3140 Midway Drive A102

3140 Midway Drive A102

A

San Diego, CA 92106

$440,000
NEW — 1d

Beds

2

Baths

2

Sqft

760

Year Built

1980

Days on Market

1

Property Type

Condo

HOA/mo

$480

MLS ID

NDP2606820

This property is in San Diego (92106). View neighborhood stats →

About This Property

Welcome to this inviting ground-floor condo in the heart of the Midway District, offering one of the community's most desirable floor plans and locations. Featuring two spacious primary bedroom suites positioned on opposite sides of the home for added privacy, one suite also enjoys its own direct access from the oversized private patio, a unique feature not found with the upper-level units. The open living area includes granite countertops, recessed lighting, ceramic tile and bamboo flooring, and newer dual-pane windows and elegant French doors that bring in natural light and refreshing coastal breezes. Recent updates include fresh interior paint, new carpet in the secondary bedroom, three new wall heaters, a new range hood, new garbage disposal, and a new in-unit washer and dryer. An attic fan adds to the home's comfort and energy efficiency. The gated community offers secured lobby access, a pool, spa, and is currently undergoing extensive exterior improvements, adding to its long-term appeal. Ideally located just minutes from beaches, Mission Bay, Point Loma, Downtown San Diego, Old Town, the airport, shopping, dining, and major freeways, this home offers exceptional convenience in one of San Diego's most accessible neighborhoods.

Mortgage Calculator

Est. Monthly Payment

$3,273

Principal & Interest$2,225
Property Tax$440
Insurance$128
HOA$480
%($88,000)
%

Comparable Properties

1 comp found

This Property

$2,860

vs

Comp Average

$3,106

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

60A
Est. Monthly Rent
$2,860
Monthly Cashflow

Rent − PITIA

$-413
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,437

Mortgage (P+I)
$2,225
Cap Rate
2.15%
Cash-on-Cash
-19.60%
DSCR

Need ≥ 1.25 for DSCR loan

0.87
Break-even Rent
$4,727

NOI (Annual)
$9,450
Price-to-Rent

Lower = better for investors

12.8

* 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.

Get Expert AnalysisOpen Full Calculator