7118 Conestoga
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7118 Conestoga

Ctop 80%

San Diego, CA 92120

$999,000
STR-eligible · San Diego Tier 3 · TOT 12.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

10 licensed short-term rentals within ½ mile (7 whole home), from the cities' license and permit lists of Nov 1, 2026.

Pass at asking: -$4,286/mo full cashflow at 20% down, 7.49% rate.

Works at $443,379 (56% under asking), or at 82% down.

Rent $4,441/mo from 13 leases of 3-bed houses within 2 mi ($4,206–$4,568).

Beds

3

Baths

2

Sqft

1,402

Year Built

1964

Days on Market

43

Property Type

Single Family

HOA/mo

N/A

MLS ID

260022742SD

This property is in San Diego (92120). View neighborhood stats →

Virtual Tour

About This Property

3-bedroom, 2-bath single-level home with pool is tucked away on a quiet Allied Gardens cul-de-sac with no HOA. The neighborhood is currently benefiting from major SDG&E infrastructure upgrades. Once completed, the street is scheduled to be newly paved, giving the area updated utilities and a fresh new appearance. Move-in ready with brand-new flooring, two remodeled bathrooms, and fresh interior and exterior paint. The modern kitchen opens to a bright living area with large windows overlooking the backyard and pool. Enjoy a private dark-bottom pool, covered patio, low-maintenance landscaping, storage shed, and additional driveway space for a small RV, boat, trailer, or recreational toys. Section 1 termite clearance has been completed and will be provided. Centrally located near Mission Trails Regional Park, shopping, dining, freeways, Downtown, and popular San Diego destinations. 3-bedroom, 2-bath single-level home with pool is tucked away on a quiet Allied Gardens cul-de-sac with no HOA. The neighborhood is currently benefiting from major SDG&E infrastructure upgrades. Once completed, the street is scheduled to be newly paved, giving the area updated utilities and a fresh new appearance. Move-in ready with brand-new flooring, two remodeled bathrooms, and fresh interior and exterior paint. The modern kitchen opens to a bright living area with large windows overlooking the backyard and pool. Enjoy a private dark-bottom pool, covered patio, low-maintenance landscaping, storage shed, and additional driveway space for a small RV, boat, trailer, or recreational toys. Section 1 termite clearance has been completed and will be provided. Centrally located near Mission Trails Regional Park, shopping, dining, freeways, Downtown, and popular San Diego destinations.

Mortgage Calculator

Est. Monthly Payment

$6,873

Principal & Interest$5,583
Property Tax$999
Insurance$291
%($199,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Marvin Elementary · grades K-5 · San Diego Unified

  • Middle

    Lewis Middle · grades 6-8 · San Diego Unified

  • High

    Henry High · grades 9-12 · San Diego Unified

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

25C
Est. Monthly Rent
$4,441

13 leases of 3-bed houses within 2 mi · $4,206–$4,568

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$2,432
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,286

What would make this work?

$4,286/mo short at 20% down; 82% down or +$5,566/mo rent closes it.

Break-even price

56% under asking

$443,379
Break-even rent

$5,566/mo above the estimate

$10,007/mo
Cashflow at 35% down
−$3,239/mo
Down payment to break even

$819,180 cash

82%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,583
Cap Rate
1.82%
Cash-on-Cash
-25.74%
DSCR

Need ≥ 1.25 for DSCR loan

0.65

NOI (Annual)
$18,229
Price-to-Rent

Lower = better for investors

18.7

* 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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CCashflow−$4,286/mo