5412 Adobe Falls Rd
Atop 10%San Diego, CA 92120
Pass at asking: -$1,699/mo full cashflow at 20% down, 7.43% rate.
Works at $217,757 (50% under asking), or at 76% down.
Rent $2,835/mo from 9 leases of 1–3 bed condos & townhomes within 1 mi ($2,742–$3,039).
Beds
2
Baths
2
Sqft
1,144
Year Built
1973
Days on Market
0
Property Type
Condo
HOA/mo
$510
MLS ID
PTP2608277
This property is in San Diego (92120). View neighborhood stats →
About This Property
LOCATION LOCATION LOCATION! Welcome to this spacious second-floor condo in Adobe Falls, just 3 minutes from San Diego State University. Vaulted ceilings and wood floors give the living area an open, airy feel, and the large covered balcony offers space to relax outdoors, plus extra storage. The 1,144 sq. ft. floor plan features two bedrooms, two full baths and along with dual-pane windows, 220 in bathroom for potential laundry hookup, and an assigned parking space. Enjoy two community pools, two spas, and a community room. Close to Mission Valley shopping malls, restaurants, and entertainment, with easy access to the 8, 15, and 805 freeways. VA approved complex!
Mortgage Calculator
Est. Monthly Payment
$3,516
Location
Loading map...
Comparable Properties
5 comps foundThis Property
$2,835
Comp Average
$2,764
6811 Alvarado Rd
2bd / 2ba · 1,139 sqft · Condo
$425K
Est. $2,746/mo
5462 Adobe Falls Rd
2bd / 2ba · 1,144 sqft · Condo
$469K
Est. $2,895/mo
6787 Alvarado Rd
2bd / 1.5ba · 1,120 sqft · Condo
$478K
Est. $2,856/mo
7683 Mission Gorge Rd
2bd / 2ba · 1,146 sqft · Condo
$525K
Est. $2,820/mo
5553 Adobe Falls
2bd / 2ba · 1,144 sqft · Condo
$485K
Est. $2,503/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of 1–3 bed condos & townhomes within 1 mi · $2,742–$3,039
Blended 50/50 with the zip's market median ($2,705)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,699/mo short at 20% down; 76% down or +$2,206/mo rent closes it.
- Break-even price
- $217,757
- Break-even rent
- $5,041/mo
- Cashflow at 35% down
- −$1,241/mo
- Down payment to break even
- 76%
- Rate to break even
- Not reachable
50% under asking
$2,206/mo above the estimate
$333,640 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% 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.
Open Full Calculator