6350 Genesee Ave San Diego

6350 Genesee Ave San Diego

D

, CA 92122

$359,900

Beds

1

Baths

1

Sqft

578

Year Built

1985

Days on Market

46

Property Type

Condo

HOA/mo

$326

MLS ID

260001317SD

Description

Huge price improvement!!! Welcome to Regency Villas located in the vibrant University City neighborhood of San Diego, CA. Easy access to the 52, I-5, and I-805 . Less than a 10 minute drive to La Jolla and Westfield UTC Mall. This well-maintainedcondo offers a comfortable living space and a convenient location that is sure to impress. Situated on the second floor, this1-bedroom, 1-bathroom condo provides a cozy and private atmosphere. The bedroom offers a peaceful retreat, and theadjacent bathroom ensures convenience and privacy. Step outside onto the outdoor patio/balcony, where you can relaxand enjoy the pleasant San Diego weather. It's the perfect spot to unwind after a long day or entertain guests. Residents of this condo have the benefit of a dedicated resident parking lot, ensuring hassle-free parking. Additionally, the communityfeatures a club house with various amenities, providing opportunities for socializing and enjoying recreational activities.Please note that one occupant must be 62 years or older, promoting a peaceful and serene environment for residents.

Mortgage Calculator

Est. Monthly Payment

$2,611

Principal & Interest$1,820
Property Tax$360
Insurance$105
HOA$326
%($71,980)
%

Investment Score

20D
Est. Monthly Rent

Estimated Rent

$2,009
Monthly Cashflow

Rent − PITI − HOA

$-602
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,364

Mortgage (P+I)
$1,820
Cap Rate
1.52%
Cash-on-Cash
-10.03%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

1.10
Break-even Rent
$2,611

NOI (Annual)
$5,473
Price-to-Rent

Lower = better for investors

14.9

* Defaults: 20% down, 6.5% rate, 30yr.

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