5119 Lotus St San Diego

5119 Lotus St San Diego

D

, CA 92107

$1,050,000

Beds

1

Baths

1

Sqft

384

Year Built

1939

Days on Market

20

Property Type

Single Family

HOA/mo

N/A

MLS ID

260003318SD

Description

Whether you're a surf enthusiast chasing morning waves, a foodie exploring Newport Ave, or simply unwinding in a sun soaked coastal town, this Ocean Beach Cottage is the perfect coastal retreat. Ideally located close to everything -this completely remodeled & upgraded 1-bedroom house has all the space you need for living your best life in OB. Enjoy the laid back SoCal lifestyle with easy access to surf, sunsets, and seaside fun. OBs known for its welcoming dog friendly vibe, with weekly farmers markets and casual coastal charm. With strong rental appeal, this short term rental is a great choice for investors or anyone looking to share this lifestyle with guests year- round. Possible to buy with the one nextdoor at 5123 Lotus.

Mortgage Calculator

Est. Monthly Payment

$6,666

Principal & Interest$5,309
Property Tax$1,050
Insurance$306
%($210,000)
%

Investment Score

0D
Est. Monthly Rent

Market Rent Estimate

$2,251
Monthly Cashflow

Rent − PITI − HOA

$-4,414
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,807

Mortgage (P+I)
$5,309
Cap Rate
-0.57%
Cash-on-Cash
-25.22%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.42
Break-even Rent
$6,665

NOI (Annual)
$-5,973
Price-to-Rent

Lower = better for investors

38.9

* Defaults: 20% down, 6.5% rate, 30yr.

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