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383 Mankato #12

Atop 10%

Chula Vista, CA 91910

$399,000

NEW — 1d

STR limited · Chula Vista residents only · TOT 10%

An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.

Pass at asking: -$1,453/mo full cashflow at 20% down, 7.36% rate.

Works at $208,800 (48% under asking), or at 73% down.

Rent $2,540/mo from 8 leases of 1–3 bed condos & townhomes within 0.5 mi ($2,496–$2,987).

Beds

Baths

Sqft

940

Year Built

1970

Days on Market

Property Type

Condo

HOA/mo

$360

MLS ID

260026844SD

This property is in Chula Vista (91910). Browse neighborhood analytics →

About This Property

Top-floor 2-bedroom, 2-bath condo in the heart of Chula Vista, just minutes from the shops and restaurants along Third Avenue. The spacious floor plan features a large living room that opens onto a balcony and two generously sized bedrooms, including a primary bedroom with an en suite bath. The condo includes a carport with storage, and the building offers a shared laundry room.

Mortgage Calculator

Est. Monthly Payment

$3,077

Principal & Interest$2,201

Property Tax$399

Insurance$116

HOA$360

Down Payment

%($79,800)

Interest Rate

Loan Term

Location

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Zoned Schools

Elementary
Vista Square Elementary · grades PK-6 · Chula Vista Elementary
Middle
Chula Vista Middle · grades 7-8 · Sweetwater Union High
High
Chula Vista Senior High · grades 9-12 · Sweetwater Union High

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Comparable Properties

5 comps found

This Property

$2,540

Comp Average

$2,486

378 Vance Street

2bd / 2ba · 892 sqft · Condo

$449K

Est. $2,428/mo

468 Colorado Avenue

2bd / 1.5ba · 1,024 sqft · Condo

$450K

Est. $2,593/mo

617 Third Ave

2bd / 2ba · 963 sqft · Condo

$450K

Est. $2,583/mo

573 Park Way

2bd / 2ba · 980 sqft · Condo

$475K

Est. $2,568/mo

110 2nd Avenue

2bd / 2ba · 1,003 sqft · Condo

$475K

Est. $2,259/mo

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

Investment Score

64A

Est. Monthly Rent

$2,540

8 leases of 1–3 bed condos & townhomes within 0.5 mi · $2,496–$2,987

Blended 50/50 with the zip's market median ($2,524)

Monthly Cashflow

Rent − PITIA

-$536

Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,453

What would make this work?

$1,453/mo short at 20% down; 73% down or +$1,887/mo rent closes it.

Break-even price: $208,800
Break-even rent: $4,427/mo
Cashflow at 35% down: −$1,040/mo
Down payment to break even: 73%
Rate to break even: Not reachable

Mortgage (P+I)

$2,201

Cap Rate

2.63%

Cash-on-Cash

-21.85%

DSCR

Need ≥ 1.25 for DSCR loan

0.83

NOI (Annual)

$10,504

Price-to-Rent

Lower = better for investors

13.1

* Modelled at 20% down, 7.36% 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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ACashflow−$1,453/mo