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2063 Lakeridge #101

Atop 10%

Chula Vista, CA 91913

$479,000

NEW — 0d

STR limited · Chula Vista residents only · TOT 10%

An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.

Pass at asking: -$1,886/mo full cashflow at 20% down, 7.49% rate.

Works at $234,524 (51% under asking), or at 77% down.

Rent $3,002/mo from 11 leases of 1–3 bed condos & townhomes within 0.5 mi, same school area ($3,104–$3,307).

Beds

Baths

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

Down Payment

%($95,800)

Interest Rate

Loan Term

Location

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Zoned Schools

Elementary
EastLake Elementary · grades K-6 · Chula Vista Elementary
Middle
Eastlake Middle · grades 7-8 · Sweetwater Union High
High
Eastlake 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

5 comps found

This Property

$3,002

Comp Average

$2,975

2035 Lakeridge Circle

2bd / 2ba · 1,045 sqft · Condo

$510K

Est. $3,040/mo

1298 Fools Gold

2bd / 2ba · 1,071 sqft · Condo

$549K

Est. $2,959/mo

2055 Lakeridge

2bd / 2ba · 1,045 sqft · Condo

$510K

Est. $2,907/mo

2011 Lakeridge Circle

2bd / 2ba · 1,045 sqft · Condo

$550K

Est. $3,040/mo

1333 Burgundy Drive

2bd / 2ba · 1,060 sqft · Condo

$600K

Est. $2,929/mo

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

Investment Score

55A

Est. Monthly Rent

$3,002

11 leases of 1–3 bed condos & townhomes within 0.5 mi, same school area · $3,104–$3,307

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

Monthly Cashflow

Rent − PITIA

-$797

Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,886

What would make this work?

$1,886/mo short at 20% down; 77% down or +$2,450/mo rent closes it.

Break-even price: $234,524
Break-even rent: $5,452/mo
Cashflow at 35% down: −$1,384/mo
Down payment to break even: 77%
Rate to break even: Not reachable

Mortgage (P+I)

$2,677

Cap Rate

2.36%

Cash-on-Cash

-23.63%

DSCR

Need ≥ 1.25 for DSCR loan

0.79

NOI (Annual)

$11,286

Price-to-Rent

Lower = better for investors

13.3

* 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−$1,886/mo