640 Camino De La Reina #1309
Ctop 80%San Diego, CA 92108
5 licensed short-term rentals within ½ mile (1 whole home), from the cities' license and permit lists of Nov 4, 2026.
No unit in this 24-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: -$3,129/mo full cashflow at 20% down, 7.49% rate.
Works at $289,463 (58% under asking), or at 85% down.
Rent $3,851/mo from 9 leases of 3-bed condos & townhomes within 1 mi ($3,751–$4,419).
Beds
3
Baths
2
Sqft
1,330
Year Built
1995
Days on Market
46
Property Type
Condo
HOA/mo
$733
MLS ID
260022975SD
This property is in San Diego (92108). View neighborhood stats →
About This Property
Welcome to Rio Del Oro, one of Mission Valley's most sought after gated communities. This 3 bedroom, 2 bath residence offers 1,330 square feet with a smart split floor plan that keeps the bedrooms separated for real privacy. Living, dining and kitchen areas flow together and open to a private deck, with a fireplace anchoring the main living space. The kitchen is finished with stainless steel appliances and Corian countertops. The spacious primary suite includes a generous walk in closet and a full en suite bath. Plantation shutters and brand new dual pane windows add comfort and efficiency throughout. Full size washer and dryer in the unit, central air and two reserved underground parking spaces complete the package. Resort style amenities include pool, spa, fitness center and clubhouse. Just outside the gates is the San Diego River trail with miles of scenic walking, plus Fashion Valley, Hazard Center, Snapdragon Stadium, the beaches and the 8, 163, 15 and 5.
Mortgage Calculator
Est. Monthly Payment
$5,515
Location
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Zoned Schools
Elementary
Nipaquay Elementary · grades K-5 · San Diego Unified
Middle
Taft Middle · grades 6-8 · San Diego Unified
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
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.
Comparable Properties
5 comps foundThis Property
$3,851
Comp Average
$3,728
6747 Friars Rd
3bd / 2ba · 1,279 sqft · Condo
$619K
Est. $3,742/mo
2958 Escala Circle
3bd / 3ba · 1,279 sqft · Condo
$775K
Est. $4,199/mo
580 Camino De La Reina
2bd / 2ba · 1,274 sqft · Condo
$625K
Est. $3,136/mo
640 Camino De La Reina
3bd / 2.5ba · 1,479 sqft · Condo
$790K
Est. $4,073/mo
8233 Station Village Ln
2bd / 2ba · 1,274 sqft · Condo
$710K
Est. $3,488/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of 3-bed condos & townhomes within 1 mi · $3,751–$4,419
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,129/mo short at 20% down; 85% down or +$4,063/mo rent closes it.
- Break-even price
- $289,463
- Break-even rent
- $7,914/mo
- Cashflow at 35% down
- −$2,401/mo
- Down payment to break even
- 85%
- Rate to break even
- Not reachable
58% under asking
$4,063/mo above the estimate
$590,750 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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