2620 2nd Ave San Diego

2620 2nd Ave San Diego

D

, CA 92103

$789,000

Beds

2

Baths

2

Sqft

1,327

Year Built

1971

Days on Market

21

Property Type

Condo

HOA/mo

$880

MLS ID

260003203SD

Description

Bankers Hill light and bright 2-bedroom 2-bath condo with 1,327 square feet and 2 secure parking spots. This condo has recently updated flooring, a built-in Murphy bed in the 2nd bedroom, and is on the 7th floor with a spacious exterior deck for lounging and fabulous views. Located close to Balboa Park, Hillcrest, Little Italy, downtown San Diego, restaurants, and shopping. The complex has a large clubhouse, workout rooms, an elevator, and a pool.

Mortgage Calculator

Est. Monthly Payment

$5,889

Principal & Interest$3,990
Property Tax$789
Insurance$230
HOA$880
%($157,800)
%

Investment Score

22D
Est. Monthly Rent

Market Rent Estimate

$5,206
Monthly Cashflow

Rent − PITI − HOA

$-683
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,537

Mortgage (P+I)
$3,990
Cap Rate
2.21%
Cash-on-Cash
-5.19%
DSCR
1.30
Break-even Rent
$5,889

NOI (Annual)
$17,425
Price-to-Rent

Lower = better for investors

12.6

* Defaults: 20% down, 6.5% rate, 30yr.

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