3127 Natchez Avenue

3127 Natchez Avenue

Ctop 80%

San Diego, CA 92117

$1,197,000
NEW — 1d

Pass at asking: -$6,578/mo full cashflow at 20% down, 7.49% rate.

Works at $344,261 (71% under asking), or at 99% down.

Rent $3,448/mo from 9 leases of 1–3 bed houses within 1 mi ($3,534–$3,835).

Beds

2

Baths

2

Sqft

1,125

Year Built

1953

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026070SD

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

About This Property

Spectacular move in ready Bay Park home! This charming home is located on a quiet cul de sac street with privacy and no neighbor behind. Includes 2 bedrooms 2 baths 1,125 square feet of living space. This home has been lovingly maintained with approx $120,000 in upgrades. Remodeling includes a beautiful kitchen remodel with granite counters, custom cabinetry and stainless steel appliances, a front bathroom remodel, new copper plumbing throughout the house, dual pane windows and sliders, white plantation shutter window coverings, french doors, ceiling fans, a Roof replacement, Central AC unit, backyard remodel with lush trees, and a front yard low maintenance landscape remodel. The newest upgrades include new interior swiss coffee paint and new luxury light oak vinyl plank flooring throughout. This home has great development potential and is Zoned R2 with alley access. Add a second story for Bay views or add an ADU. Come see! Bay Park is highly desirable and centrally located minutes to Mission Bay for walking, biking, or enjoying a picnic under the San Diego sunshine. Minutes to Restaurants, shops and breweries in Bay Park. Easy access to I-5.

Mortgage Calculator

Est. Monthly Payment

$8,235

Principal & Interest$6,689
Property Tax$1,197
Insurance$349
%($239,400)
%
Loan Term

Location

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Investment Score

3C
Est. Monthly Rent
$3,448

9 leases of 1–3 bed houses within 1 mi · $3,534–$3,835

Blended 50/50 with the zip's market median ($3,119)

Monthly Cashflow

Rent − PITIA

-$4,787
Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,578

What would make this work?

$6,578/mo short at 20% down; 99% down or +$8,542/mo rent closes it.

Break-even price

71% under asking

$344,261
Break-even rent

$8,542/mo above the estimate

$11,990/mo
Cashflow at 35% down
−$5,323/mo
Down payment to break even

$1,185,030 cash

99%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,689
Cap Rate
0.28%
Cash-on-Cash
-32.97%
DSCR

Need ≥ 1.25 for DSCR loan

0.42

NOI (Annual)
$3,406
Price-to-Rent

Lower = better for investors

28.9

* Modelled at 20% down, 7.49% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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CCashflow−$6,578/mo