5618 Meredith Avenue
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5618 Meredith Avenue

D

San Diego, CA 92120

$1,175,000
NEW — 3d

Soft Appraisal Value: $1,150,300 · 2.1% above estimate

Beds

3

Baths

2

Sqft

1,636

Year Built

1957

Days on Market

3

Property Type

Single Family

HOA/mo

N/A

MLS ID

PW26121480

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

Virtual Tour

About This Property

Wonderful home in a wonderful Del Cerro location! It starts with very appealing curb appeal highlighted by attractive artificial turf, tile style roof and a beautiful olive tree providing shade to a sitting area in the front yard. As you enter the house you immediately are drawn to the open beamed wood ceilings, wood floors and the abundance of natural light that fills the living room due to the floor to ceiling windows and slider. Very easy floorplan to navigate with the recently updated kitchen at the center of the home. There is a family area off the kitchen that also provides access to a patio area in the backyard. Windows and sliders were replaced within the last 5 years. Sewer line underneath the house was also replaced within the last 5 years and clean outs were recently added. Primary bedroom has a connecting primary bathroom that has been updated. Backyard is an open canvas ready for your buyer's imagination with a nice canyon view to watch the sunsets. This home is owned by a longtime owner and is priced well, making it a great value.

Mortgage Calculator

Est. Monthly Payment

$7,459

Principal & Interest$5,941
Property Tax$1,175
Insurance$343
%($235,000)
%

Location

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Investment Score

9D
Est. Monthly Rent
$4,397
Monthly Cashflow

Rent − PITIA

$-3,062
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,053

Mortgage (P+I)
$5,941
Cap Rate
0.91%
Cash-on-Cash
-25.80%
DSCR

Need ≥ 1.25 for DSCR loan

0.59
Break-even Rent
$10,959

NOI (Annual)
$10,662
Price-to-Rent

Lower = better for investors

22.3

* 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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