5983 Gaines Street

5983 Gaines Street

D

San Diego, CA 92110

$890,000

Beds

3

Baths

2.5

Sqft

1,601

Year Built

1980

Days on Market

51

Property Type

Townhouse

HOA/mo

$665

MLS ID

PTP2600973

Description

Park Place Estates, Premier Development, located at the west end of Mission Valley. 3 bedroom, 2.5bath End Unit Townhome with a 2-car attached garage. 1601 Estimated Square feet. Vaulted Ceilings with floor to ceiling stone fireplace. Travertine Stone entry, kitchen & laundry room. New Vinyl flooring in Master Bedroom. South facing unit with loads of light. Panoramic Views from your Living area and balcony off the dining room & French Doors. Eat in kitchen with breakfast bar. Primary Master Retreat with a second large outdoor living area, dual mirrored closets and sinks, Roman tub and shower. Separate Laundry Room (full size Washer & Dryer) / Utility Room between the Kitchen & Attached Double Car Garage. Complex has a beautiful pool area with a built in Spa and clubhouse. Lush landscaped grounds, with grassy areas, trees & areas for walking dogs. Half a mile from USD or 3 minute drive. Fashion Valley Mall 1.2 miles, Mission Bay Park ,only 3 miles away,. Great bike path on Friars Road to Sea World Drive & Fiesta Island approximately 2 mile away.

Mortgage Calculator

Est. Monthly Payment

$6,315

Principal & Interest$4,500
Property Tax$890
Insurance$260
HOA$665
%($178,000)
%

Investment Score

5D
Est. Monthly Rent
$4,962
Monthly Cashflow

Rent − PITI − HOA

$-1,353
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,236

Mortgage (P+I)
$4,500
Cap Rate
1.70%
Cash-on-Cash
-21.82%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.79
Break-even Rent
$9,165

NOI (Annual)
$15,169
Price-to-Rent

Lower = better for investors

14.9

* 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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