244 26th St
Btop 30%San Diego, CA 92102
Pass at asking: -$2,953/mo full cashflow at 20% down, 7.43% rate.
Works at $294,433 (57% under asking), or at 83% down.
Rent $2,937/mo from 13 leases of 1–3 bed houses within 1 mi ($2,660–$3,023).
Beds
2
Baths
2
Sqft
900
Year Built
1953
Days on Market
0
Property Type
Single Family
HOA/mo
N/A
MLS ID
260026527SD
This property is in San Diego (92102). View neighborhood stats →
About This Property
Complete remodel! 2-bedroom, 2-bath home with a gated driveway and carport! Only minutes from the Convention Center, Naval Base San Diego, and Gaslamp Quarter! One bedroom on the main floor and one bedroom upstairs with views of the Coronado Bridge and Downtown. Brand new custom kitchen, new kitchen cabinets, new elegant quartz counter-tops, new stove hood, new appliances, and small laundry closet. 2 small bathrooms one with a shower and one with a tub. Perfect starter features energy efficient heating and air conditioning, new paint inside and out, wall cladding, new LVP flooring, new light fixtures and doors. Fully fenced corner lot, a covered tandem carport makes parking a breeze. Move-in ready. Minutes to downtown and freeways. Do not miss! Walking and biking distance to Petco Park, Gaslamp, Convention Center and Marina.
Mortgage Calculator
Est. Monthly Payment
$4,649
Location
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Comparable Properties
5 comps foundThis Property
$2,937
Comp Average
$2,910
3990 Broadway
2bd / 1ba · 822 sqft · Single Family
$575K
Est. $2,867/mo
1014 40th St
3bd / 1ba · 912 sqft · Single Family
$680K
Est. $3,012/mo
928 42nd Street
3bd / 1ba · 868 sqft · Single Family
$690K
Est. $2,853/mo
2007 Coronado Avenue
2bd / 1ba · 768 sqft · Single Family
$860K
Est. $2,758/mo
2834 L Street
2bd / 1ba · 970 sqft · Single Family
$975K
Est. $3,061/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
13 leases of 1–3 bed houses within 1 mi · $2,660–$3,023
Blended 50/50 with the zip's market median ($2,978)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,953/mo short at 20% down; 83% down or +$3,836/mo rent closes it.
- Break-even price
- $294,433
- Break-even rent
- $6,773/mo
- Cashflow at 35% down
- −$2,246/mo
- Down payment to break even
- 83%
- Rate to break even
- Not reachable
57% under asking
$3,836/mo above the estimate
$563,570 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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