5228 Augustana Place
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.
31 licensed short-term rentals within ½ mile (16 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$4,990/mo full cashflow at 20% down, 7.36% rate.
Works at $526,912 (55% under asking), or at 82% down.
Rent $5,230/mo from 10 leases of 3–5 bed houses within 1 mi ($4,516–$5,165).
Beds
4
Baths
3
Sqft
1,840
Year Built
1976
Days on Market
0
Property Type
Single Family
HOA/mo
N/A
MLS ID
PTP2608377
This property is in San Diego (92115). View neighborhood stats →
About This Property
Perched along the canyon in coveted El Cerrito Heights, this thoughtfully renovated 4-bedroom, 3-bath home offers panoramic hillside, canyon and sunset views, expansive outdoor living, and a sought-after cul-de-sac setting. The light-filled interior features luxury vinyl plank flooring throughout, custom tile, an open-concept living area, and a kitchen with stainless-steel appliances and a center island. Major updates include new electrical, windows, plumbing, and owned solar, providing added peace of mind. Two generously sized bedrooms are located on the upper level, with two additional bedrooms on the lower level, offering flexible space for guests, a home office, or media room. Step outside to two large rear decks designed for entertaining, relaxing, and taking in the canyon views and evening sunsets. The private, fenced front yard enhances curb appeal, while the oversized rear lot presents excellent potential for future enjoyment. Conveniently located near SDSU, major freeways, shopping, and dining.
Mortgage Calculator
Est. Monthly Payment
$8,034
Location
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Zoned Schools
Elementary
Hardy Elementary · grades K-5 · San Diego Unified
Middle
Lewis Middle · grades 6-8 · San Diego Unified
High
Henry 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
$5,230
Comp Average
$5,072
4565 62nd St
4bd / 3ba · 1,829 sqft · Single Family
$799K
Est. $4,984/mo
5388 Redding Road
4bd / 2ba · 1,861 sqft · Single Family
$1000K
Est. $5,213/mo
4911 Campanile Drive
4bd / 3ba · 1,843 sqft · Single Family
$1.30M
Est. $5,268/mo
5295 Joan Court
4bd / 2ba · 1,717 sqft · Single Family
$1.25M
Est. $4,969/mo
5476 Maisel Way
5bd / 3ba · 1,840 sqft · Single Family
$1.35M
Est. $4,925/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
10 leases of 3–5 bed houses within 1 mi · $4,516–$5,165
Blended 50/50 with the zip's market median ($5,472)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,990/mo short at 20% down; 82% down or +$6,480/mo rent closes it.
- Break-even price
- $526,912
- Break-even rent
- $11,710/mo
- Cashflow at 35% down
- −$3,769/mo
- Down payment to break even
- 82%
- Rate to break even
- Not reachable
55% under asking
$6,480/mo above the estimate
$967,518 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% 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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