5612 Meade
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5612 Meade

D

San Diego, CA 92115

$999,999
NEW — 3d on market

Beds

3

Baths

2

Sqft

1,682

Year Built

1960

Days on Market

3

Property Type

Single Family

HOA/mo

N/A

MLS ID

260008393SD

This property is in San Diego (92115). View neighborhood stats →

About This Property

If you’ve been waiting for a larger single-story home in El Cerrito Heights, opportunities like this don’t come up often—especially at this price. Offering more square footage than many recent neighborhood sales, this home presents a rare chance to secure space, layout, and long-term potential in a highly competitive market. This Mediterranean ranch-style home, blends timeless character with thoughtful updates throughout. Inside, hardwood floors (refinished recently) flow through a functional layout featuring a comfortable living room with fireplace, a spacious bonus family room, and a bright dining area—creating multiple living spaces that are increasingly hard to find in the neighborhood. The kitchen is clean and well-maintained with stainless steel appliances, including a newer oven, stove, microwave, and refrigerator, offering flexibility to enjoy as-is or customize over time. The generous primary suite includes direct access to the backyard, creating a seamless indoor-outdoor connection. Additional improvements include a newer roof, central air conditioning with Nest thermostat (installed 2017), and a newer front-loading washer. Outside, the property features a private, usable yard with a renovated deck, pergola, and a newer spa (installed January 2025), along with new rear fencing—ideal for relaxing or entertaining. Alley access enhances the property’s versatility, with strong potential for ADU development or additional income-producing possibilities. Homes offering this combination of size, layout, and long-term potential rarely come available in this neighborhood.

Mortgage Calculator

Est. Monthly Payment

$6,348

Principal & Interest$5,057
Property Tax$1,000
Insurance$292
%($200,000)
%

Location

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Investment Score

4D
Est. Monthly Rent
$4,369
Monthly Cashflow

Rent − PITIA

$-1,980
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,818

Mortgage (P+I)
$5,057
Cap Rate
1.49%
Cash-on-Cash
-22.91%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.69
Break-even Rent
$9,327

NOI (Annual)
$14,866
Price-to-Rent

Lower = better for investors

19.1

* 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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