3815 3rd 14

Btop 30%

San Diego, CA 92103

$470,000

Pass at asking: -$2,231/mo full cashflow at 20% down, 7.43% rate.

Works at $179,512 (62% under asking), or at 89% down.

Rent $2,381/mo from 36 leases of 1-bed condos & townhomes in 92103 ($2,095–$2,945).

Beds

Baths

Sqft

638

Year Built

1969

Days on Market

—

Property Type

Condo

HOA/mo

$455

MLS ID

260026729SD

This property is in San Diego (92103). View neighborhood stats →

About This Property

Close to UCSD Hillcrest Hospital. Steps away from Hillcrest's best restaurants, bars, and cafes. The iconic Balboa Park is a short walk. And the Beach is only a 15min drive. Upgraded throughout and is filled with natural light. The crowning feature is the oversized and private patio. You'll have 1 dedicated parking space and the most convenient access to the community laundry in the building. If you want to have laundry within, a Washer and Dryer are allowed to be installed in the home as well!

Mortgage Calculator

Est. Monthly Payment

$3,673

Principal & Interest$2,611

Property Tax$470

Insurance$137

HOA$455

Down Payment

%($94,000)

Interest Rate

Loan Term

Comparable Properties

5 comps found

This Property

$2,381

Comp Average

$2,522

3688 1st Ave

1bd / 1ba · 609 sqft · Condo

$450K

Est. $2,615/mo

4290 5th

1bd / 1ba · 670 sqft · Condo

$400K

Est. $2,585/mo

3980 8th

1bd / 1ba · 641 sqft · Condo

$429K

Est. $2,464/mo

3980 8th

1bd / 1ba · 641 sqft · Condo

$475K

Est. $2,464/mo

3907 Georgia

1bd / 1ba · 657 sqft · Condo

$465K

Est. $2,481/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

40B

Est. Monthly Rent

$2,381

36 leases of 1-bed condos & townhomes in 92103 · $2,095–$2,945

Blended 50/50 with the zip's market median ($2,340)

Monthly Cashflow

Rent − PITIA

-$1,292

Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,231

What would make this work?

$2,231/mo short at 20% down; 89% down or +$2,898/mo rent closes it.

Break-even price: $179,512
Break-even rent: $5,279/mo
Cashflow at 35% down: −$1,742/mo
Down payment to break even: 89%
Rate to break even: Not reachable

Mortgage (P+I)

$2,611

Cap Rate

1.27%

Cash-on-Cash

-28.49%

DSCR

Need ≥ 1.25 for DSCR loan

0.65

NOI (Annual)

$5,985

Price-to-Rent

Lower = better for investors

16.4

* Modelled at 20% down, 7.43% 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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BCashflow−$2,231/mo