4367 Cannington Drive

4367 Cannington Drive

D

San Diego, CA 92117

$1,049,000
NEW — 4d on market

Beds

3

Baths

2

Sqft

1,779

Year Built

1965

Days on Market

4

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2603081

Description

This is an opportunity to step into a single-family home where the important work has already been done. Originally built in 1965 as the model home for the neighborhood and held in the same family ever since, the property reflects decades of consistent care and thoughtful updates. Over the past five years, the owners have completed many of the improvements buyers prioritize, including a newer HVAC system, roof replacement, insulated siding around the family room for enhanced energy efficiency, exterior paint, a tankless water heater, and a new 200 AMP electrical panel. These are meaningful upgrades that provide confidence and allow the next owner to focus on personalization rather than immediate repairs. The kitchen has maple-colored custom cabinetry with pull-out storage and rotating corner shelving, and premium appliances, including a built-in Monogram refrigerator with recently rebuilt seals and compressor, along with Decor appliances. It is highly functional as it stands today, with the flexibility to update over time. A unique feature of the property is the family room, originally intended as a two-car garage but used as the developer’s sales office and never converted. This creates flexibility, offering the option to continue as living space, reconfigure as a primary suite or bonus room, convert to a garage, or explore ADU potential with a private entrance. Set on a flat 6,100 square foot lot with mature landscaping in centrally located Clairemont, with convenient access to shopping and freeways, the home offers immediate livability and long-term potential. The major systems are in place, the layout is functional, and what remains is the opportunity to shape the home to your own style over???????????????????????????????? time.

Mortgage Calculator

Est. Monthly Payment

$6,659

Principal & Interest$5,304
Property Tax$1,049
Insurance$306
%($209,800)
%

Investment Score

5D
Est. Monthly Rent
$4,792
Monthly Cashflow

Rent − PITIA

$-1,867
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,844

Mortgage (P+I)
$5,304
Cap Rate
1.67%
Cash-on-Cash
-21.98%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.72
Break-even Rent
$9,784

NOI (Annual)
$17,528
Price-to-Rent

Lower = better for investors

18.2

* 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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