2247 2247 Prospect
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2247 2247 Prospect

Dbottom 20%

National City, CA 91950

$1,599,000

Pass at asking: -$9,482/mo full cashflow at 20% down, 7.43% rate.

Works at $364,466 (77% under asking); even all cash loses money at asking.

Rent $3,635/mo from 22 leases of 2–4 bed houses within 2 mi ($3,405–$3,822).

Beds

3

Baths

1

Sqft

1,300

Year Built

1959

Days on Market

49

Property Type

Single Family

HOA/mo

N/A

MLS ID

260023062SD

This property is in National City (91950). Browse neighborhood analytics →

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About This Property

Rare opportunity to own a detached 3-bedroom home with four additional income-producing units on an approximately 28,000 SF (.64-acre) lot in National City. The separate 3-bedroom residence offers the privacy and feel of a single-family home, while the four additional residential units provide substantial rental income and long-term investment potential. An ideal setup for an owner-occupant looking to offset housing costs with rental income, a multi-generational buyer, or an investor seeking multiple income streams on one property. The property consists of five total residential units across four separate buildings, offering separation and privacy not typically found in a multi-unit property. Current rents are below projected market levels, providing meaningful upside as units turn over. Generous lot size, ample parking and multiple outdoor areas add to the property's flexibility and appeal. Live in the detached 3-bedroom home and let the additional four units help pay for the property, or maximize the income potential of the entire asset.

Mortgage Calculator

Est. Monthly Payment

$10,948

Principal & Interest$8,883
Property Tax$1,599
Insurance$466
%($319,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Lincoln Acres · grades PK-6 · National Elementary

  • Middle

    Granger Junior High · grades 7-9 · Sweetwater Union High

  • High

    Sweetwater High · grades 9-12 · Sweetwater Union High

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

0D
Est. Monthly Rent
$3,635

22 leases of 2–4 bed houses within 2 mi · $3,405–$3,822

Blended 50/50 with the zip's market median ($3,644)

Monthly Cashflow

Rent − PITIA

-$7,313
Full Cashflow

Incl. vacancy, PM, maint, capex

-$9,482

What would make this work?

$9,482/mo short at 20% down; +$12,314/mo rent closes it.

Break-even price

77% under asking

$364,466
Break-even rent

$12,314/mo above the estimate

$15,949/mo
Cashflow at 35% down
−$7,816/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$8,883
Cap Rate
-0.31%
Cash-on-Cash
-35.58%
DSCR

Need ≥ 1.25 for DSCR loan

0.33

NOI (Annual)
-$5,002
Price-to-Rent

Lower = better for investors

36.7

* 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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DCashflow−$9,482/mo