5055 Collwood

5055 Collwood ##320

D

San Diego, CA 92115

$560,000
NEW — 1d on market

Beds

2

Baths

2

Sqft

971

Year Built

1974

Days on Market

1

Property Type

Condo

HOA/mo

$500

MLS ID

260007697SD

View on MLS

Description

This is the rare top-floor, corner Collwood Point unit you’ve been waiting for. **Property has a VA assumable loan at a 5.5% interest rate for qualified buyers.** By securing the building's premier corner placement, this 2-bedroom, 2-bath home offers a level of privacy and natural light that lower-floor units simply cannot match. Whether you are looking for a high-performing investment or a turnkey primary residence, this property is positioned for maximum impact. The main living area features vaulted ceilings and high-set windows creating an expansive, sun-lit atmosphere. This open, inviting space serves as the central hub of the home, flowing seamlessly through French doors to your private, pergola-covered patio. It’s the perfect spot to extend your living space into the fresh air, whether for morning coffee or an evening drink. When it’s time to host, the kitchen is fully dialed-in with sleek granite countertops, stainless steel appliances, and ample cabinetry to keep everything organized. The floor plan is a true game-changer; with bedrooms located on opposite sides of the home, you have a private sanctuary perfect for a roommate or a quiet, dedicated work-from-home setup. Life here is designed for effortless daily living. Enjoy the convenience of in-unit laundry and skip the parking hunt with your own dedicated covered spot. The Collwood Point lifestyle really shines in the courtyard, spend your weekends lounging by the sparkling pool, relaxing in the spa, or firing up the built-in BBQ station for a sunset dinner with friends. Located just minutes from the energy of SDSU, premier shopping, and dining, this isn’t just a place to live, it’s a place to thrive. With fast, easy access to both the I-5 and I-15, you are perfectly situated to reach downtown, the beaches, or North County with ease. It is rare to find a top-floor corner unit with this specific combination of upgrades and location. This is your chance to secure the best position in the entire building.

Mortgage Calculator

Est. Monthly Payment

$4,055

Principal & Interest$2,832
Property Tax$560
Insurance$163
HOA$500
%($112,000)
%

Investment Score

0D
Est. Monthly Rent
$2,259
Monthly Cashflow

Rent − PITIA

$-1,796
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,782

Mortgage (P+I)
$2,832
Cap Rate
0.11%
Cash-on-Cash
-29.81%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.56
Break-even Rent
$5,872

NOI (Annual)
$597
Price-to-Rent

Lower = better for investors

20.7

* 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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