4216 Albatross Drive

4216 Albatross Drive

Dbottom 20%

San Diego, CA 92103

$1,993,000
NEW — 1d

Pass at asking: -$11,095/mo full cashflow at 20% down, 7.43% rate.

Works at $548,387 (72% under asking); even all cash loses money at asking.

Rent $5,470/mo from 11 leases of 2–4 bed houses within 1 mi ($5,386–$6,266).

Beds

3

Baths

2

Sqft

1,637

Year Built

1940

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026712SD

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

About This Property

Modern Mid-Century Mission Hills/Hillcrest home overlooking a beautiful Open Space Canyon with Sunset Sky. Impressive Large salt swimming Pool. Wonderful Deck with Firepit. Perfect Central Location within the Hillcrest Community. * 3 BR & 2 BA (2 BR & 1 BA downstairs, with jetted tub, on main level) * Private Main Suite upstairs & bath * Enter a private gated Zen Garden with fountain * Separate formal Dining Room * Gourmet Kitchen with laundry cabinet * Generous Great Room with Fireplace & Media Niche with AV Rack * Originally built in 1940 & Remodeled over the years * Large Solar PV System * Newer Roof*Projection Screen, Multi-room Audio System with Surround Sound * 3-car garage (tandem) with generous 3-car+ driveway * A truly magical location. This home is a rare find in the densely populated urban center of San Diego, where large canyon-side pools are very hard to find. Escape to the sanctuary of your own home away from the busy urban life, within the center of San Diego. See Supplement. * Mid-Century Modern Contemporary Warm Home originally built in the 1940s and updated throughout the years * 3 Bedroom, 2 bathroom (2 bedrooms, 1 bath on main level) single family home * Private Main Suite upstairs with Ensuite Bath and Walk-in Closet. Hardwood flooring * Large private salt swimming pool (with gas heater & heat pump) 7' deep * Fully Fenced * Deck with firepit & canyon / sunset views * Gated Entry with Zen Garden * 3 car+ driveway * 3 car garage (double with one tandem) * Potential for workshop or storage under deck * Solar system (zero electricity bill) * Gourmet kitchen with built-in appliances, stone countertops & cherry cabinets * Convenient Laundry Closet in Kitchen * Main level has wood flooring, stained floors and tile floors in kitchen * Separate Generous Dining Room with track lighting * Classic Mosaic Tile Accents in Hallway and bathrooms * Jetted Tub in downstairs bath * French Door that opens to Outdoor Living & Pool Entertaining * Central AV for indoor & outdoor music & WiFi * Full pool/garden audio: 6.1 channel outdoor surround with marine grade speakers * Lutron Caseta lighting controls throughout & Custom Track Lighting * New roof in 2023 * Efficient Tankless Gas Water Heater * Whole Home Water Filtration System * Close distance in the heart of Hillcrest, Mission Hills & close to all of the city's attractions offering a sanctuary experience with a beautiful canyon orientation * Great match for anyone who wants to live centrally to all of the city's major attractions (San Diego Zoo, Balboa Park with museums and theaters, Sea World, downtown Gaslamp district, beaches) and be within close proximity to numerous restaurants and shopping, conveniently located just 14 mins to the airport or beach! * World renowned Hospitals close by

Mortgage Calculator

Est. Monthly Payment

$13,646

Principal & Interest$11,072
Property Tax$1,993
Insurance$581
%($398,600)
%
Loan Term

Location

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Investment Score

2D
Est. Monthly Rent
$5,470

11 leases of 2–4 bed houses within 1 mi · $5,386–$6,266

Blended 50/50 with the zip's market median ($5,306)

Monthly Cashflow

Rent − PITIA

-$8,176
Full Cashflow

Incl. vacancy, PM, maint, capex

-$11,095

What would make this work?

$11,095/mo short at 20% down; +$14,409/mo rent closes it.

Break-even price

72% under asking

$548,387
Break-even rent

$14,409/mo above the estimate

$19,879/mo
Cashflow at 35% down
−$9,019/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$11,072
Cap Rate
0.15%
Cash-on-Cash
-33.40%
DSCR

Need ≥ 1.25 for DSCR loan

0.40

NOI (Annual)
$3,007
Price-to-Rent

Lower = better for investors

30.4

* 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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DCashflow−$11,095/mo