2815 Prospect Street
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2815 Prospect Street

Ctop 80%

National City, CA 91950

$1,100,000

Pass at asking: -$4,956/mo full cashflow at 20% down, 7.43% rate.

Works at $454,707 (59% under asking), or at 85% down.

Rent $4,536/mo from 21 leases of houses within 2 mi, size-adjusted ($4,215–$4,742).

Beds

7

Baths

6

Sqft

2,024

Year Built

1992

Days on Market

69

Property Type

Single Family

HOA/mo

N/A

MLS ID

PTP2606662

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

Virtual Tour

About This Property

Beautifully maintained home with circular driveway the goes around the home for accessing and exiting the property. As you enter the home through the enclosed porch you would see a spacious open concept of the living room that flows into the dining area and kitchen. The main house consists of three bedrooms two baths and laundry room. A combination of tile and bamboo flooring, AC and Solar Panels helps keeps the home cool in the hot summer days without the high electric bill. Garage conversion of bedroom with bath as well as two other rooms with their own bath, were done by previous owner in 1992 when the property was built Each unit have their own separate entrance and parking area. Long driveway has plenty of room to park more than ten cars. Plus more parking space under covered porch. Iron gates provides more security. Current owner has invested lots of work and money planting several fruit trees witch includes: Avocado, banana, papaya, nectarines, apricots, guavas, citrus, and tropical trees and more. Recycle water has been used for the irrigation system. There's also another room with its own separate entrance and bath that is being used by owners when they are in town. Front house is occupied by family at this time.

Mortgage Calculator

Est. Monthly Payment

$7,532

Principal & Interest$6,111
Property Tax$1,100
Insurance$321
%($220,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Lincoln Acres · grades PK-6 · National Elementary

  • Middle

    Granger Junior High · grades 7-9 · 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

16C
Est. Monthly Rent
$4,536

21 leases of houses within 2 mi, size-adjusted · $4,215–$4,742

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$2,996
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,956

What would make this work?

$4,956/mo short at 20% down; 85% down or +$6,436/mo rent closes it.

Break-even price

59% under asking

$454,707
Break-even rent

$6,436/mo above the estimate

$10,972/mo
Cashflow at 35% down
−$3,810/mo
Down payment to break even

$935,000 cash

85%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,111
Cap Rate
1.51%
Cash-on-Cash
-27.03%
DSCR

Need ≥ 1.25 for DSCR loan

0.60

NOI (Annual)
$16,582
Price-to-Rent

Lower = better for investors

20.2

* 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−$4,956/mo