2656 Villas Way
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2656 Villas Way

Ctop 80%

San Diego, CA 92108

$915,000
STR: check · no permits in this complex · TOT 12.75%

1 licensed short-term rental within ½ mile (1 whole home), from the cities' license and permit lists of Nov 9, 2026.

No unit in this 36-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.

Pass at asking: -$3,870/mo full cashflow at 20% down, 7.43% rate.

Works at $411,146 (55% under asking), or at 81% down.

Rent $4,518/mo from 8 leases of 3-bed houses within 1 mi ($4,440–$4,734).

Beds

3

Baths

2.5

Sqft

1,425

Year Built

2004

Days on Market

47

Property Type

Single Family

HOA/mo

$321

MLS ID

260023380SD

This property is in San Diego (92108). View neighborhood stats →

Virtual Tour

About This Property

Seller will consider a 2-1 buydown. Enjoy the privacy of a detached home with the convenience of resort-style community living! Located within the gated Escala community, this 3-bedroom, 2.5-bath detached condo offers approximately 1,425 square feet of living space with no shared walls, a private outdoor patio, and an attached two-car garage. Inside, a thoughtfully designed floor plan features inviting living spaces, a cozy fireplace, new carpeting, updated recessed LED lighting, and central air conditioning. The private patio extends the living space outdoors, providing an ideal setting for dining, entertaining, or simply relaxing. Residents of Escala enjoy an exceptional collection of resort-style amenities, including swimming pools, spas, a fitness center, tennis courts, a clubhouse, playground, dog park, and beautifully maintained grounds. Centrally located in San Diego's Mission Valley neighborhood, this home offers convenient access to shopping, dining, Fashion Valley, Snapdragon Stadium, major freeways, and San Diego's beautiful beaches. Whether you're looking for a primary residence, second home, or a low-maintenance San Diego property, 2656 Villas Way offers a compelling combination of privacy, comfort, and community amenities in one of Mission Valley's most convenient locations.

Mortgage Calculator

Est. Monthly Payment

$6,586

Principal & Interest$5,083
Property Tax$915
Insurance$267
HOA$321
%($183,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Juarez Elementary · grades K-5 · San Diego Unified

  • Middle

    Taft Middle · grades 6-8 · San Diego Unified

  • High

    Kearny Digital Media & Design · grades 9-12 · San Diego Unified

    or Kearny School of Biomedical Science and Technology · grades 9-12 · San Diego Unified

    or Kearny College Connections · grades 9-12 · San Diego Unified

    or Kearny Eng Innov & Design · grades 9-12 · San Diego Unified

    Choice area: the district lets families here pick either school.

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

30C
Est. Monthly Rent
$4,518

8 leases of 3-bed houses within 1 mi · $4,440–$4,734

Blended 50/50 with the zip's market median ($4,501)

Monthly Cashflow

Rent − PITIA

-$2,068
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,870

What would make this work?

$3,870/mo short at 20% down; 81% down or +$5,026/mo rent closes it.

Break-even price

55% under asking

$411,146
Break-even rent

$5,026/mo above the estimate

$9,544/mo
Cashflow at 35% down
−$2,917/mo
Down payment to break even

$741,150 cash

81%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,083
Cap Rate
1.89%
Cash-on-Cash
-25.38%
DSCR

Need ≥ 1.25 for DSCR loan

0.69

NOI (Annual)
$17,271
Price-to-Rent

Lower = better for investors

16.9

* 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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CCashflow−$3,870/mo