3020 Cowley Way
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3020 Cowley Way #305

B

San Diego, CA 92117

$608,000

Soft Appraisal Value: $600,100 · 1.3% above estimate

Beds

2

Baths

1

Sqft

814

Year Built

1986

Days on Market

9

Property Type

Condo

HOA/mo

$445

MLS ID

260015028SD

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

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About This Property

**** Garage Included ****Low Initial Payments**** 3/2/1/ Buy Down Available****Residence 305* presents a rare opportunity to own a beautifully renovated two-bedroom residence, top floor Vaulted Ceilings This highly sought-after corner unit offers exceptional privacy with only one neighboring side, while its light-filled interior creates an inviting and airy atmosphere throughout. Designed to embrace effortless coastal living, the open-concept floor plan seamlessly connects the kitchen, dining, and living areas—ideal for both everyday comfort and entertaining. Expansive windows invite in natural light and coastal breezes, enhancing the home’s bright and welcoming feel. Thoughtfully updated with modern finishes, this residence offers a clean, contemporary aesthetic paired with functional design. The spacious layout provides flexibility and comfort, making it well-suited for a variety of lifestyles. The Heights at Bay Park is a charming and intimate community featuring a quaint pool and barbecue area—perfect for relaxing or gathering with friends and neighbors. Ideally located, residents enjoy close proximity to freeway access, the bay, beaches, scenic walking and hiking trails, shopping, dining, and all that San Diego has to offer. 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, program details directly with Lender.

Mortgage Calculator

Est. Monthly Payment

$4,305

Principal & Interest$3,074
Property Tax$608
Insurance$177
HOA$445
%($121,600)
%

Location

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Investment Score

35C
Est. Monthly Rent
$2,939
Monthly Cashflow

Rent − PITIA

$-1,365
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,548

Mortgage (P+I)
$3,074
Cap Rate
1.04%
Cash-on-Cash
-25.14%
DSCR

Need ≥ 1.25 for DSCR loan

0.68
Break-even Rent
$6,248

NOI (Annual)
$6,316
Price-to-Rent

Lower = better for investors

17.2

* 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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