3618 Meade Ave
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3618 Meade Ave

C

San Diego, CA 92116

$597,500
NEW — 2d

Soft Appraisal Value: $596,000 · 0.3% above estimate

Beds

1

Baths

1

Sqft

500

Year Built

1940

Days on Market

2

Property Type

Single Family

HOA/mo

N/A

MLS ID

260010244SD

This property is in San Diego (92116). View neighborhood stats →

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About This Property

* * * Normal Heights * * * 1BR * 1BA * * * 500 Sq Ft Single Family Detached 1940 Bungalow * * * * Not A Condo * * * Great Back Yard * * * 2,500 Sq Ft (50x50) Flat Level Usable Corner Lot * Detached Garage * * * Beautiful 200 Sq ft Porch To Relax, Unwind And Enjoy The Soft Gentle Breezes * * * Holy Schmoley * * * Ay Caramba! * * * Priced Less Than The Median Value $550,000 Condo In 92116 Without the Forever Never Ending Annoying & Expensive $400+ Mth HOA Fees * * * * At A 5% Cap Rate, HOA Fees Of $400+ A MTH Equates to Just South Of $100,000 Of Purchasing Power * * * No HOA Rules & Regulations * * * Upside Value Add Rental Potential For An ADU Over The Existing Garage * * * From Being A Renter In An Apartment, To Owning A Condo, This Is Your Chance To Own A Single Family Detached Home With A Yard, Porch And Garage * * * So Much More Upward Potential And Appreciation * * * Walk To & Be Part Of The Normal Heights Street Fair * Southern California Largest Free Music Festival On Adams Ave * * * Normal Heights Its Vast Array Of Bars & Ethnic Foods * * * Going, Going, Gon_!

Mortgage Calculator

Est. Monthly Payment

$3,793

Principal & Interest$3,021
Property Tax$598
Insurance$174
%($119,500)
%

Location

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Investment Score

32C
Est. Monthly Rent
$2,196
Monthly Cashflow

Rent − PITIA

$-1,597
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,600

Mortgage (P+I)
$3,021
Cap Rate
0.85%
Cash-on-Cash
-26.11%
DSCR

Need ≥ 1.25 for DSCR loan

0.58
Break-even Rent
$5,572

NOI (Annual)
$5,058
Price-to-Rent

Lower = better for investors

22.7

* 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.

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