

55A
Est. Monthly Rent
$2,983

12 leases of 1–3 bed condos & townhomes within 0.5 mi · $3,063–$3,304

Blended 50/50 with the zip's market median ($2,761)

Monthly Cashflow

Rent − PITIA

-$816
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,901

What would make this work?

$1,901/mo short at 20% down; 77% down or +$2,469/mo rent closes it.

Break-even price

51% under asking

$232,553
Break-even rent

$2,469/mo above the estimate

$5,452/mo
Cashflow at 35% down
−$1,399/mo
Down payment to break even

$368,830 cash

77%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,677
Cap Rate
2.32%
Cash-on-Cash
-23.81%
DSCR

Need ≥ 1.25 for DSCR loan

0.79

NOI (Annual)
$11,099
Price-to-Rent

Lower = better for investors

13.4

* Modelled at 20% down, 7.49% 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−$1,901/mo