550 15th St
1 / 20

550 15th St #703

A

San Diego, CA 92101

$364,900

Beds

Baths

1

Sqft

526

Year Built

2006

Days on Market

35

Property Type

Condo

HOA/mo

$485

MLS ID

260012080SD

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

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About This Property

Come enjoy everything downtown has to offer in this light & bright 7th-floor studio at The Element! Freshly painted with brand new flooring, this beautifully updated unit offers a functional layout with granite countertops, stackable washer & dryer, dishwasher, a beautiful wood room divider, a stylish new bathroom vanity and A/C. Enjoy the convenience of secure parking plus a dedicated storage room. Residents of The Element also enjoy fantastic amenities including a fully equipped fitness center and a beautifully furnished courtyard complete with seating, BBQ, and firepit. Whether you're a first-time buyer, investor, or looking for the perfect downtown condo, this is a fantastic opportunity you won’t want to miss.

Mortgage Calculator

Est. Monthly Payment

$2,801

Principal & Interest$1,845
Property Tax$365
Insurance$106
HOA$485
%($72,980)
%

Location

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Investment Score

58B
Est. Monthly Rent
$2,372
Monthly Cashflow

Rent − PITIA

$-429
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,279

Mortgage (P+I)
$1,845
Cap Rate
1.86%
Cash-on-Cash
-21.03%
DSCR

Need ≥ 1.25 for DSCR loan

0.85
Break-even Rent
$4,033

NOI (Annual)
$6,797
Price-to-Rent

Lower = better for investors

12.8

* 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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