6333 College Grove Way

6333 College Grove Way

D

San Diego, CA 92115

$499,000

Beds

3

Baths

2

Sqft

1,024

Year Built

1973

Days on Market

83

Property Type

Condo

HOA/mo

$534

MLS ID

2600191SD

Description

A must see FHA & VA approved, affordable 3-bedroom, 2-bath condo! This single-level, first-floor unit is ideally located within Lake Park Villas, conveniently situated near the community laundry facilities and within a short walk to the pool, without being directly in front of it, providing extra privacy & less pool-related noise. The home offers three bedrooms, including a primary suite, generous dining area with a smooth flow into the kitchen and laminate wood flooring throughout. The living room feels open and inviting, with a sliding glass door leading to a fenced front patio, perfect for extending your living space outdoors. A large storage closet under the stairwell provides excellent additional storage.PARKING: 1 assigned space + 1 first come-first serve, always plenty of availability. This home for first-time buyers, VA buyers, and those using down-payment assistance (ask us about options). HOA fees including water/hot water/trash/sewer/common area maintenance/limited insurance. Conveniently located near Chollas Lake and just minutes from SDSU & walking distance to shopping and restaurants (Target, Walmart, Kohls) with easy freeway access.

Mortgage Calculator

Est. Monthly Payment

$3,702

Principal & Interest$2,523
Property Tax$499
Insurance$146
HOA$534
%($99,800)
%

Investment Score

8D
Est. Monthly Rent
$3,398
Monthly Cashflow

Rent − PITI − HOA

$-304
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,502

Mortgage (P+I)
$2,523
Cap Rate
2.46%
Cash-on-Cash
-18.06%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.92
Break-even Rent
$5,348

NOI (Annual)
$12,260
Price-to-Rent

Lower = better for investors

12.2

* 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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