5511 Adelaide Avenue

5511 Adelaide Avenue

D

San Diego, CA 92115

$414,900

Soft Appraisal Value: $399,300 · 3.9% above estimate

Beds

2

Baths

1

Sqft

875

Year Built

1959

Days on Market

73

Property Type

Condo

HOA/mo

$481

MLS ID

PTP2600399

Description

Why rent when you can own? This charming 2 bedroom condo offers an incredible opportunity to enjoy homeownership in a prime location and is also VA approved. Ideally situated near SDSU and within walking distance to popular shops and dining. Inside, you'll find brand new carpet, luxury vinyl planking, dual pane windows, granite countertops, in-unit laundry and a spacious living area. Includes an assigned covered parking space and access to a community pool. HOA fees cover water, sewer, trash and the common areas. Whether you are a first time buyer, student or investor, this unit is priced to sell!

Mortgage Calculator

Est. Monthly Payment

$3,115

Principal & Interest$2,098
Property Tax$415
Insurance$121
HOA$481
%($82,980)
%

Investment Score

4D
Est. Monthly Rent
$2,319
Monthly Cashflow

Rent − PITI − HOA

$-796
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,675

Mortgage (P+I)
$2,098
Cap Rate
1.22%
Cash-on-Cash
-24.22%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.74
Break-even Rent
$4,494

NOI (Annual)
$5,076
Price-to-Rent

Lower = better for investors

14.9

* 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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