4820 Old Cliffs Rd
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4820 Old Cliffs Rd

Atop 10%

San Diego, CA 92120

$215,000
STR: check · park rules decide · TOT 12.75%

8 licensed short-term rentals within ½ mile (4 whole home), from the cities' license and permit lists of Nov 2, 2026.

Works at asking: +$5/mo full cashflow at 20% down, 7.49% rate.

Still breaks even up to $215,718.

Rent $2,161/mo: zip market median for this bed count.

Beds

2

Baths

2

Sqft

1,040

Year Built

1966

Days on Market

95

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

NDP2607127

This property is in San Diego (92120). View neighborhood stats →

Virtual Tour

About This Property

Welcome to The Cliffs, one of Allied Gardens' most desirable 55+ communities (21+ allowed with 55+ owner), where comfort, convenience, and an active lifestyle come together. Nestled in a peaceful setting just minutes from Admiral Baker Golf Course, Mission Valley, Mission Trails, Downtown San Diego, shopping, dining, and healthcare services, this community offers everything you need to enjoy your next chapter. Residents enjoy access to two beautifully maintained clubhouses featuring a heated pool and spa, library, billiards room, shuffleboard, ping pong, fireplaces, Wi-Fi, and welcoming gathering spaces. The community is known for its vibrant social calendar, offering activities such as water aerobics, exercise classes, bingo nights, book club gatherings, holiday barbecues, Taco Tuesdays, pancake breakfasts, pasta nights, bake sales, and more. There is even an occasional visit from the neighborhood ice cream truck. An added benefit is that this home is registered annually through the California Department of Housing and Community Development (HCD), meaning there are no annual property taxes. Inside, the home offers abundant natural light, a spacious primary bathroom, and a full-size washer and dryer. The low-maintenance landscaping allows for easy living, while the two-car tandem carport and nearby guest parking provide added convenience for family and friends visiting throughout the year. Experience the ease, connection, and sense of community that make life at The Cliffs so special.

Mortgage Calculator

Est. Monthly Payment

$1,479

Principal & Interest$1,201
Property Tax$215
Insurance$63
%($43,000)
%
Loan Term

Location

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Investment Score

94A
Est. Monthly Rent
$2,161

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

+$682
Full Cashflow

Incl. vacancy, PM, maint, capex

+$5

What would make this work?

Cashflows +$5/mo at 20% down with every reserve funded.

Break-even price

0% above asking

$215,718
Break-even rent

Estimated rent already clears it

$2,154/mo
Cashflow at 35% down
+$231/mo
Down payment to break even

$43,000 cash

20%
Rate to break even

at 20% down

7.54%

Mortgage (P+I)
$1,201
Cap Rate
7.34%
Cash-on-Cash
0.15%
DSCR
1.46

NOI (Annual)
$15,778
Price-to-Rent

Lower = better for investors

8.3

* 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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ACashflow+$5/mo