7188 Melotte St
Ctop 80%San Diego, CA 92119
One license per person in San Diego: whether you can hold it depends on you, not only the home.
3 licensed short-term rentals within ½ mile (3 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$5,703/mo full cashflow at 20% down, 7.36% rate.
Works at $552,777 (57% under asking), or at 84% down.
Rent $5,486/mo from 13 leases of 3–5 bed houses within 2 mi ($5,162–$5,765).
Beds
4
Baths
2.5
Sqft
2,277
Year Built
1980
Days on Market
105
Property Type
Single Family
HOA/mo
N/A
MLS ID
260018582SD
This property is in San Diego (92119). Browse neighborhood analytics →
About This Property
Reduced! Welcome to 7188 Melotte St in San Diego—at the foot of Cowles Mountain and a stones throw from Mission Trails Golf Course, a wonderful opportunity to enjoy effortless indoor-outdoor living. This inviting home features central air conditioning for year-round comfort, a private pool perfect for relaxing or entertaining, and fully paid solar for valuable energy savings with no solar lease payments. Whether you’re cooling off on a sunny afternoon or hosting friends by the pool, this home is ready for the best of the San Diego lifestyle.
Mortgage Calculator
Est. Monthly Payment
$8,845
Location
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Zoned Schools
Elementary
Dailard Elementary · grades K-5 · San Diego Unified
Middle
Pershing 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.
Comparable Properties
5 comps foundThis Property
$5,486
Comp Average
$5,286
8314 Lake Gaby Avenue
4bd / 3ba · 2,119 sqft · Single Family
$1.22M
Est. $5,133/mo
6880 Maury
4bd / 2.5ba · 2,064 sqft · Single Family
$1.25M
Est. $5,259/mo
7957 Blue Lake Drive
4bd / 3ba · 2,364 sqft · Single Family
$1.30M
Est. $5,390/mo
7320 Jackson Drive
5bd / 3ba · 2,120 sqft · Single Family
$1.28M
Est. $5,276/mo
6369 LAKE LUCERNE
4bd / 3ba · 2,238 sqft · Single Family
$1.65M
Est. $5,371/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
13 leases of 3–5 bed houses within 2 mi · $5,162–$5,765
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$5,703/mo short at 20% down; 84% down or +$7,407/mo rent closes it.
- Break-even price
- $552,777
- Break-even rent
- $12,893/mo
- Cashflow at 35% down
- −$4,359/mo
- Down payment to break even
- 84%
- Rate to break even
- Not reachable
57% under asking
$7,407/mo above the estimate
$1,091,160 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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