4168 44th Street

Btop 30%

San Diego, CA 92115

$487,000

NEW — 0d

Pass at asking: -$2,166/mo full cashflow at 20% down, 7.49% rate.

Works at $206,260 (58% under asking), or at 84% down.

Rent $2,501/mo from 8 leases of 1–3 bed condos & townhomes within 0.5 mi ($2,191–$2,532).

Beds

Baths

Sqft

912

Year Built

1968

Days on Market

Property Type

Condo

HOA/mo

$335

MLS ID

PTP2608173

This property is in San Diego (92115). View neighborhood stats →

About This Property

Updated 2 bed, 2 bath condo in a gated City Heights community. All financing welcome (conventional, FHA, VA, cash), plus a rare bonus for VA buyers: assume the seller's 5.125% VA loan with about $18K down. The assumption is available to VA-eligible buyers with entitlement to substitute (lender and servicer approval required) and can mean hundreds less per month than a new loan at today's rates. Inside, you'll find upgraded flooring throughout, a remodeled kitchen with a terrace, in-unit laundry, and energy-efficient dual-pane windows. The 912 sq ft home is move-in ready and carefully maintained. The $335 HOA includes water and trash. The gated community has well-kept common areas, and two assigned parking spaces sit directly behind the back gate. Minutes from North Park, Kensington, Balboa Park, and SDSU, with the Rapid 215 bus line, dining, and a Saturday farmers market nearby.

Mortgage Calculator

Est. Monthly Payment

$3,686

Principal & Interest$2,721

Property Tax$487

Insurance$142

HOA$335

Down Payment

%($97,400)

Interest Rate

Loan Term

Location

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Comparable Properties

5 comps found

This Property

$2,501

Comp Average

$2,694

6333 College Grove Way

2bd / 1.5ba · 865 sqft · Condo

$465K

Est. $2,888/mo

3613 Billman Street

2bd / 1.5ba · 937 sqft · Condo

$464K

Est. $2,764/mo

4777 Seminole Dr

2bd / 1.5ba · 923 sqft · Condo

$499K

Est. $2,642/mo

4483 Winona Avenue

2bd / 2ba · 933 sqft · Condo

$510K

Est. $2,543/mo

4514 51st Street

2bd / 2ba · 905 sqft · Condo

$549K

Est. $2,635/mo

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

Investment Score

45B

Est. Monthly Rent

$2,501

8 leases of 1–3 bed condos & townhomes within 0.5 mi · $2,191–$2,532

Blended 50/50 with the zip's market median ($2,617)

Monthly Cashflow

Rent − PITIA

-$1,184

Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,166

What would make this work?

$2,166/mo short at 20% down; 84% down or +$2,812/mo rent closes it.

Break-even price: $206,260
Break-even rent: $5,313/mo
Cashflow at 35% down: −$1,655/mo
Down payment to break even: 84%
Rate to break even: Not reachable

Mortgage (P+I)

$2,721

Cap Rate

1.68%

Cash-on-Cash

-26.68%

DSCR

Need ≥ 1.25 for DSCR loan

0.68

NOI (Annual)

$8,172

Price-to-Rent

Lower = better for investors

16.2

* Modelled at 20% down, 7.49% 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−$2,166/mo