3140 2nd Street
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3140 2nd Street

Btop 30%

National City, CA 91950

$810,000

Pass at asking: -$3,125/mo full cashflow at 20% down, 7.43% rate.

Works at $403,068 (50% under asking), or at 76% down.

Rent $4,021/mo from 9 leases of 2–4 bed houses within 1 mi ($3,676–$4,176).

Beds

3

Baths

2

Sqft

1,565

Year Built

1959

Days on Market

172

Property Type

Single Family

HOA/mo

N/A

MLS ID

PTP2603955

This property is in National City (91950). Browse neighborhood analytics →

Virtual Tour

About This Property

Beautifully remodeled 3-bedroom, 2 bath home with a stunning hillside view from the living room. This home features a new roof, new flooring, and updated bathrooms and kitchen. Enjoy the natural breeze and peaceful setting while still being conveniently located near popular restaurants, shopping and freeway access. Spacious 2 car garage and a great location to make this your home.

Mortgage Calculator

Est. Monthly Payment

$5,546

Principal & Interest$4,500
Property Tax$810
Insurance$236
%($162,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Ira Harbison · grades K-6 · National Elementary

  • Middle

    Granger Junior High · grades 7-9 · Sweetwater Union High

  • High

    Sweetwater High · grades 9-12 · Sweetwater Union High

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

43B
Est. Monthly Rent
$4,021

9 leases of 2–4 bed houses within 1 mi · $3,676–$4,176

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,525
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,125

What would make this work?

$3,125/mo short at 20% down; 76% down or +$4,058/mo rent closes it.

Break-even price

50% under asking

$403,068
Break-even rent

$4,058/mo above the estimate

$8,079/mo
Cashflow at 35% down
−$2,281/mo
Down payment to break even

$615,600 cash

76%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,500
Cap Rate
2.34%
Cash-on-Cash
-23.15%
DSCR

Need ≥ 1.25 for DSCR loan

0.73

NOI (Annual)
$18,915
Price-to-Rent

Lower = better for investors

16.8

* Modelled at 20% down, 7.43% 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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BCashflow−$3,125/mo