5885 El Cajon Blvd #116
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5885 El Cajon Blvd #116

Atop 10%

San Diego, CA 92115

$419,999
STR: check · no permits in this complex · TOT 12.75%

23 licensed short-term rentals within ½ mile (10 whole home), from the cities' license and permit lists of Nov 13, 2026.

No unit in this 57-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: -$1,661/mo full cashflow at 20% down, 7.36% rate.

Works at $202,665 (52% under asking), or at 78% down.

Rent $2,810/mo from 15 leases of 2-bed condos & townhomes within 1 mi ($2,913–$3,149).

Beds

2

Baths

2

Sqft

1,123

Year Built

1984

Days on Market

150

Property Type

Condo

HOA/mo

$615

MLS ID

260010469SD

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

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About This Property

Ideally situated near SDSU! This bright and spacious residence offers convenient access to San Diego State University, making it an excellent option for those looking to live close to campus while enjoying the comfort of a larger home. The open-concept floor plan features warm wood-look flooring, abundant natural light, and a generous living area with plenty of flexibility for relaxing, studying, dining, and entertaining. The kitchen features ample cabinetry and counter space, a breakfast peninsula with sink, and a combination of white cabinetry and warm wood accents. The kitchen flows seamlessly into the dining and living areas, creating a functional space for everyday living. Large sliding glass doors bring in plenty of natural light and open to a private outdoor balcony/patio area. The spacious primary bedroom offers plenty of room for furnishings and features access to a well-appointed bathroom with an extended vanity, dual-sink setup, quartz-style countertops, large mirrors, and generous storage. A walk-in closet with built-in shelving provides excellent organization and storage space. Additional highlights include wood-look flooring throughout, updated lighting fixtures, neutral trim, ample storage, and a versatile layout. Conveniently located near El Cajon Boulevard, SDSU, shopping, restaurants, entertainment, public transportation, and major roadways, offering easy access to surrounding San Diego communities.

Mortgage Calculator

Est. Monthly Payment

$3,475

Principal & Interest$2,317
Property Tax$420
Insurance$122
HOA$615
%($84,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Pendleton Elementary · grades K-5 · San Diego Unified

  • Middle

    Mann Middle · grades 6-8 · San Diego Unified

  • High

    Crawford 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.

Investment Score

57A
Est. Monthly Rent
$2,810

15 leases of 2-bed condos & townhomes within 1 mi · $2,913–$3,149

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$664
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,661

What would make this work?

$1,661/mo short at 20% down; 78% down or +$2,157/mo rent closes it.

Break-even price

52% under asking

$202,665
Break-even rent

$2,157/mo above the estimate

$4,967/mo
Cashflow at 35% down
−$1,226/mo
Down payment to break even

$327,599 cash

78%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,317
Cap Rate
2.28%
Cash-on-Cash
-23.72%
DSCR

Need ≥ 1.25 for DSCR loan

0.81

NOI (Annual)
$9,566
Price-to-Rent

Lower = better for investors

12.5

* Modelled at 20% down, 7.36% 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−$1,661/mo