2963 38th Street
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2963 38th Street

B

San Diego, CA 92105

$649,900
NEW — 2d

Soft Appraisal Value: $649,100 · 0.1% above estimate

Beds

2

Baths

1

Sqft

700

Year Built

1956

Days on Market

2

Property Type

Single Family

HOA/mo

N/A

MLS ID

PTP2605206

This property is in San Diego (92105). View neighborhood stats →

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About This Property

Turn-key and move-in ready! This beautifully maintained home features an updated kitchen with quartz countertops, newer cabinetry, stainless steel appliances, and contemporary finishes. Additional improvements include newer dual-pane windows, a newer roof, and a newer water heater, providing both style and peace of mind. Situated on a R-2 zoned lot, this property offers outstanding flexibility and future potential. The spacious backyard with convenient alley access provides endless possibilities for entertaining, gardening, RV parking, or the potential to add an ADU or additional unit. This move-in-ready home is an exceptional opportunity for both homeowners and investors alike. Don't miss this opportunity!

Mortgage Calculator

Est. Monthly Payment

$4,126

Principal & Interest$3,286
Property Tax$650
Insurance$190
%($129,980)
%

Location

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Investment Score

43C
Est. Monthly Rent
$2,924
Monthly Cashflow

Rent − PITIA

$-1,202
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,416

Mortgage (P+I)
$3,286
Cap Rate
1.61%
Cash-on-Cash
-22.31%
DSCR

Need ≥ 1.25 for DSCR loan

0.71
Break-even Rent
$6,062

NOI (Annual)
$10,440
Price-to-Rent

Lower = better for investors

18.5

* 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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