3020 Cowley Way
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3020 Cowley Way

B

San Diego, CA 92117

$439,000
NEW — 1d

Soft Appraisal Value: $435,000 · 0.9% above estimate

Beds

1

Baths

1

Sqft

607

Year Built

1986

Days on Market

1

Property Type

Condo

HOA/mo

$544

MLS ID

260017123SD

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

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About This Property

Low Initial Payments**** 3/2/1/ Buy Down Available****Residence 302* High Ceilings - a rare opportunity to buy at a lower interest rate for the first 3 years! top floor Vaulted Ceilings This highly sought-after bright unit offers exceptional privacy, 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

$3,331

Principal & Interest$2,220
Property Tax$439
Insurance$128
HOA$544
%($87,800)
%

Location

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Investment Score

39C
Est. Monthly Rent
$2,296
Monthly Cashflow

Rent − PITIA

$-1,035
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,929

Mortgage (P+I)
$2,220
Cap Rate
0.80%
Cash-on-Cash
-26.36%
DSCR

Need ≥ 1.25 for DSCR loan

0.69
Break-even Rent
$4,801

NOI (Annual)
$3,493
Price-to-Rent

Lower = better for investors

15.9

* 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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