207 5th Avenue
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207 5th Avenue #444

C

San Diego, CA 92101

$215,000
NEW — 0d

Beds

1

Baths

1

Sqft

431

Year Built

2008

Days on Market

0

Property Type

Condo

HOA/mo

$897

MLS ID

NDP2604218

This property is in San Diego (92101). View neighborhood stats →

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About This Property

Amazing price and rarely available 4th floor unit which gives you direct access to panoramic views plus all the action at the pool, spa, cabanas, and San Diego's best rooftop bar. This is a true hands off real estate investment opportunity. Plus you can get treated like Rock Star Royalty thanks to a private concierge as an owner at the iconic and ideally situated Hard Rock Hotel in the Gaslamp near the Convention Center and Comic Con. Make some great income without the hassle of being a landlord. Collect monthly income and let the Hard Rock handle all the guest bookings, advertising, room cleanings, etc. All furnishings included so you are up and running and ready for guests as soon as escrow closes. Enjoy the benefit of staying yourself or your friends up to 28 days per year. Easily walk to the pool on the same floor so you have the best access. Gaslamp, Petco Park, Comic-con, Seaport Village, world-famous Nobu Restaurant, Rady Shell, and more are all at your doorstep. Perks include 24 hour access to the business center, concierge, and gym(just 1 floor down), fast wi-fi, valet parking, EV charging stations, discounts around town, etc. You and your guests will love staying in your uniquely decorated suite which features a larger floorplan than the studios which includes a separate living area with lounge seating, signature Hard Rock king bed, multi-media system, walk-in glass shower with rainfall showerhead, fully-stocked Minibar, and two 47" flat screen TVs. Great option for a 1031 exchange or your first real estate rental property.

Mortgage Calculator

Est. Monthly Payment

$2,262

Principal & Interest$1,087
Property Tax$215
Insurance$63
HOA$897
%($43,000)
%

Location

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Investment Score

36C
Est. Monthly Rent
$1,398
Monthly Cashflow

Rent − PITIA

$-864
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,365

Mortgage (P+I)
$1,087
Cap Rate
-1.55%
Cash-on-Cash
-38.09%
DSCR

Need ≥ 1.25 for DSCR loan

0.62
Break-even Rent
$3,171

NOI (Annual)
$-3,332
Price-to-Rent

Lower = better for investors

12.8

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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