221 Island Ave San Diego

221 Island Ave San Diego

D

, CA 92101

$725,000

Beds

2

Baths

2

Sqft

1,050

Year Built

1996

Days on Market

18

Property Type

Condo

HOA/mo

$45.42

MLS ID

260003624SD

View on MLS

Description

Seller will entertain offers btw $695K & $725K. Rarely does one of these Urban Loft condos designed by contemporary architect Jonathan Segal, last 2 bed sale was June 2021.A reflection on how well the property is maintained by long term & respectful owners.Dramatic floor to ceiling windows serve as a backdrop of this 2 story unit with 17ft ceilings Entry level bedroom & bathroom. Spiral staircase to Main bedroom suite.Outdoor patio for entertaining watching people stroll by on the way to the adjacent New Children's Museum or just a few blocks to Convention Center

Mortgage Calculator

Est. Monthly Payment

$4,648

Principal & Interest$3,666
Property Tax$725
Insurance$211
HOA$45
%($145,000)
%

Investment Score

12D
Est. Monthly Rent

Market Rent Estimate

$3,662
Monthly Cashflow

Rent − PITI − HOA

$-985
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,432

Mortgage (P+I)
$3,666
Cap Rate
2.04%
Cash-on-Cash
-8.16%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

1.00
Break-even Rent
$4,647

NOI (Annual)
$14,810
Price-to-Rent

Lower = better for investors

16.5

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

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