3796 Alabama Street

3796 Alabama Street

D

San Diego, CA 92104

$260,000
NEW — 2d on market

Beds

1

Baths

1

Sqft

378

Year Built

1981

Days on Market

2

Property Type

Condo

HOA/mo

$403

MLS ID

NDP2602921

Description

Villa Sao Miguel. 1 Bedroom, 1 Bath, 378 s.f. 3rd floor south facing condo with view located in the 55+ senior community of Villa Sao Miguel. Centrally located on the western edge of North Park, close to Hillcrest and the Morley Field area of Balboa Park. Close to historic classic home neighborhood, shopping, dining, recreation, etc. Nearby Morley Field area of Balboa Park offers swimming and tennis just a few blocks away and easy access to Balboa Park via south on Alabama Street. Wood style laminate flooring throughout, new refrigerator, new faux-wood horizontal blinds, and newer bathroom vanity. Grab bar in bath. Community Amenities: Elevator access, community Laundry Room, Billiard Room, Craft Room, Library, Room Fitness Room, and Community Room for events. Multiple indoor and outdoor sitting areas, Private off street parking (1 unassigned space, first come first served), 1/2 block to public transit. HOA is $403/month includes: water, trash, sewer, common grounds maintenance, landscape maintenance, building maintenance, limited insurance, pest control.

Mortgage Calculator

Est. Monthly Payment

$2,054

Principal & Interest$1,315
Property Tax$260
Insurance$76
HOA$403
%($52,000)
%

Investment Score

7D
Est. Monthly Rent
$1,749
Monthly Cashflow

Rent − PITI − HOA

$-305
Full Cashflow

Incl. vacancy, PM, maint, capex

$-924

Mortgage (P+I)
$1,315
Cap Rate
1.80%
Cash-on-Cash
-21.31%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.85
Break-even Rent
$2,949

NOI (Annual)
$4,693
Price-to-Rent

Lower = better for investors

12.4

* 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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