5700 Bates St
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5700 Bates St #6

B

San Diego, CA 92115

$435,000
NEW — 1d

Beds

2

Baths

2

Sqft

874

Year Built

1982

Days on Market

1

Property Type

Condo

HOA/mo

$320

MLS ID

260010376SD

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

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About This Property

FHA approved! With limited options available in this price range, this well-maintained condo offers a chance to own in a secure gated community without compromising on space or functionality. This bright and practical layout features two full bathrooms and a spacious primary suite with its own private bath and walk-in closet, a rare find at this price point. The kitchen is equipped with granite countertops, a newer over-the-range microwave, and a brand-new dishwasher, adding both style and convenience. Additional improvements include a newer water heater (approx. 2 years old) and updated toilets for added peace of mind. Enjoy your own private balcony surrounded by greenery, along with the comfort of in-unit laundry (washer and dryer included) and extra storage. The home includes one assigned parking space plus ample guest parking within the community. Ideally located just 10 minutes from San Diego State University (SDSU) and within walking distance to shopping, grocery stores, and dining, making everyday living incredibly convenient. Whether you're a first-time buyer, looking to downsize, or exploring rental potential, this home offers a strong combination of value, location, and long-term opportunity.

Mortgage Calculator

Est. Monthly Payment

$3,081

Principal & Interest$2,200
Property Tax$435
Insurance$127
HOA$320
%($87,000)
%

Location

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Investment Score

51B
Est. Monthly Rent
$2,359
Monthly Cashflow

Rent − PITIA

$-723
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,628

Mortgage (P+I)
$2,200
Cap Rate
1.58%
Cash-on-Cash
-22.45%
DSCR

Need ≥ 1.25 for DSCR loan

0.77
Break-even Rent
$4,473

NOI (Annual)
$6,863
Price-to-Rent

Lower = better for investors

15.4

* 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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