3761 Oleander Dr

3761 Oleander Dr

Ctop 80%

San Diego, CA 92106

$1,750,000
NEW — 0d

Pass at asking: -$8,740/mo full cashflow at 20% down, 7.49% rate.

Works at $616,828 (65% under asking), or at 92% down.

Rent $6,179/mo from 18 leases of 3-bed houses within 2 mi ($5,477–$6,132).

Beds

3

Baths

3

Sqft

1,642

Year Built

2021

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2610010

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

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About This Property

Remodeled from Top to Bottom & Inside and Out in 2021! Original home built in 1951. The Builder spared no expense during the design, construction and materials selection of this elegant 3 Bedroom (one of bedrooms is an en-suite studio with kitchenette) and 3 Bath home located in highly desired Plumosa Park neighborhood of Loma Portal. To fully appreciate this home, you will just have to see it for yourself.

Mortgage Calculator

Est. Monthly Payment

$12,040

Principal & Interest$9,779
Property Tax$1,750
Insurance$510
%($350,000)
%
Loan Term

Location

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Investment Score

9C
Est. Monthly Rent
$6,179

18 leases of 3-bed houses within 2 mi · $5,477–$6,132

Blended 50/50 with the zip's market median ($6,390)

Monthly Cashflow

Rent − PITIA

-$5,860
Full Cashflow

Incl. vacancy, PM, maint, capex

-$8,740

What would make this work?

$8,740/mo short at 20% down; 92% down or +$11,351/mo rent closes it.

Break-even price

65% under asking

$616,828
Break-even rent

$11,351/mo above the estimate

$17,530/mo
Cashflow at 35% down
−$6,906/mo
Down payment to break even

$1,610,000 cash

92%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$9,779
Cap Rate
0.92%
Cash-on-Cash
-29.97%
DSCR

Need ≥ 1.25 for DSCR loan

0.51

NOI (Annual)
$16,181
Price-to-Rent

Lower = better for investors

23.6

* 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−$8,740/mo