2850 Reynard Way
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2850 Reynard Way #30

A

San Diego, CA 92103

$499,000
NEW — 1d

Soft Appraisal Value: $492,000 · 1.4% above estimate

Beds

2

Baths

1

Sqft

726

Year Built

1976

Days on Market

1

Property Type

Condo

HOA/mo

$447

MLS ID

PTP2604621

This property is in San Diego (92103). View neighborhood stats →

About This Property

Seen it before? Look again. This is a rare sub-$500K foot-in-the-door to one of San Diego's most walkable, sought-after central pockets, ideally situated between Bankers Hill, Hillcrest, Little Italy, and Mission Hills. It's the kind of address people pay a premium to reach. Here's your chance to get in. Live the city the way it's meant to be lived: morning coffee around the corner, Saturday at the Little Italy Mercato, dinner and cocktails in Hillcrest, an afternoon in Balboa Park, or down at the waterfront - all on foot. And when work takes you out of town, you're through airport security in minutes, not hours. This is low-maintenance living for people who'd rather spend their weekends out than be tied to a yard. Inside, the home is light, bright, and freshly painted, with an open layout, a spacious primary bedroom, a private balcony, an in-unit washer and dryer, and an updated kitchen with stainless steel appliances. The gated community offers two assigned parking spaces (one covered) - a genuine luxury in this neighborhood - and the HOA covers water, sewer, trash, and landscaping, so your monthly costs are simple and your time stays yours. FHA and VA approved. As a bonus that future-proofs the home, the federally funded Quieter Home Program is scheduled to install a new exterior door, triple-pane windows, and sliding glass doors later this year (at no cost to the owner) for quieter, more energy-efficient, more comfortable living for years to come. Central location. Secured parking. Move-in ready. Unbeatable price. The best value in 92103 just got even better - and at this number, it won't wait.

Mortgage Calculator

Est. Monthly Payment

$3,615

Principal & Interest$2,523
Property Tax$499
Insurance$146
HOA$447
%($99,800)
%

Location

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Investment Score

47B
Est. Monthly Rent
$2,746
Monthly Cashflow

Rent − PITIA

$-869
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,917

Mortgage (P+I)
$2,523
Cap Rate
1.46%
Cash-on-Cash
-23.05%
DSCR

Need ≥ 1.25 for DSCR loan

0.76
Break-even Rent
$5,235

NOI (Annual)
$7,279
Price-to-Rent

Lower = better for investors

15.1

* 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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