550 15th St
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550 15th St #703

B

San Diego, CA 92101

$374,900
NEW — 2d

Beds

Baths

1

Sqft

526

Year Built

2006

Days on Market

2

Property Type

Condo

HOA/mo

$485

MLS ID

260012080SD

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

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

$2,865

Principal & Interest$1,896
Property Tax$375
Insurance$109
HOA$485
%($74,980)
%

Location

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Investment Score

58B
Est. Monthly Rent
$2,437
Monthly Cashflow

Rent − PITIA

$-428
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,301

Mortgage (P+I)
$1,896
Cap Rate
1.91%
Cash-on-Cash
-20.81%
DSCR

Need ≥ 1.25 for DSCR loan

0.85
Break-even Rent
$4,126

NOI (Annual)
$7,142
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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