6255 Rancho Mission Road 217

Btop 30%

San Diego, CA 92108

$365,900

NEW — 1d

Pass at asking: -$1,752/mo full cashflow at 20% down, 7.49% rate.

Works at $138,857 (62% under asking), or at 89% down.

Rent $2,102/mo from 8 leases of 1-bed condos & townhomes within 0.5 mi ($2,022–$2,065).

Beds

Baths

Sqft

667

Year Built

1979

Days on Market

Property Type

Condo

HOA/mo

$548

MLS ID

260026086SD

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

About This Property

Inviting entry leads to nicely upgraded 1BR/1BA condo in quiet part of complex*Open kitchen with granite counters*Brand new AC/Heat unit*Tranquil and spacious balcony with large storage closet*Very open complex features large pool and spa, Clubhouse and large laundry area*Dedicated COVERED parking space and extra parking space available*No stairs required as easy elevator access from the parking area gets you to the second floor! Very pet friendly rules!! Easy access to freeways and all the exciting amenities Mission Valley has to offer!

Mortgage Calculator

Est. Monthly Payment

$3,065

Principal & Interest$2,045

Property Tax$366

Insurance$107

HOA$548

Down Payment

%($73,180)

Interest Rate

Loan Term

Location

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Comparable Properties

5 comps found

This Property

$2,102

Comp Average

$2,153

6202 Friars Rd

1bd / 1ba · 661 sqft · Condo

$339K

Est. $2,227/mo

6202 Friars Road

1bd / 1ba · 650 sqft · Condo

$345K

Est. $2,165/mo

6416 Friars

1bd / 1ba · 650 sqft · Condo

$375K

Est. $2,222/mo

6255 Rancho Mission Rd.

1bd / 1ba · 667 sqft · Condo

$365K

Est. $2,101/mo

6304 Friars Rd

1bd / 1ba · 650 sqft · Condo

$377K

Est. $2,050/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

46B

Est. Monthly Rent

$2,102

8 leases of 1-bed condos & townhomes within 0.5 mi · $2,022–$2,065

Blended 50/50 with the zip's market median ($2,161)

Monthly Cashflow

Rent − PITIA

-$964

Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,752

What would make this work?

$1,752/mo short at 20% down; 89% down or +$2,275/mo rent closes it.

Break-even price: $138,857
Break-even rent: $4,377/mo
Cashflow at 35% down: −$1,369/mo
Down payment to break even: 89%
Rate to break even: Not reachable

Mortgage (P+I)

$2,045

Cap Rate

1.30%

Cash-on-Cash

-28.73%

DSCR

Need ≥ 1.25 for DSCR loan

0.69

NOI (Annual)

$4,774

Price-to-Rent

Lower = better for investors

14.5

* 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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BCashflow−$1,752/mo