6955 Alvarado Rd San Diego

6955 Alvarado Rd San Diego

D

, CA 92120

$456,500

Beds

2

Baths

2

Sqft

879

Year Built

1970

Days on Market

32

Property Type

Condo

HOA/mo

$638

MLS ID

260002268SD

Description

Light, bright & airy! This terrific, centrally located VA APPROVED condo is located on the top floor of the complex. The unit features a wonderful open floor plan w/ dual master suites, A NEW LARGE STACKED WASHER / DRYER IN THE LAUNDRY CLOSET, air conditioning & a good sized balcony perfect for those warm San Diego Summer nights. Among the many upgrades are fresh paint, new carpet, updated lighting fixtures and a new dishwasher. Please read the supplement for more! The complex is located close to SDSU, walking distance to the trolley and restaurants. Amenities include a wonderful pool, BBQ area and plenty of grass to play on. Welcome home!

Mortgage Calculator

Est. Monthly Payment

$3,536

Principal & Interest$2,308
Property Tax$457
Insurance$133
HOA$638
%($91,300)
%

Investment Score

17D
Est. Monthly Rent

Market Rent Estimate

$2,827
Monthly Cashflow

Rent − PITI − HOA

$-709
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,739

Mortgage (P+I)
$2,308
Cap Rate
1.50%
Cash-on-Cash
-9.32%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

1.22
Break-even Rent
$3,536

NOI (Annual)
$6,826
Price-to-Rent

Lower = better for investors

13.5

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

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