530 K
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530 K #615

C

San Diego, CA 92101

$525,000
NEW — 2d

Beds

2

Baths

2

Sqft

937

Year Built

2005

Days on Market

2

Property Type

Condo

HOA/mo

$781.93

MLS ID

260010186SD

This property is in San Diego (92101). View neighborhood stats →

About This Property

Highly motivated seller! Best value in downtown by a mile! A 2 bed, 2 bath condo for under $600k in this area is rare, but $525k is unheard of. This is a well maintained and partially upgraded unit in the perfect downtown location. 1 block to Petco Park. Walking distance to the Marina District and East Village, on the south, quiet end of the bustling Gaslamp Quarter. Surrounded by shops and restaurants of all kinds and 1.5 blocks to the trolley stop. Experience downtown living at its finest! Split master unit with an ensuite bathroom in each bedroom (with access to the 2nd bathroom via the common area as well). In-unit laundry, central AC, and a spacious balcony. This condo has it all!

Mortgage Calculator

Est. Monthly Payment

$4,115

Principal & Interest$2,655
Property Tax$525
Insurance$153
HOA$782
%($105,000)
%

Location

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Investment Score

34C
Est. Monthly Rent
$2,888
Monthly Cashflow

Rent − PITIA

$-1,227
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,328

Mortgage (P+I)
$2,655
Cap Rate
0.75%
Cash-on-Cash
-26.61%
DSCR

Need ≥ 1.25 for DSCR loan

0.70
Break-even Rent
$5,912

NOI (Annual)
$3,916
Price-to-Rent

Lower = better for investors

15.1

* 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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