5545 Red River Dr

5545 Red River Dr

Ctop 80%

San Diego, CA 92120

$1,550,000
STR-eligible · San Diego Tier 3 · TOT 12.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

8 licensed short-term rentals within ½ mile (5 whole home), from the cities' license and permit lists of Nov 1, 2026.

Pass at asking: -$7,516/mo full cashflow at 20% down, 7.49% rate.

Works at $575,595 (63% under asking), or at 90% down.

Rent $5,766/mo from 17 leases of 3–5 bed houses within 2 mi ($5,442–$5,861).

Beds

4

Baths

3

Sqft

2,347

Year Built

1967

Days on Market

—

Property Type

Single Family

HOA/mo

N/A

MLS ID

260025852SD

This property is in San Diego (92120). View neighborhood stats →

About This Property

Remodeled top to bottom, this 4-bedroom, 3-bath home offers about 2,347 sq ft of fresh, move-in-ready living on a large, private lot. Every space has been thoughtfully updated, from the open main living areas to the finishes throughout, giving you a new-construction feel in one of San Diego's most loved neighborhoods. The showpiece is the primary suite: a true retreat with serene canyon views and a spa-inspired bathroom that has to be seen to be believed. A flexible bonus room just off the suite works perfectly as a home office, gym, or media room. The oversized family room flows from the kitchen and dining areas, making the home just as easy for everyday living as it is for hosting. Outside, the expansive and private lot gives you room to relax, play, and entertain, with space rarely found at this level of finish. The 2-car garage adds storage and convenience. You're close to Lake Murray, Mission Trails, local schools, shopping, and quick freeway access. Homes like this don't come along often. Come see it in person.

Mortgage Calculator

Est. Monthly Payment

$10,664

Principal & Interest$8,662
Property Tax$1,550
Insurance$452
%($310,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Marvin Elementary · grades K-5 · San Diego Unified

  • Middle

    Lewis Middle · grades 6-8 · San Diego Unified

  • High

    Henry High · grades 9-12 · San Diego Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

11C
Est. Monthly Rent
$5,766

17 leases of 3–5 bed houses within 2 mi · $5,442–$5,861

Blended 50/50 with the zip's market median ($5,867)

Monthly Cashflow

Rent − PITIA

-$4,898
Full Cashflow

Incl. vacancy, PM, maint, capex

-$7,516

What would make this work?

$7,516/mo short at 20% down; 90% down or +$9,761/mo rent closes it.

Break-even price

63% under asking

$575,595
Break-even rent

$9,761/mo above the estimate

$15,527/mo
Cashflow at 35% down
−$5,892/mo
Down payment to break even

$1,395,000 cash

90%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$8,662
Cap Rate
1.11%
Cash-on-Cash
-29.09%
DSCR

Need ≥ 1.25 for DSCR loan

0.54

NOI (Annual)
$17,213
Price-to-Rent

Lower = better for investors

22.4

* Modelled at 20% down, 7.49% 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.

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CCashflow−$7,516/mo