423 S Sierra Avenue 170

423 S Sierra Avenue 170

Dbottom 20%

Solana Beach, CA 92075

$1,749,000
STR: check · HOA rules unknown · TOT 13%

HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.

Pass at asking: -$10,049/mo full cashflow at 20% down, 7.49% rate.

Works at $446,125 (74% under asking); even all cash loses money at asking.

Rent $5,735/mo from 8 leases of 3-bed condos & townhomes within 0.5 mi, same school area ($5,721–$7,938).

Beds

3

Baths

3

Sqft

1,440

Year Built

1975

Days on Market

18

Property Type

Condo

HOA/mo

$975

MLS ID

NDP2608735

This property is in Solana Beach (92075). View neighborhood stats →

Mortgage Calculator

Est. Monthly Payment

$13,008

Principal & Interest$9,774
Property Tax$1,749
Insurance$510
HOA$975
%($349,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Solana Vista Elementary · grades K-3 · Solana Beach Elementary

  • Middle

    Earl Warren Middle · grades 7-8 · San Dieguito Union High

  • High

    Torrey Pines High · grades 9-12 · San Dieguito 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.

Investment Score

0D
Est. Monthly Rent
$5,735

8 leases of 3-bed condos & townhomes within 0.5 mi, same school area · $5,721–$7,938

Blended 50/50 with the zip's market median ($5,404)

Monthly Cashflow

Rent − PITIA

-$7,273
Full Cashflow

Incl. vacancy, PM, maint, capex

-$10,049

What would make this work?

$10,049/mo short at 20% down; +$13,051/mo rent closes it.

Break-even price

74% under asking

$446,125
Break-even rent

$13,051/mo above the estimate

$18,786/mo
Cashflow at 35% down
−$8,217/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)
$9,774
Cap Rate
0.01%
Cash-on-Cash
-34.47%
DSCR

Need ≥ 1.25 for DSCR loan

0.44

NOI (Annual)
$134
Price-to-Rent

Lower = better for investors

25.4

* 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.

Open Full Calculator
DCashflow−$10,049/mo