500 W Harbor Dr 1304

Dbottom 20%

San Diego, CA 92101

$1,330,000

Pass at asking: -$7,856/mo full cashflow at 20% down, 7.49% rate.

Works at $311,524 (77% under asking); even all cash loses money at asking.

Rent $4,700/mo from 7 leases in this building ($4,416–$4,729).

Beds

Baths

Sqft

1,184

Year Built

1994

Days on Market

—

Property Type

Condo

HOA/mo

$1,216

MLS ID

260026106SD

This property is in San Diego (92101). View neighborhood stats →

About This Property

Wonderful West Downtown San Diego Penthouse panoramic views of the City and San Diego Bay. Views of the Coronado Bridge. Sit down panoramic views from the spacious Balcony. Primary bedroom has panoramic view of San Diego Bay. Primary bedroom has a walk-in closet. Full size washer and dryer in unit. Convenient floor plan with each bedroom on opposite side. Walk to shopping and restaurants. Walk to San Diego Convention Center. Great amenities from the swimming pool for family enjoyment and to the large lap pool. Walk in the common area gardens. Downstairs lounge area.

Mortgage Calculator

Est. Monthly Payment

$10,366

Principal & Interest$7,432

Property Tax$1,330

Insurance$388

HOA$1,216

Down Payment

%($266,000)

Interest Rate

Loan Term

Location

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Comparable Properties

5 comps found

This Property

$4,700

Comp Average

$4,791

500 Harbor Dr.

2bd / 2ba · 1,184 sqft · Condo

$899K

Est. $4,700/mo

500 Harbor

2bd / 2ba · 1,184 sqft · Condo

$919K

Est. $4,700/mo

500 Harbor

2bd / 2ba · 1,240 sqft · Condo

$1.05M

Est. $4,810/mo

550 Front Street

2bd / 2.5ba · 1,195 sqft · Condo

$1.29M

Est. $4,914/mo

500 Harbor Drive

2bd / 2ba · 1,252 sqft · Condo

$1.30M

Est. $4,833/mo

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

Investment Score

Est. Monthly Rent

$4,700

7 leases in this building · $4,416–$4,729

Monthly Cashflow

Rent − PITIA

-$5,666

Full Cashflow

Incl. vacancy, PM, maint, capex

-$7,856

What would make this work?

$7,856/mo short at 20% down; +$10,202/mo rent closes it.

Break-even price: $311,524
Break-even rent: $14,902/mo
Cashflow at 35% down: −$6,462/mo
Down payment to break even: Not reachable
Rate to break even: Not reachable

Mortgage (P+I)

$7,432

Cap Rate

-0.17%

Cash-on-Cash

-35.44%

DSCR

Need ≥ 1.25 for DSCR loan

0.45

NOI (Annual)

-$2,260

Price-to-Rent

Lower = better for investors

23.6

* 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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DCashflow−$7,856/mo