6394 Rancho Mission Rd #121
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6394 Rancho Mission Rd #121

Atop 10%

San Diego, CA 92108

$315,000
STR: check · no permits in this complex · TOT 12.75%

3 licensed short-term rentals within ½ mile (0 whole home), from the cities' license and permit lists of Nov 7, 2026.

No unit in this 68-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.

Pass at asking: -$1,288/mo full cashflow at 20% down, 7.43% rate.

Works at $147,268 (53% under asking), or at 79% down.

Rent $1,969/mo from 8 leases of 1-bed condos & townhomes within 0.5 mi, same school area ($1,761–$1,799).

Beds

1

Baths

1

Sqft

506

Year Built

1979

Days on Market

45

Property Type

Condo

HOA/mo

$385

MLS ID

260023179SD

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

Virtual Tour

About This Property

Currently the lowest priced condo in Mission Valley, with HOA dues well below the others in the area! This ground level one bedroom, one bath home at Friars Pointe offers new appliances, a water filtration system, and room to add your personal touch. Enjoy the pool, spa, and clubhouse. Less than half a mile to Snapdragon Stadium, with restaurants and shopping a short walk away. Easy access to the trolley, SDSU, and the 8 and 15. Low cost ownership in one of San Diego's most connected neighborhoods!

Mortgage Calculator

Est. Monthly Payment

$2,542

Principal & Interest$1,750
Property Tax$315
Insurance$92
HOA$385
%($63,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Foster Elementary · grades K-5 · San Diego Unified

    or Juarez Elementary · grades K-5 · San Diego Unified

    Choice area: the district lets families here pick either school.

  • Middle

    Lewis Middle · grades 6-8 · San Diego Unified

    or Taft Middle · grades 6-8 · San Diego Unified

    Choice area: the district lets families here pick either school.

  • High

    Kearny Digital Media & Design · grades 9-12 · San Diego Unified

    or Kearny School of Biomedical Science and Technology · grades 9-12 · San Diego Unified

    or Kearny College Connections · grades 9-12 · San Diego Unified

    or Kearny Eng Innov & Design · grades 9-12 · San Diego Unified

    or Henry High · grades 9-12 · San Diego Unified

    Choice area: the district lets families here pick either school.

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

59A
Est. Monthly Rent
$1,969

8 leases of 1-bed condos & townhomes within 0.5 mi, same school area · $1,761–$1,799

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

Monthly Cashflow

Rent − PITIA

-$573
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,288

What would make this work?

$1,288/mo short at 20% down; 79% down or +$1,673/mo rent closes it.

Break-even price

53% under asking

$147,268
Break-even rent

$1,673/mo above the estimate

$3,642/mo
Cashflow at 35% down
−$960/mo
Down payment to break even

$248,850 cash

79%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$1,750
Cap Rate
2.13%
Cash-on-Cash
-24.54%
DSCR

Need ≥ 1.25 for DSCR loan

0.77

NOI (Annual)
$6,721
Price-to-Rent

Lower = better for investors

13.3

* 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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ACashflow−$1,288/mo