2463 Rancho Drive

2463 Rancho Drive

A

San Diego, CA 92115

$720,000

Beds

3

Baths

2

Sqft

1,185

Year Built

1948

Days on Market

24

Property Type

Single Family

HOA/mo

N/A

MLS ID

PTP2604718

This property is in San Diego (92115). View neighborhood stats →

About This Property

Opportunity awaits in the desirable Paradise Hills Plaza area! This property is ready for a buyer with vision, creativity, and a little sweat equity. Bring your imagination and unlock the potential this home and expansive lot have to offer. Situated on an R-2 zoned lot, the property offers ample space and exciting potential for an ADU, multigenerational living, or additional income opportunities. Buyer to verify all uses and development requirements. Conveniently located near shopping, dining, schools, and major transportation routes. Don’t miss the chance to transform this property into something truly special!

Mortgage Calculator

Est. Monthly Payment

$4,571

Principal & Interest$3,641
Property Tax$720
Insurance$210
%($144,000)
%

Investment Score

58B
Est. Monthly Rent
$3,960
Monthly Cashflow

Rent − PITIA

$-611
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,122

Mortgage (P+I)
$3,641
Cap Rate
2.53%
Cash-on-Cash
-17.68%
DSCR

Need ≥ 1.25 for DSCR loan

0.87
Break-even Rent
$6,715

NOI (Annual)
$18,230
Price-to-Rent

Lower = better for investors

15.2

* 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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