3598 Argonne Street
Btop 30%San Diego, CA 92117
Pass at asking: -$3,789/mo full cashflow at 20% down, 7.49% rate.
Works at $555,757 (47% under asking), or at 72% down.
Rent $5,567/mo from 8 leases of 4-bed houses within 1 mi ($4,698–$5,630).
Beds
4
Baths
2
Sqft
1,581
Year Built
1966
Days on Market
0
Property Type
Single Family
HOA/mo
N/A
MLS ID
260026264SD
This property is in San Diego (92117). View neighborhood stats →
About This Property
Fantastic Fixer Opportunity in Clairemont! Bring your design ideas. This home is a blank canvas and ready to be restored to modern times. Terrific floor plan with 4 Bedrooms 2 Baths and approximately 1,580 square feet of living space. Enjoy the spacious estimated 7,200 square foot lot that backs up to a green space behind the property. The backyard is ready for a new modern landscape and has so many possibilities. Centrally located near I-52 and Clairemont Town Square Shopping Center with Trader Joes and Home Goods coming soon. Come see!
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Est. Monthly Payment
$7,203
Location
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Renovation math
Flagged Fixer from the listing remarks — “fixer”, “blank canvas”.
- Asking now
- $1.05M
- Worth finished
- $1.28M
- Budget to renovate
- $236,388
$662/sqft
$812/sqft × 1,581 sqft
$150/sqft to spend
Comparable finished homes nearby suggest this is worth $1.28M once it's brought to par — about $236,388 above the asking price. That spread is your renovation budget before the deal stops working.
Rent once renovated
- Rent at par
- $5,017/mo
- Cashflow at that rent
- −$4,212/mo
$3.17/sqft × 1,581 sqft, median of 5 comps
cap rate 2.17%, DSCR 0.70
Heads up: the rent estimate elsewhere on this page ($5,567/mo) is above what comparable finished homes here support. A home that needs work does not out-rent them, so treat $5,017/mo as the ceiling.
Buying at asking and achieving par rent, excluding the renovation spend itself. We don't publish a current-condition rent: no listing remark says how much work a home needs, and mid-renovation it earns nothing.
Based on 5 comparable homes of the same property type and size currently listed nearby — asking prices and modelled rents, not closed sales. A contractor's scope, not this page, decides what a renovation actually costs.
Comparable Properties
5 comps foundThis Property
$5,567
Comp Average
$4,884
5279 Conrad Avenue
4bd / 2ba · 1,356 sqft · Single Family
$999K
Est. $4,534/mo
5333 Arlene St
3bd / 2ba · 1,600 sqft · Single Family
$1.20M
Est. $4,926/mo
5524 Norwich St
3bd / 2ba · 1,514 sqft · Single Family
$1.23M
Est. $4,785/mo
2845 Arcola
4bd / 2.5ba · 1,564 sqft · Single Family
$1.55M
Est. $5,652/mo
4121 Mount Hukee
4bd / 2ba · 1,426 sqft · Single Family
$1.25M
Est. $4,525/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 4-bed houses within 1 mi · $4,698–$5,630
Blended 50/50 with the zip's market median ($6,062)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,789/mo short at 20% down; 72% down or +$4,921/mo rent closes it.
- Break-even price
- $555,757
- Break-even rent
- $10,488/mo
- Cashflow at 35% down
- −$2,692/mo
- Down payment to break even
- 72%
- Rate to break even
- Not reachable
47% under asking
$4,921/mo above the estimate
$753,840 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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