246 E 26th St

246 E 26th St

Btop 30%

National City, CA 91950

$775,000
NEW — 1d

Pass at asking: -$3,123/mo full cashflow at 20% down, 7.36% rate.

Works at $366,329 (53% under asking), or at 79% down.

Rent $3,636/mo from 13 leases of 2–4 bed houses within 2 mi ($3,537–$4,092).

Beds

3

Baths

2

Sqft

1,406

Year Built

1957

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260027053SD

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

About This Property

A super clean, large 3 car pass-through garage with roll-up doors at both ends and a compressor built into the wall. If you work on cars, run a trade or need real shop space, you won't find this setup often in National City. The rest of the home delivers, too. This single-story layout has 3 bedrooms plus a flexible bonus room for an office, gym or guest space. Slate floors run through the living areas, the kitchen has been updated, both bathrooms are remodeled, and central air keeps it comfortable year-round. The 5,110 square foot lot has room to spread out, and 1,406 square feet of living space is easy to furnish and maintain. Olivewood School, parks and everyday shopping are close, and the freeway puts Downtown San Diego, Naval Base San Diego and the bay within minutes.

Mortgage Calculator

Est. Monthly Payment

$5,277

Principal & Interest$4,276
Property Tax$775
Insurance$226
%($155,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Olivewood · grades K-6 · National Elementary

  • Middle

    National City Middle · grades 7-8 · 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

40B
Est. Monthly Rent
$3,636

13 leases of 2–4 bed houses within 2 mi · $3,537–$4,092

Blended 50/50 with the zip's market median ($3,682)

Monthly Cashflow

Rent − PITIA

-$1,641
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,123

What would make this work?

$3,123/mo short at 20% down; 79% down or +$4,056/mo rent closes it.

Break-even price

53% under asking

$366,329
Break-even rent

$4,056/mo above the estimate

$7,692/mo
Cashflow at 35% down
−$2,321/mo
Down payment to break even

$612,250 cash

79%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,276
Cap Rate
2.07%
Cash-on-Cash
-24.18%
DSCR

Need ≥ 1.25 for DSCR loan

0.69

NOI (Annual)
$16,016
Price-to-Rent

Lower = better for investors

17.8

* Modelled at 20% down, 7.36% 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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BCashflow−$3,123/mo