2281 Fairfield Street
Ctop 80%San Diego, CA 92110
Pass at asking: -$6,152/mo full cashflow at 20% down, 7.43% rate.
Works at $498,857 (62% under asking), or at 89% down.
Rent $4,976/mo from 12 leases of 2–4 bed houses within 1 mi ($4,204–$5,192).
Beds
3
Baths
2
Sqft
1,335
Year Built
1956
Days on Market
0
Property Type
Single Family
HOA/mo
N/A
MLS ID
260026543SD
This property is in San Diego (92110). View neighborhood stats →
About This Property
Experience the best of Southern California coastal living in this charming single-story ranch-style bungalow, ideally situated in a quiet, highly desirable Bay Park neighborhood. Just a short stroll from breathtaking panoramic views of Mission Bay and the Pacific Ocean, this inviting home offers the perfect blend of coastal charm, timeless character, and convenience. Filled with natural light, the home features an expansive living room highlighted by beautiful exposed ceiling beams, oversized windows, and original hardwood flooring, creating a warm and inviting atmosphere that showcases the home's classic architectural character. The property retains much of its original charm and distinctive details, complemented by practical improvements including fully paid solar, an upgraded electrical panel, recently painted board-and-batten siding, and vinyl windows. The home's outdoor spaces are equally impressive, featuring low-maintenance xeriscaped front and backyards, mature landscaping, and a spacious, private backyard ideal for entertaining, relaxing, or enjoying San Diego's year-round coastal climate. The charming front courtyard welcomes you with brick pavers, raised garden beds, distinctive architectural details, and a private entry that adds character and curb appeal. Additional highlights include an oversized two-car garage with ample storage for beach gear, bicycles, and recreational equipment, along with generous additional parking. Enjoy an exceptional coastal lifestyle with nearby schools within walking distance and convenient access to Mission Bay, Old Town, SeaWorld, Presidio Park, Bird Rock Coffee Roasters, neighborhood restaurants, popular breakfast spots, and local attractions--all just a short walk, bike ride, or drive away. Tucked away in a peaceful residential neighborhood, yet conveniently located near San Diego's most popular coastal destinations, this Bay Park gem presents a wonderful opportunity to own a home rich in original character and architectural charm. With its spacious indoor and outdoor living areas, desirable location, and classic California bungalow appeal, this property offers an inviting setting to enjoy the relaxed coastal lifestyle that makes Bay Park so special.
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Est. Monthly Payment
$8,901
Location
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Comparable Properties
5 comps foundThis Property
$4,976
Comp Average
$4,941
2251 Chicago Street
3bd / 2ba · 1,477 sqft · Single Family
$1.20M
Est. $4,989/mo

5858 Riley St
3bd / 1ba · 1,066 sqft · Single Family
$1.10M
Est. $4,355/mo
3911 California Street
3bd / 2ba · 1,157 sqft · Single Family
$1.35M
Est. $4,823/mo
2570 Burgener Boulevard
3bd / 1.5ba · 1,350 sqft · Single Family
$1.50M
Est. $5,245/mo
3027 Wing Street
3bd / 2ba · 1,542 sqft · Single Family
$1.59M
Est. $5,291/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
12 leases of 2–4 bed houses within 1 mi · $4,204–$5,192
Blended 50/50 with the zip's market median ($5,296)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$6,152/mo short at 20% down; 89% down or +$7,990/mo rent closes it.
- Break-even price
- $498,857
- Break-even rent
- $12,966/mo
- Cashflow at 35% down
- −$4,798/mo
- Down payment to break even
- 89%
- Rate to break even
- Not reachable
62% under asking
$7,990/mo above the estimate
$1,156,911 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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