6111 Del Cerro Boulevard
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6111 Del Cerro Boulevard

Ctop 80%

San Diego, CA 92120

$1,449,000
NEW — 0d
STR-eligible · San Diego Tier 3 · TOT 12.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

10 licensed short-term rentals within ½ mile (5 whole home), from the cities' license and permit lists of Nov 6, 2026.

Pass at asking: -$7,513/mo full cashflow at 20% down, 7.43% rate.

Works at $470,944 (67% under asking), or at 95% down.

Rent $4,697/mo from 9 leases of 2–4 bed houses within 1 mi ($4,650–$5,275).

Beds

3

Baths

2

Sqft

1,714

Year Built

1961

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

PTP2608216

This property is in San Diego (92120). View neighborhood stats →

Virtual Tour

About This Property

Rare opportunity in one of Del Cerro's most coveted neighborhoods! 6111 Del Cerro Blvd is a remodeled home with VIEWS to San Diego. Inside, you'll find over 1,700 square feet featuring an open floor plan with tremendous natural light. Large open kitchen with island opens to the formal dining room and living room with dramatic fireplace. Off the formal dining room is the sunroom that is perfect for your morning coffee or evening glass of wine while taking in the views of San Diego. The brand new kitchen features stunning white oak cabinets, solid surface countertops, tiled backsplash and brand new stainless steel appliances. Both bathrooms have been thoughtfully updated top to bottom with tiled showers, brand new vanities and marble floors. Newer windows, and refreshed low maintenance landscaping make this a completely turn key home. Minutes from top-rated schools, hiking trails, shopping, dining, and easy freeway access, while still enjoying the peaceful feel that makes Del Cerro one of San Diego's most sought-after communities. Must see to appreciate!

Mortgage Calculator

Est. Monthly Payment

$9,921

Principal & Interest$8,050
Property Tax$1,449
Insurance$423
%($289,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Hearst Elementary · grades K-5 · San Diego Unified

  • Middle

    Lewis Middle · grades 6-8 · San Diego Unified

  • High

    Henry 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

6C
Est. Monthly Rent
$4,697

9 leases of 2–4 bed houses within 1 mi · $4,650–$5,275

Blended 50/50 with the zip's market median ($4,604)

Monthly Cashflow

Rent − PITIA

-$5,225
Full Cashflow

Incl. vacancy, PM, maint, capex

-$7,513

What would make this work?

$7,513/mo short at 20% down; 95% down or +$9,757/mo rent closes it.

Break-even price

67% under asking

$470,944
Break-even rent

$9,757/mo above the estimate

$14,454/mo
Cashflow at 35% down
−$6,003/mo
Down payment to break even

$1,376,550 cash

95%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$8,050
Cap Rate
0.64%
Cash-on-Cash
-31.11%
DSCR

Need ≥ 1.25 for DSCR loan

0.47

NOI (Annual)
$9,264
Price-to-Rent

Lower = better for investors

25.7

* 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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CCashflow−$7,513/mo