3412 Dorchester dr

3412 Dorchester dr

Ctop 80%

San Diego, CA 92123

$1,249,999
NEW — 1d

Pass at asking: -$6,065/mo full cashflow at 20% down, 7.49% rate.

Works at $463,840 (63% under asking), or at 90% down.

Rent $4,646/mo from 8 leases of 2–4 bed houses within 1 mi ($4,321–$5,032).

Beds

3

Baths

3

Sqft

1,680

Year Built

1960

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026068SD

This property is in San Diego (92123). View neighborhood stats →

About This Property

Welcome to 3410-3412 Dorchester, a beautifully renovated 3 bed and 2 bath single-family home with a newly completed and permitted 443 square foot Junior ADU! Offering exceptional flexibility for multigenerational living, rental income, or an owner-occupant looking to offset their mortgage, this property combines designer finishes with extensive improvements to the home's major systems. Enjoy peace of mind with all-new electrical wiring and panel, a new roof, new main plumbing line, and a new mini-split heating and cooling system! Both residences feature stunning alabaster slim shaker cabinetry, pearl Bedrosian tile backsplashes, Taj Mahal quartz countertops, and brand-new appliances, including refrigerators, dishwashers, microwaves, and ranges. Each unit also offers separate laundry hookups! The main residence showcases a spacious, open-concept kitchen with a large island, pendant lighting, and seamless flow into the living area. Bathrooms throughout both units feature coordinating vanities, brushed bronze finishes, and beautifully tiled bath surrounds with built-in niches. Additional upgrades include new luxury vinyl plank flooring, fresh paint, recessed lighting, modern fixtures, new baseboards, and more! Freshly installed landscaping completes the transformation, creating an inviting outdoor setting. With two thoughtfully designed living spaces, extensive renovations, and major system upgrades already completed, this turnkey property offers the rare combination of style, versatility, and long-term value!

Mortgage Calculator

Est. Monthly Payment

$8,600

Principal & Interest$6,985
Property Tax$1,250
Insurance$365
%($250,000)
%
Loan Term

Location

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Investment Score

11C
Est. Monthly Rent
$4,646

8 leases of 2–4 bed houses within 1 mi · $4,321–$5,032

Blended 50/50 with the zip's market median ($4,369)

Monthly Cashflow

Rent − PITIA

-$3,954
Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,065

What would make this work?

$6,065/mo short at 20% down; 90% down or +$7,876/mo rent closes it.

Break-even price

63% under asking

$463,840
Break-even rent

$7,876/mo above the estimate

$12,522/mo
Cashflow at 35% down
−$4,755/mo
Down payment to break even

$1,124,999 cash

90%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,985
Cap Rate
1.11%
Cash-on-Cash
-29.11%
DSCR

Need ≥ 1.25 for DSCR loan

0.54

NOI (Annual)
$13,837
Price-to-Rent

Lower = better for investors

22.4

* 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−$6,065/mo