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4416 Delta #2

Atop 10%

San Diego, CA 92113

$450,000

STR-eligible · San Diego Tier 3 · TOT 12.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

11 licensed short-term rentals within ½ mile (8 whole home), from the cities' license and permit lists of Nov 13, 2026.

1 short-term rental license on file in this 34-unit complex, so its HOA has allowed them. Confirm in the CC&Rs: an HOA can ban stays under 30 days (Civ. Code §4741).

Pass at asking: -$1,509/mo full cashflow at 20% down, 7.36% rate.

Works at $252,427 (44% under asking), or at 69% down.

Rent $2,824/mo from 9 leases of 1–3 bed condos & townhomes within 1 mi ($2,491–$3,416).

Beds

Baths

Sqft

1,056

Year Built

1981

Days on Market

141

Property Type

Townhouse

HOA/mo

$245

MLS ID

260015376SD

This property is in San Diego (92113). Browse neighborhood analytics →

About This Property

Spacious and beautifully updated 2-bedroom, 1.5-bath townhome offering 1,056 sq. ft. of comfortable living space in a secure gated community. This move-in-ready two-story home features both bedrooms upstairs, providing privacy and separation from the main living areas. The inviting living room includes a cozy fireplace, with brand-new flooring throughout and recently renovated bathrooms with modern finishes. Additional highlights include in-unit washer and dryer hookups-ups, a bright and functional floor plan, ONE assigned parking space, and a small private patio perfect for gardening or enjoying a barbecue. Conveniently located just minutes from Downtown San Diego with easy access to the 805 freeway.

Mortgage Calculator

Est. Monthly Payment

$3,309

Principal & Interest$2,483

Property Tax$450

Insurance$131

HOA$245

Down Payment

%($90,000)

Interest Rate

Loan Term

Location

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Zoned Schools

Elementary
Balboa Elementary · grades K-5 · San Diego Unified
Middle
Knox Middle · grades 6-8 · San Diego Unified
High
Lincoln High · grades 9-12 · San Diego Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Comparable Properties

4 comps found

This Property

$2,824

Comp Average

$2,610

4460 Delta St

2bd / 1ba · 914 sqft · Condo

$380K

Est. $2,620/mo

4489 Mayberry St

2bd / 1.5ba · 866 sqft · Townhouse

$420K

Est. $2,545/mo

211 47th Street

3bd / 2ba · 858 sqft · Condo

$450K

Est. $2,612/mo

1507 40th

3bd / 2ba · 900 sqft · Townhouse

$520K

Est. $2,662/mo

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

Investment Score

67A

Est. Monthly Rent

$2,824

9 leases of 1–3 bed condos & townhomes within 1 mi · $2,491–$3,416

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$485

Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,509

What would make this work?

$1,509/mo short at 20% down; 69% down or +$1,960/mo rent closes it.

Break-even price: $252,427
Break-even rent: $4,784/mo
Cashflow at 35% down: −$1,044/mo
Down payment to break even: 69%
Rate to break even: Not reachable

Mortgage (P+I)

$2,483

Cap Rate

2.97%

Cash-on-Cash

-20.12%

DSCR

Need ≥ 1.25 for DSCR loan

0.85

NOI (Annual)

$13,376

Price-to-Rent

Lower = better for investors

13.3

* Modelled at 20% down, 7.36% 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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ACashflow−$1,509/mo