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223 31st

223 31st

A

San Diego, CA 92102

$449,000
NEW — 0d

Soft Appraisal Value: $465,800 · 3.6% below estimate

Beds

2

Baths

1

Sqft

746

Year Built

2008

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260015521SD

This property is in San Diego (92102). View neighborhood stats →

About This Property

ATTENTION INVESTORS, BUILDERS & FLIPPERS! Extreme fixer opportunity in the heart of San Diego (92102). This detached 2-bed, 1-bath property sits on a 3,398 sq ft lot with highly desirable RM-3-7 zoning, offering massive potential for development, an ADU addition, or a complete top-to-bottom rehab. Property is being sold completely AS-IS.

Mortgage Calculator

Est. Monthly Payment

$2,850

Principal & Interest$2,270
Property Tax$449
Insurance$131
%($89,800)
%

Location

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Comparable Properties

5 comps found

This Property

$2,801

vs

Comp Average

$2,102

3029 Broadway

3029 Broadway

2bd / 1ba · 484 sqft · Condo

$370K

Est. $2,096/mo

335 34th

335 34th

2bd / 2ba · 912 sqft · Condo

$485K

Est. $2,713/mo

3029 Broadway

3029 Broadway

1bd / 1ba · 484 sqft · Condo

$395K

Est. $1,968/mo

2960 Broadway

2960 Broadway

1bd / 1ba · 504 sqft · Condo

$299K

Est. $1,737/mo

2960 Broadway

2960 Broadway

1bd / 1ba · 504 sqft · Condo

$415K

Est. $1,997/mo

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

Investment Score

75A
Est. Monthly Rent
$2,801
Monthly Cashflow

Rent − PITIA

$-49
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,068
Mortgage (P+I)
$2,270
Cap Rate
3.21%
Cash-on-Cash
-14.27%
DSCR

Need ≥ 1.25 for DSCR loan

0.98
Break-even Rent
$4,188
NOI (Annual)
$14,431
Price-to-Rent

Lower = better for investors

13.4

* 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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