5865 Friars Rd #3104
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5865 Friars Rd #3104

Atop 10%

San Diego, CA 92110

$440,000
STR: check · no permits in this complex · TOT 12.75%

22 licensed short-term rentals within ½ mile (18 whole home), from the cities' license and permit lists of Nov 1, 2026.

No unit in this 68-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: -$1,792/mo full cashflow at 20% down, 7.49% rate.

Works at $207,552 (53% under asking), or at 79% down.

Rent $2,668/mo from 1 lease in this building (±1 bed).

Beds

1

Baths

1

Sqft

816

Year Built

1988

Days on Market

92

Property Type

Condo

HOA/mo

$453

MLS ID

260018590SD

This property is in San Diego (92110). View neighborhood stats →

Virtual Tour

About This Property

Gorgeous! Move in ready! Priced to sell! Welcome to The Courtyards, where resort-style living meets everyday convenience! This beautiful, highly updated ground-floor corner unit features a private lanai, offering the perfect space to relax and enjoy the peaceful surroundings. Inside, you'll find gorgeous luxury vinyl plank flooring (no carpet!), a cozy fireplace in the living room, and a beautifully remodeled kitchen with quartz countertops. The home is exceptionally clean and tastefully updated throughout, with ample storage, an updated bathroom featuring a spacious walk-in shower and modern vanity, plus the convenience of an in-unit washer and dryer. The Courtyards is a gated, guard-gated community with assigned underground secured parking and an impressive array of resort-style amenities, including two swimming pools, spas, tennis courts, racquetball courts, a fitness center, sauna, library, and tranquil water features woven throughout the beautifully landscaped grounds. It's the perfect place to enjoy a morning stroll or unwind after a busy day. Ideally located just minutes from Fashion Valley Mall, outstanding restaurants, the YMCA, schools, and major freeways, this home offers both luxury and convenience in one of San Diego's most desirable central locations.

Mortgage Calculator

Est. Monthly Payment

$3,480

Principal & Interest$2,459
Property Tax$440
Insurance$128
HOA$453
%($88,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Carson Elementary · grades PK-5 · San Diego Unified

  • Middle

    Montgomery Middle · grades 6-8 · San Diego Unified

  • High

    Kearny Digital Media & Design · grades 9-12 · San Diego Unified

    or Kearny School of Biomedical Science and Technology · grades 9-12 · San Diego Unified

    or Kearny College Connections · grades 9-12 · San Diego Unified

    or Kearny Eng Innov & Design · grades 9-12 · San Diego Unified

    Choice area: the district lets families here pick either school.

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

Investment Score

54A
Est. Monthly Rent
$2,668

1 lease in this building (±1 bed)

Thin data: only 1 lease behind this number.

Monthly Cashflow

Rent − PITIA

-$812
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,792

What would make this work?

$1,792/mo short at 20% down; 79% down or +$2,327/mo rent closes it.

Break-even price

53% under asking

$207,552
Break-even rent

$2,327/mo above the estimate

$4,995/mo
Cashflow at 35% down
−$1,331/mo
Down payment to break even

$347,600 cash

79%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,459
Cap Rate
2.18%
Cash-on-Cash
-24.44%
DSCR

Need ≥ 1.25 for DSCR loan

0.77

NOI (Annual)
$9,601
Price-to-Rent

Lower = better for investors

13.7

* 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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ACashflow−$1,792/mo