3796 Alabama St #1
Atop 10%San Diego, CA 92104
Pass at asking: -$1,083/mo full cashflow at 20% down, 7.49% rate.
Works at $139,585 (50% under asking), or at 76% down.
Rent $1,922/mo from 12 leases of 1-bed condos & townhomes within 0.5 mi ($1,683–$1,989).
Beds
1
Baths
1
Sqft
378
Year Built
1981
Days on Market
0
Property Type
Condo
HOA/mo
$403
MLS ID
260026088SD
This property is in San Diego (92104). View neighborhood stats →
About This Property
Enjoy the best of North Park and Hillcrest in this vibrant 55+ community! Just steps from restaurants, shops, and transit, this residence offers the perfect blend of convenience and comfort. Recently remodeled, the home was thoughtfully opened up to create a bright, airy living space. The kitchen features stainless steel appliances and lovely cabinetry. Both the living room and bedroom are large and bright. Community amenities include gated parking, personal storage, fitness center, billiards room, library, meeting space, and laundry facilities. With a walkable location and a stylishly refreshed interior, this home offers both lifestyle and value in one of San Diego’s most sought-after neighborhoods.
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Est. Monthly Payment
$2,329
Location
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Comparable Properties
5 comps foundThis Property
$1,922
Comp Average
$1,792
3796 Alabama
1bd / 1ba · 378 sqft · Condo
$200K
Est. $1,832/mo
3796 Alabama
1bd / 1ba · 378 sqft · Condo
$242K
Est. $1,932/mo
3776 Alabama
1bd / 1ba · 378 sqft · Condo
$255K
Est. $1,776/mo
3776 Alabama St
1bd / 1ba · 378 sqft · Condo
$250K
Est. $1,695/mo
3796 Alabama St
1bd / 1ba · 378 sqft · Condo
$280K
Est. $1,727/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
12 leases of 1-bed condos & townhomes within 0.5 mi · $1,683–$1,989
Blended 50/50 with the zip's market median ($2,032)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,083/mo short at 20% down; 76% down or +$1,407/mo rent closes it.
- Break-even price
- $139,585
- Break-even rent
- $3,329/mo
- Cashflow at 35% down
- −$790/mo
- Down payment to break even
- 76%
- Rate to break even
- Not reachable
50% under asking
$1,407/mo above the estimate
$212,796 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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