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566 1st Avenue
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566 1st Avenue

Btop 30%

Chula Vista, CA 91910

$799,999
NEW — 0d
STR limited · Chula Vista residents only · TOT 10%

Pass at asking: -$3,327/mo full cashflow at 20% down, 7.49% rate.

Works at $368,571 (54% under asking), or at 80% down.

Rent $3,692/mo from 11 leases of 2–4 bed houses within 1 mi ($3,308–$3,619).

Beds

3

Baths

2

Sqft

1,331

Year Built

1950

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

PTP2608193

This property is in Chula Vista (91910). Browse neighborhood analytics →

Virtual Tour

About This Property

This beautiful midcentury modern home is located in the heart of the iconic Chula Vista Christmas Circle * Beautifully updated 3-Bedroom, 2-Bath home offers 1,331 sq. ft. of living space on a 5,800 sq. ft. lot. The remodeled kitchen features stainless steel appliances, quartz countertops, and a stunning granite waterfall island. Enjoy year-round entertaining in the private backyard with a custom brick fireplace and adjustable barbecue grill. Additional highlights include newer central A/C, heat pump, solar, dual-pane windows, RV parking, and no HOA. Conveniently located near the Chula Vista Bayfront, Third Avenue Village, shopping, dining, parks, schools, military bases, and major freeways. A rare opportunity to own a move-in-ready home in one of Chula Vista’s most beloved neighborhoods!

Mortgage Calculator

Est. Monthly Payment

$5,504

Principal & Interest$4,471
Property Tax$800
Insurance$233
%($160,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Hilltop Drive Elementary · grades K-6 · Chula Vista Elementary

  • Middle

    Hilltop Middle · grades 7-8 · Sweetwater Union High

  • High

    Hilltop Senior High · grades 9-12 · Sweetwater Union High

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

Comparable Properties

5 comps found

This Property

$3,692

vs

Comp Average

$3,693

152 First Ave

152 First Ave

3bd / 1.5ba · 1,090 sqft · Single Family

$675K

Est. $3,306/mo

208 Nixon

208 Nixon

3bd / 2ba · 1,604 sqft · Single Family

$827K

Est. $3,944/mo

819 Arroyo Place

819 Arroyo Place

3bd / 2ba · 1,540 sqft · Single Family

$900K

Est. $4,024/mo

137 Millan Street

137 Millan Street

3bd / 1.5ba · 982 sqft · Single Family

$825K

Est. $3,345/mo

1343 Blue Falls Dr

1343 Blue Falls Dr

3bd / 3ba · 1,426 sqft · Single Family

$965K

Est. $3,845/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

37B
Est. Monthly Rent
$3,692

11 leases of 2–4 bed houses within 1 mi · $3,308–$3,619

Blended 50/50 with the zip's market median ($3,942)

Monthly Cashflow

Rent − PITIA

-$1,812
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,327

What would make this work?

$3,327/mo short at 20% down; 80% down or +$4,321/mo rent closes it.

Break-even price

54% under asking

$368,571
Break-even rent

$4,321/mo above the estimate

$8,013/mo
Cashflow at 35% down
−$2,489/mo
Down payment to break even

$639,999 cash

80%
Rate to break even

Negative even at a 0% loan

Not reachable
Mortgage (P+I)
$4,471
Cap Rate
1.99%
Cash-on-Cash
-24.96%
DSCR

Need ≥ 1.25 for DSCR loan

0.67
NOI (Annual)
$15,933
Price-to-Rent

Lower = better for investors

18.1

* 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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BCashflow−$3,327/mo