5016 Old Cliffs Road
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5016 Old Cliffs Road

A

San Diego, CA 92120

$378,000
NEW — 2d

Beds

2

Baths

2

Sqft

1,352

Year Built

1967

Days on Market

2

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

NDP2604135

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

Virtual Tour

About This Property

ZERO property taxes. Do I have your attention now? This home is on registration not on the property tax roll. What this means for you? Instead of paying over $4,000/year in property taxes, last year the registration fee was $67. This is what I call move-in ready. Pack your bags and get ready to move into this thoughtfully remodeled view home. There are NO virtually staged photos in this listing because I don't need them. It just looks THAT good! Located in The Cliffs Senior Community is our 2 bed /2 bath home with office sitting on one of the highest elevated lots. This location adds to the privacy with neighbors not looking into or down on the home. It features an open floor plan and island kitchen perfect for entertaining. Complete with soft close cabinets and drawers, large countertops, herringbone tile backsplash, stainless steel farmhouse sink, two pantries with slide out drawers, downdraft range hood, and pendant lighting. All appliances stay including that newer side by side refrigerator and silent dishwasher. The utility closet has a washer and dryer and plenty of space for that swifter, hardwood vacuum, and reusable grocery bags. Spacious primary bedroom easily accommodates a king size bed and features a walk-through closet that leads you to an en suite with 2 sinks and tiled shower. The guest bedroom has a built in murphy bed, nice sized closet with bathroom and shower right across the hall. The extra room can double as an office, sewing room, or even a workout space. Also, all the walls are completely dry walled, none if this paneling stuff. My favorite part of the home has to be the giant sliding glass doors leading out to the trex deck. The best place to enjoy the quiet mornings, the busy humming birds, the surrounding fruit bearing trees, and of course, the brilliant mission gorge sunsets. This home is on leased land, so there is space rent but the trade off is no property taxes or additional HOA fees. Come check this home out so I can tell you all about the other good stuff!

Mortgage Calculator

Est. Monthly Payment

$2,400

Principal & Interest$1,911
Property Tax$378
Insurance$110
%($75,600)
%

Location

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Investment Score

74A
Est. Monthly Rent
$2,213
Monthly Cashflow

Rent − PITIA

$-186
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,010

Mortgage (P+I)
$1,911
Cap Rate
2.86%
Cash-on-Cash
-16.04%
DSCR

Need ≥ 1.25 for DSCR loan

0.92
Break-even Rent
$3,525

NOI (Annual)
$10,812
Price-to-Rent

Lower = better for investors

14.2

* 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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