6070 Rancho Mission Road

6070 Rancho Mission Road

Btop 30%

San Diego, CA 92108

$324,900
NEW — 0d

Pass at asking: -$1,522/mo full cashflow at 20% down, 7.43% rate.

Works at $126,720 (61% under asking), or at 88% down.

Rent $1,990/mo from 8 leases of 1-bed condos & townhomes within 0.5 mi ($1,802–$1,841).

Beds

1

Baths

1

Sqft

530

Year Built

1977

Days on Market

0

Property Type

Condo

HOA/mo

$559

MLS ID

PTP2608268

This property is in San Diego (92108). View neighborhood stats →

Virtual Tour

About This Property

Completely remodeled, top-floor and move-in ready, this home delivers exceptional value in the heart of San Diego. Overlooking a peaceful, park-like courtyard surrounded by mature greenery, landscaped grounds and tranquil fountains, the setting feels surprisingly quiet and inviting while keeping you close to everything. Inside, nearly every surface has been refreshed, including the kitchen and bathroom, new flooring, modern lighting and smooth ceilings with the original popcorn texture removed. Bedroom fits a California King size mattress (go see for yourself). The location is hard to beat. Snapdragon Stadium, the San Diego River Park and miles of walking and biking trails are just minutes away, along with shopping, dining, fitness and the trolley. Leave the car at home and ride directly to SDSU, Downtown, Little Italy, East County and destinations throughout San Diego. The surrounding neighborhood continues to evolve with significant investment and development, including the expanding SDSU Mission Valley campus, new housing, restaurants, retail and community amenities. Set within a controlled-access community, residents enjoy two pools, a fitness center, tennis courts, BBQ areas, on-site storage, resident parking and convenient guest parking. VA approved, HELOC Purchase approved (much lower rate) with SuperFast Fiber Internet. Updated, connected and centrally located, this is an opportunity that's tough to beat in the heart of San Diego.

Mortgage Calculator

Est. Monthly Payment

$2,784

Principal & Interest$1,805
Property Tax$325
Insurance$95
HOA$559
%($64,980)
%
Loan Term

Location

Loading map...

Investment Score

49B
Est. Monthly Rent
$1,990

8 leases of 1-bed condos & townhomes within 0.5 mi · $1,802–$1,841

Blended 50/50 with the zip's market median ($2,159)

Monthly Cashflow

Rent − PITIA

-$794
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,522

What would make this work?

$1,522/mo short at 20% down; 88% down or +$1,977/mo rent closes it.

Break-even price

61% under asking

$126,720
Break-even rent

$1,977/mo above the estimate

$3,967/mo
Cashflow at 35% down
−$1,184/mo
Down payment to break even

$285,912 cash

88%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$1,805
Cap Rate
1.41%
Cash-on-Cash
-28.11%
DSCR

Need ≥ 1.25 for DSCR loan

0.71

NOI (Annual)
$4,586
Price-to-Rent

Lower = better for investors

13.6

* 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.

Open Full Calculator
BCashflow−$1,522/mo