3321 Cheyenne
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3321 Cheyenne

Ctop 80%

San Diego, CA 92117

$1,399,000
NEW — 0d
STR-eligible · San Diego Tier 3 · TOT 12.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

35 licensed short-term rentals within ½ mile (15 whole home), from the cities' license and permit lists of Nov 5, 2026.

Pass at asking: -$7,126/mo full cashflow at 20% down, 7.49% rate.

Works at $475,128 (66% under asking), or at 93% down.

Rent $4,760/mo from 10 leases of 2–4 bed houses within 1 mi ($4,107–$5,295).

Beds

3

Baths

2

Sqft

1,469

Year Built

1953

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026340SD

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

About This Property

Extensively updated single-family home on a 6,200 sq ft lot with ADU potential, in Bay Park just minutes from Mission Bay. This 3-bedroom, 2-bath residence offers 1,469 square feet of bright, open living space with both bathrooms fully remodeled, new LVP flooring in the bedrooms, and a primary bedroom walk-in closet. The major updates are already done for you, including a new roof, an 11.2 kW Tesla solar system with three Powerwalls, a 200A main panel upgrade, an EV charger, a new water heater, and central AC with a Nest thermostat. Step outside to a huge, fully remodeled backyard featuring a hard-lined gas fire pit, perfect for entertaining, along with a completely redone front yard, both with irrigation on timers. The generous lot offers room to add an ADU for rental income, multigenerational living, or a home office (buyer to verify with the City). The finished garage with built-in workbench and new garage door adds everyday function. Close to the beach, local restaurants, coffee shops, and shopping, this move-in-ready home combines modern efficiency with a prime coastal location.

Mortgage Calculator

Est. Monthly Payment

$9,625

Principal & Interest$7,818
Property Tax$1,399
Insurance$408
%($279,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Toler Elementary · grades PK-5 · San Diego Unified

  • Middle

    Marston Middle · grades 6-8 · San Diego Unified

  • High

    Clairemont High · grades 9-12 · San Diego Unified

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

8C
Est. Monthly Rent
$4,760

10 leases of 2–4 bed houses within 1 mi · $4,107–$5,295

Blended 50/50 with the zip's market median ($4,761)

Monthly Cashflow

Rent − PITIA

-$4,865
Full Cashflow

Incl. vacancy, PM, maint, capex

-$7,126

What would make this work?

$7,126/mo short at 20% down; 93% down or +$9,254/mo rent closes it.

Break-even price

66% under asking

$475,128
Break-even rent

$9,254/mo above the estimate

$14,014/mo
Cashflow at 35% down
−$5,660/mo
Down payment to break even

$1,301,070 cash

93%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$7,818
Cap Rate
0.80%
Cash-on-Cash
-30.56%
DSCR

Need ≥ 1.25 for DSCR loan

0.49

NOI (Annual)
$11,164
Price-to-Rent

Lower = better for investors

24.5

* 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.

Open Full Calculator
CCashflow−$7,126/mo