577 Florence St
Ctop 80%Imperial Beach, CA 91932
Pass at asking: -$3,748/mo full cashflow at 20% down, 7.43% rate.
Works at $262,125 (65% under asking), or at 92% down.
Rent $2,614/mo from 15 leases of 1–3 bed houses within 1 mi ($2,572–$2,864).
Beds
2
Baths
2
Sqft
768
Year Built
1961
Days on Market
55
Property Type
Single Family
HOA/mo
N/A
MLS ID
PTP2607002
This property is in Imperial Beach (91932). Browse neighborhood analytics →
About This Property
GET UP TO 17K FOR RATE BUYDOWN OR CLOSING COSTS WITH ACCEPTABLE OFFER! Here’s an opportunity to make homeownership in Imperial Beach more affordable while getting a move-in-ready home with outdoor space, plenty of parking, and future potential. This charming 2-bedroom, 2-bath home features an updated kitchen, newer flooring, dual-pane windows, and a bright, comfortable layout. Outside, you’ll find a spacious yard, alley access, and a long driveway with room for multiple vehicles, RV or boat parking. The seller also has blueprints available for a proposed 1-bedroom ADU, offering additional possibilities for the property. Just a few houses from the Bayshore Bikeway and minutes from the beach, Imperial Beach Pier, shopping and dining, this home puts you close to everything that makes the IB lifestyle so special. With the right offer, the seller is willing to contribute toward a 2-1 interest rate buydown to help reduce the buyer’s initial monthly payments. Ask your agent for details and come see the possibilities at 577 Florence St!
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Est. Monthly Payment
$5,135
Location
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Zoned Schools
Elementary
Bayside STEAM Academy · grades K-6 · South Bay Union
Middle
Mar Vista Academy · grades 7-8 · Sweetwater Union High
High
Mar Vista 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
3 comps foundThis Property
$2,614
Comp Average
$2,763
980 Georgia St
2bd / 1ba · 775 sqft · Single Family
$600K
Est. $2,582/mo
523 8th St.
2bd / 1ba · 895 sqft · Single Family
$849K
Est. $2,972/mo
535 12th St
2bd / 1ba · 780 sqft · Single Family
$825K
Est. $2,735/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
15 leases of 1–3 bed houses within 1 mi · $2,572–$2,864
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,748/mo short at 20% down; 92% down or +$4,867/mo rent closes it.
- Break-even price
- $262,125
- Break-even rent
- $7,481/mo
- Cashflow at 35% down
- −$2,967/mo
- Down payment to break even
- 92%
- Rate to break even
- Not reachable
65% under asking
$4,867/mo above the estimate
$690,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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