242 22nd St

242 22nd St

B

San Diego, CA 92102

$699,000

Beds

2

Baths

3

Sqft

1,680

Year Built

1942

Days on Market

Property Type

Single Family

HOA/mo

N/A

MLS ID

260017253SD

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

About This Property

Potential awaits! Centrally located Sherman Heights 2homes on 1 lot. This fixer is waiting for your ideas and renovations. Front home with attached garage conversion is 3bed 1.5 bath. In addition, detached studio unit with full kitchen and private bath is perfect for extra income or extended family. Also there is a sitting room off the patio and backyard shed, great for storage. Open courtyard in back offers a great outdoor space with passionfruit, guavas, and mature trees. Conveniently located just minutes from Downtown San Diego, Balboa Park, major freeways, shopping, dining, and entertainment, this is a rare value-add opportunity in a highly desirable central San Diego location. Bring your vision and transform this property into something truly special. Buyer and Buyer's Agent to verify all information prior to the close of escrow. Information deemed reliable but not guaranteed.

Mortgage Calculator

Est. Monthly Payment

$4,437

Principal & Interest$3,535
Property Tax$699
Insurance$204
%($139,800)
%

Investment Score

43C
Est. Monthly Rent
$3,187
Monthly Cashflow

Rent − PITIA

$-1,251
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,566

Mortgage (P+I)
$3,535
Cap Rate
1.66%
Cash-on-Cash
-22.03%
DSCR

Need ≥ 1.25 for DSCR loan

0.72
Break-even Rent
$6,520

NOI (Annual)
$11,622
Price-to-Rent

Lower = better for investors

18.3

* 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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