3850 Riviera Drive San Diego

3850 Riviera Drive San Diego

D

, CA 92109

$1,468,000

Beds

3

Baths

2

Sqft

1,534

Year Built

1960

Days on Market

245

Property Type

Condo

HOA/mo

$770

MLS ID

250018703SD

Description

Top floor Beach and Bay front condo on the Bay. Beautiful sunsets, direct access to the beach on the bay and ocean breezes is what you’ll be able to enjoy from this bay front condo! 3 bedrooms, 2 baths, in suite washer and dryer, an oversized living room with bay views, private deck and TWO parking spaces are what this amazing home has to offer. The complex is on the boardwalk and features a pool, large common area and huge view veranda, perfect for people watching during the summer and enjoying our beautiful sunsets. Property is on a land lease but is intended to be bought out. Current lease does not expire for 38 more years estimated. Perfect spot for a vacation hideaway or has been primary home for 10 years of current owners. Raising 2 children in 3 bedroom condo on the beach.

Mortgage Calculator

Est. Monthly Payment

$10,089

Principal & Interest$7,423
Property Tax$1,468
Insurance$428
HOA$770
%($293,600)
%

Investment Score

2D
Est. Monthly Rent

Market Rent Estimate

$5,618
Monthly Cashflow

Rent − PITI − HOA

$-4,471
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,986

Mortgage (P+I)
$7,423
Cap Rate
0.36%
Cash-on-Cash
-18.27%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.76
Break-even Rent
$10,089

NOI (Annual)
$5,238
Price-to-Rent

Lower = better for investors

21.8

* Defaults: 20% down, 6.5% rate, 30yr.

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