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5691 Adobe Falls Rd #B
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5691 Adobe Falls Rd #B

Ctop 80%

San Diego, CA 92120

$739,900
NEW — 2d
STR: check · no permits in this complex · TOT 12.75%

8 licensed short-term rentals within ½ mile (5 whole home), from the cities' license and permit lists of Nov 6, 2026.

No unit in this 33-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.

Pass at asking: -$3,522/mo full cashflow at 20% down, 7.43% rate.

Works at $281,321 (62% under asking), or at 89% down.

Rent $3,793/mo from 26 leases of 2–4 bed condos & townhomes within 2 mi ($3,319–$3,633).

Beds

3

Baths

2

Sqft

1,433

Year Built

1982

Days on Market

2

Property Type

Townhouse

HOA/mo

$760

MLS ID

260026050SD

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

About This Property

Nestled within the sought after Smoke Tree community, this desirable single story townhome offers the privacy & feel of a detached residence. Large 3 bedroom, 2 bathroom (1,433 sq.ft.) features vaulted ceilings, newer luxury vinyl plank floors throughout, dual pane windows, an atrium, & an abundance of natural light. Living room is inviting with a brick fireplace & direct access to a large west facing private patio on a greenbelt. Beautifully remodeled kitchen with quartz counter tops, abundant cabinet storage, & newer appliances. Centrally located to restaurants, shops & 8 freeway. Excellent opportunity to own a great townhome and be a part of an wonderful community!

Mortgage Calculator

Est. Monthly Payment

$5,826

Principal & Interest$4,110
Property Tax$740
Insurance$216
HOA$760
%($147,980)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Foster 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.

Comparable Properties

5 comps found

This Property

$3,793

vs

Comp Average

$3,501

3514 Mission Mesa Way

3514 Mission Mesa Way

3bd / 3ba · 1,397 sqft · Townhouse

$750K

Est. $3,800/mo

3646 Mission Mesa Way

3646 Mission Mesa Way

3bd / 2.5ba · 1,397 sqft · Townhouse

$700K

Est. $3,337/mo

7982 Mission

7982 Mission

2bd / 2.5ba · 1,618 sqft · Townhouse

$745K

Est. $3,533/mo

7410 Caminito Carlotta

7410 Caminito Carlotta

2bd / 2.5ba · 1,652 sqft · Townhouse

$779K

Est. $3,503/mo

7966 Mission

7966 Mission

3bd / 3ba · 1,397 sqft · Condo

$820K

Est. $3,330/mo

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

Investment Score

27C
Est. Monthly Rent
$3,793

26 leases of 2–4 bed condos & townhomes within 2 mi · $3,319–$3,633

Blended 50/50 with the zip's market median ($4,166)

Monthly Cashflow

Rent − PITIA

-$2,033
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,522

What would make this work?

$3,522/mo short at 20% down; 89% down or +$4,574/mo rent closes it.

Break-even price

62% under asking

$281,321
Break-even rent

$4,574/mo above the estimate

$8,367/mo
Cashflow at 35% down
−$2,752/mo
Down payment to break even

$658,511 cash

89%
Rate to break even

Negative even at a 0% loan

Not reachable
Mortgage (P+I)
$4,110
Cap Rate
1.26%
Cash-on-Cash
-28.56%
DSCR

Need ≥ 1.25 for DSCR loan

0.65
NOI (Annual)
$9,333
Price-to-Rent

Lower = better for investors

16.3

* Modelled at 20% down, 7.43% 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−$3,522/mo