4127 38th

4127 38th #1

D

San Diego, CA 92105

$495,000

Soft Appraisal Value: $494,500 · 0.1% above estimate

Beds

2

Baths

2

Sqft

936

Year Built

1982

Days on Market

17

Property Type

Condo

HOA/mo

$370.12

MLS ID

260005778SD

View on MLS

Description

Spacious 2 bed, 2 bath ground-floor condo in a small, well-maintained gated community of only 10 units. Open living and dining area with LVP flooring throughout and natural light. Updated kitchen with granite countertops and stainless steel appliances. Large bedrooms with ample closet space, including a primary suite with walk-in closet and its own private bathroom. Washer and dryer in-unit plus additional storage for each unit. Enjoy a charming courtyard setting in a quiet neighborhood. Low HOA with newly installed roof by the HOA. You have your own assigned parking spot and ample street parking! Conveniently located just off University Ave, close to freeway access and just minutes from the vibrant dining, breweries, and shops of North Park.

Mortgage Calculator

Est. Monthly Payment

$3,512

Principal & Interest$2,503
Property Tax$495
Insurance$144
HOA$370
%($99,000)
%

Investment Score

5D
Est. Monthly Rent
$2,687
Monthly Cashflow

Rent − PITI − HOA

$-825
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,856

Mortgage (P+I)
$2,503
Cap Rate
1.57%
Cash-on-Cash
-22.49%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.77
Break-even Rent
$5,097

NOI (Annual)
$7,768
Price-to-Rent

Lower = better for investors

15.4

* 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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