3098 Rue Dorleans
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3098 Rue Dorleans #325

B

San Diego, CA 92110

$699,000

Soft Appraisal Value: $671,300 · 4.1% above estimate

Beds

2

Baths

2

Sqft

1,250

Year Built

1980

Days on Market

47

Property Type

Condo

HOA/mo

$590

MLS ID

260011110SD

This property is in San Diego (92110). View neighborhood stats →

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About This Property

This spacious 2 bedroom 2 bath 1250 sqft top floor unit with oversized balcony and views of the SeaWorld fireworks is the perfect beach home. The unit has a large master bedroom with a large walk-in closet and additional storage as well as private hall to the master bathroom. The bedrooms are on opposite sides of the unit, and the home only has one shared wall with neighbors. The master bathroom is also spacious with an oversized shower. The home has an additional closet and a built in storage area in main hallway. as well as built-in storage area outside of second bathroom. The complex has a saltwater pool, hot tub, BBQ, his/her saunas, and a rec room to entertain by the pool. The updated home has an in-unit washer & dryer, A/C, 2 car side-by-side indoor gated parking spaces with an additional visitors parking spot. Ample outdoor storage with 2 storage closets off the balcony with built-in shelves for easy access. This amount of storage is rare in a condo. Enjoy your time here walking the trails, bird watching in the protected wetlands of the Famousa Slough just steps away. Located minutes from Ocean Beach, the airport, and Liberty Station with easy access to freeways. You'll love the beach living!

Mortgage Calculator

Est. Monthly Payment

$5,027

Principal & Interest$3,535
Property Tax$699
Insurance$204
HOA$590
%($139,800)
%

Location

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Investment Score

31C
Est. Monthly Rent
$3,481
Monthly Cashflow

Rent − PITIA

$-1,547
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,930

Mortgage (P+I)
$3,535
Cap Rate
1.04%
Cash-on-Cash
-25.15%
DSCR

Need ≥ 1.25 for DSCR loan

0.69
Break-even Rent
$7,286

NOI (Annual)
$7,258
Price-to-Rent

Lower = better for investors

16.7

* 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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