5217 Monroe Avenue
Ctop 80%San Diego, CA 92115
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 →
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
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.
Comparable Properties
5 comps foundThis Property
$3,005
Comp Average
$3,247
6468 Cleo Street
3bd / 1ba · 996 sqft · Single Family
$799K
Est. $3,742/mo
5478 Gilbert Drive
3bd / 2ba · 1,020 sqft · Single Family
$799K
Est. $3,343/mo
5148 Rincon
2bd / 1ba · 1,088 sqft · Single Family
$795K
Est. $3,147/mo

4325 Athens
2bd / 1ba · 1,178 sqft · Single Family
$850K
Est. $3,112/mo
4333 58th Street
2bd / 1ba · 931 sqft · Single Family
$820K
Est. $2,890/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
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)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,435/mo short at 20% down; 93% down or +$5,760/mo rent closes it.
- Break-even price
- $300,000
- Break-even rent
- $8,765/mo
- Cashflow at 35% down
- −$3,518/mo
- Down payment to break even
- 93%
- Rate to break even
- Not reachable
66% under asking
$5,760/mo above the estimate
$813,750 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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