6761 Fashion Hills Blvd
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6761 Fashion Hills Blvd

Ctop 80%

San Diego, CA 92111

$1,199,000
STR: check · no permits in this complex · TOT 12.75%

22 licensed short-term rentals within ½ mile (11 whole home), from the cities' license and permit lists of Nov 13, 2026.

No unit in this 65-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: -$6,378/mo full cashflow at 20% down, 7.36% rate.

Works at $364,473 (70% under asking), or at 98% down.

Rent $4,284/mo from 11 leases of 2–4 bed condos & townhomes within 0.5 mi, same school area ($4,163–$5,394).

Beds

3

Baths

2.5

Sqft

2,065

Year Built

1981

Days on Market

58

Property Type

Townhouse

HOA/mo

$513.6

MLS ID

260022625SD

This property is in San Diego (92111). Browse neighborhood analytics →

Virtual Tour

About This Property

Wonderful Townhouse at the Vistas at Fashion Heights. This model is rarely on the market. End unit location with Panoramic views of Mission Valley. 2 car garage attached. Living room has a Fireplace lounge area next to the Dining room area.. Large balcony with panoramic views of Mission Valley. Dinette area. next to the kitchen. Primary Bedroom has a lounge area. Walk in closet. Primary bathroom is like a suite. Has jacuzzi tub. and separate area for the shower. Walk-in closet. Location has easy access to Hwy 163 and Hwy 8, and minutes from Downtown San Diego or the beach. This townhouse is in its original condition.

Mortgage Calculator

Est. Monthly Payment

$8,677

Principal & Interest$6,615
Property Tax$1,199
Insurance$350
HOA$514
%($239,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Carson Elementary · grades PK-5 · San Diego Unified

  • Middle

    Montgomery 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.

Renovation math

Flagged Light Value-Add from the listing remarks — “original condition”.

Asking now
$1.20M

$581/sqft

Worth finished
$979K

$474/sqft × 2,065 sqft

Already above finished value
−$220,391

$107/sqft over

Comparable finished homes nearby suggest this is worth about $979K — below the asking price. A renovation here has to be funded out of the purchase, not the spread.

Rent once renovated

Rent at par
$5,040/mo

$2.44/sqft × 2,065 sqft, median of 5 comps

Cashflow at that rent
−$5,796/mo

cap rate 1.07%, DSCR 0.58

Buying at asking and achieving par rent, excluding the renovation spend itself. We don't publish a current-condition rent: no listing remark says how much work a home needs, and mid-renovation it earns nothing.

Based on 5 comparable homes of the same property type and size currently listed nearby — asking prices and modelled rents, not closed sales. A contractor's scope, not this page, decides what a renovation actually costs.

Investment Score

5C
Est. Monthly Rent
$4,284

11 leases of 2–4 bed condos & townhomes within 0.5 mi, same school area · $4,163–$5,394

Blended 50/50 with the zip's market median ($3,937)

Monthly Cashflow

Rent − PITIA

-$4,394
Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,378

What would make this work?

$6,378/mo short at 20% down; 98% down or +$8,283/mo rent closes it.

Break-even price

70% under asking

$364,473
Break-even rent

$8,283/mo above the estimate

$12,567/mo
Cashflow at 35% down
−$5,138/mo
Down payment to break even

$1,175,020 cash

98%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,615
Cap Rate
0.45%
Cash-on-Cash
-31.92%
DSCR

Need ≥ 1.25 for DSCR loan

0.49

NOI (Annual)
$5,413
Price-to-Rent

Lower = better for investors

23.3

* Modelled at 20% down, 7.36% 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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CCashflow−$6,378/mo