5217 Monroe Avenue
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5217 Monroe Avenue

Ctop 80%

San Diego, CA 92115

$875,000
NEW — 0d
STR-eligible · San Diego Tier 3 · TOT 12.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

26 licensed short-term rentals within ½ mile (9 whole home), from the cities' license and permit lists of Nov 5, 2026.

Pass at asking: -$4,435/mo full cashflow at 20% down, 7.49% rate.

Works at $300,000 (66% under asking), or at 93% down.

Rent $3,005/mo from 10 leases of 1–3 bed houses within 1 mi ($3,122–$3,667).

Beds

2

Baths

1

Sqft

1,040

Year Built

1920

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2610021

This property is in San Diego (92115). View neighborhood stats →

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About This Property

Welcome to 5217 Monroe Avenue, a beautifully refreshed, move-in-ready bungalow offering the warmth and character of a classic San Diego home. Inside, an inviting open floor plan creates a natural connection between the living spaces, complemented by a cozy, contemporary aesthetic and carpet-free flooring throughout. The kitchen features modern cabinetry, stainless steel appliances, and a convenient breakfast bar opening to the adjoining living and dining areas. The single-story layout offers two comfortable bedrooms, including one with dual closets, and an updated bathroom with contemporary finishes. Outside, a fenced front yard features a charming pergola with string lighting, a paver patio, and low-maintenance lawn, creating an inviting space for outdoor dining and relaxation. Recent improvements include fresh interior and exterior paint, new pavers, replaced perimeter fencing, updated landscaping, a new sump pump, 2022 water heater, window treatments throughout, ceiling fans, light fixtures, a 2025 Samsung refrigerator, and more. Mini-split heating and air conditioning units in the living room and primary bedroom, a home security system, water softener system, reverse osmosis, privacy gate, and dedicated rear parking add everyday comfort and convenience. An exceptional bonus is the fully owned and paid-off solar system operating under the desirable NEM 2.0 program, which remains with the property upon transfer of ownership. The current owner reports no monthly electricity charges beyond the annual true-up, with historical savings estimated at $200–$450 per month depending on usage. Future savings may vary. Nestled in Talmadge, celebrated for its historic gates, distinctive architecture, and charming residential streets, this delightful bungalow combines neighborhood character with modern convenience. Charming without feeling dated, thoughtfully updated without losing its personality, and ready to welcome its next chapter.

Mortgage Calculator

Est. Monthly Payment

$6,020

Principal & Interest$4,890
Property Tax$875
Insurance$255
%($175,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Fay Elementary · grades PK-5 · San Diego Unified

  • Middle

    Mann Middle · grades 6-8 · San Diego Unified

  • High

    Crawford High · grades 9-12 · San Diego Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

14C
Est. Monthly Rent
$3,005

10 leases of 1–3 bed houses within 1 mi · $3,122–$3,667

Blended 50/50 with the zip's market median ($2,795)

Monthly Cashflow

Rent − PITIA

-$3,015
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,435

What would make this work?

$4,435/mo short at 20% down; 93% down or +$5,760/mo rent closes it.

Break-even price

66% under asking

$300,000
Break-even rent

$5,760/mo above the estimate

$8,765/mo
Cashflow at 35% down
−$3,518/mo
Down payment to break even

$813,750 cash

93%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,890
Cap Rate
0.83%
Cash-on-Cash
-30.41%
DSCR

Need ≥ 1.25 for DSCR loan

0.50

NOI (Annual)
$7,259
Price-to-Rent

Lower = better for investors

24.3

* 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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CCashflow−$4,435/mo