221 Island Ave

221 Island Ave #503

A

San Diego, CA 92101

$725,000

Soft Appraisal Value: $558,300 · 29.9% above estimate

Beds

2

Baths

2

Sqft

1,050

Year Built

1996

Days on Market

40

Property Type

Condo

HOA/mo

$45.42

MLS ID

260003624SD

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

About This Property

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)
%

Location

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Investment Score

63A
Est. Monthly Rent
$4,250
Monthly Cashflow

Rent − PITIA

$-397
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,979

Mortgage (P+I)
$3,666
Cap Rate
2.79%
Cash-on-Cash
-16.38%
DSCR

Need ≥ 1.25 for DSCR loan

0.91
Break-even Rent
$6,820

NOI (Annual)
$20,243
Price-to-Rent

Lower = better for investors

14.2

* 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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