3020 Cowley Way
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3020 Cowley Way #104

C

San Diego, CA 92117

$469,000
NEW — 2d

Soft Appraisal Value: $493,000 · 4.9% below estimate

Beds

1

Baths

1

Sqft

607

Year Built

1986

Days on Market

2

Property Type

Condo

HOA/mo

$445

MLS ID

260012215SD

This property is in San Diego (92117). View neighborhood stats →

About This Property

Value-priced opportunity *** 3/2/1 buy down available***The Heights at Bay Park, located along the community’s quiet garden area with a peaceful, tucked-away feel. This fully renovated residence offers an open-concept layout designed for easy everyday living, with brand-new appliances, new flooring, updated finishes, and thoughtful attention to detail throughout. The kitchen opens naturally to the living and dining areas, creating a bright, comfortable space for relaxing, entertaining, or working from home. Fresh interior finishes give the home a clean, modern feel, while the garden-side location adds a sense of privacy and calm within the community. The Heights at Bay Park offers a quaint pool, low HOA dues, and a convenient central San Diego location close to shopping, dining, neighborhood services, the local library, public transportation options, Mission Bay, beaches, downtown, and major commuter routes. Enjoy quick access to everything San Diego has to offer while coming home to a quieter residential setting. Seller is offering a 3-2-1 interest rate buydown opportunity through Seller’s preferred lender for qualified buyers, subject to lender approval, underwriting guidelines, loan program requirements, and final terms. Not all buyers or loan programs may qualify. Buyer to verify eligibility, costs, and program details directly with Seller’s preferred lender. A great opportunity for buyers seeking a renovated home, central location, and value pricing in Bay Park.

Mortgage Calculator

Est. Monthly Payment

$3,422

Principal & Interest$2,372
Property Tax$469
Insurance$137
HOA$445
%($93,800)
%

Location

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Investment Score

38C
Est. Monthly Rent
$2,298
Monthly Cashflow

Rent − PITIA

$-1,125
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,044

Mortgage (P+I)
$2,372
Cap Rate
0.84%
Cash-on-Cash
-26.15%
DSCR

Need ≥ 1.25 for DSCR loan

0.67
Break-even Rent
$4,952

NOI (Annual)
$3,932
Price-to-Rent

Lower = better for investors

17.0

* 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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