2215 Dwight Street

2215 Dwight Street

Ctop 80%

San Diego, CA 92104

$950,000
STR-eligible · San Diego Tier 3 · TOT 12.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

98 licensed short-term rentals within ½ mile (62 whole home), from the cities' license and permit lists of Nov 7, 2026.

Pass at asking: -$4,710/mo full cashflow at 20% down, 7.43% rate.

Works at $336,786 (65% under asking), or at 92% down.

Rent $3,359/mo from 8 leases of 2-bed houses within 0.5 mi ($3,017–$3,505).

Beds

2

Baths

1

Sqft

796

Year Built

1925

Days on Market

—

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2609999

This property is in San Diego (92104). View neighborhood stats →

About This Property

Charming Spanish bungalow in one of North Park's most desirable locations. This 2 bedroom, 1 bathroom home offers 796 square feet of character with original architectural charm and a flexible detached single-car garage currently configured as additional interior living space with a dedicated laundry area. Ideally situated just blocks from Morley Field and the expansive trails and recreation of Balboa Park, with easy access to North Park's acclaimed restaurants, coffee shops, breweries, boutiques, and weekly farmers market. Enjoy quick access to Downtown, Hillcrest, South Park, and major freeways while living in one of San Diego's most walkable neighborhoods.

Mortgage Calculator

Est. Monthly Payment

$6,505

Principal & Interest$5,278
Property Tax$950
Insurance$277
%($190,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Jefferson Elementary · grades PK-5 · San Diego Unified

  • Middle

    Roosevelt International Middle · grades 6-8 · San Diego Unified

  • High

    San Diego High · grades 9-12 · San Diego Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

12C
Est. Monthly Rent
$3,359

8 leases of 2-bed houses within 0.5 mi · $3,017–$3,505

Blended 50/50 with the zip's market median ($3,498)

Monthly Cashflow

Rent − PITIA

-$3,146
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,710

What would make this work?

$4,710/mo short at 20% down; 92% down or +$6,117/mo rent closes it.

Break-even price

65% under asking

$336,786
Break-even rent

$6,117/mo above the estimate

$9,476/mo
Cashflow at 35% down
−$3,720/mo
Down payment to break even

$874,000 cash

92%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,278
Cap Rate
0.93%
Cash-on-Cash
-29.75%
DSCR

Need ≥ 1.25 for DSCR loan

0.52

NOI (Annual)
$8,829
Price-to-Rent

Lower = better for investors

23.6

* Modelled at 20% down, 7.43% 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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CCashflow−$4,710/mo