7217 Farmdale Street

7217 Farmdale Street

Btop 30%

San Diego, CA 92114

$995,000
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.

3 licensed short-term rentals within ½ mile (1 whole home), from the cities' license and permit lists of Nov 9, 2026.

Pass at asking: -$3,560/mo full cashflow at 20% down, 7.43% rate.

Works at $531,452 (47% under asking), or at 72% down.

Rent $5,301/mo from 25 leases of houses within 2 mi, size-adjusted ($5,710–$6,062).

Beds

5

Baths

3

Sqft

3,066

Year Built

1960

Days on Market

—

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026672SD

This property is in San Diego (92114). Browse neighborhood analytics →

About This Property

**RARE FIND IN HIGHLAND PARK ESTATES - ENCANTO!** Not your ordinary home, not your ordinary opportunity as homes like this rarely go on the market! Discover this distinctive, custom-enhanced property nestled in the quiet Highland Park Estates neighborhood, near Paradise Hills and National City. Originally built in 1960, this home blends vintage charm with modern improvements and exceptional versatility. A 2015 expansion added approximately 1,035 sq. ft., including two bedrooms, a bathroom, and a spacious open kitchen with granite island, perfect for entertaining. Featuring 5 bedrooms, 3 bathrooms, and 2 additional permitted rooms with potential bedroom use, this home offers flexible living possibilities. Highlights include tile flooring, iron security gates, and a rare second-story balcony with westward views toward San Diego Bay and Point Loma. Situated on an expansive 12,800 sq. ft. lot, the customized outdoor space features concrete recreation areas, a pool table, workout space, mature fruit trees, and lush vegetation extending toward Paradise Valley Road. Ideal for multigenerational living or investors exploring room rentals or independent living opportunities, subject to applicable approvals. Conveniently located near shopping, schools, and medical facilities. A property full of character, possibilities, and room to make it uniquely yours! *PROFESSIONAL PHOTOS TO FOLLOW*

Mortgage Calculator

Est. Monthly Payment

$6,813

Principal & Interest$5,528
Property Tax$995
Insurance$290
%($199,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Boone Elementary · grades K-5 · San Diego Unified

  • Middle

    Bell Middle · grades 6-8 · San Diego Unified

  • High

    Morse 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

43B
Est. Monthly Rent
$5,301

25 leases of houses within 2 mi, size-adjusted · $5,710–$6,062

Blended 50/50 with the zip's market median ($4,806)

Monthly Cashflow

Rent − PITIA

-$1,512
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,560

What would make this work?

$3,560/mo short at 20% down; 72% down or +$4,623/mo rent closes it.

Break-even price

47% under asking

$531,452
Break-even rent

$4,623/mo above the estimate

$9,924/mo
Cashflow at 35% down
−$2,524/mo
Down payment to break even

$716,400 cash

72%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,528
Cap Rate
2.69%
Cash-on-Cash
-21.47%
DSCR

Need ≥ 1.25 for DSCR loan

0.78

NOI (Annual)
$26,792
Price-to-Rent

Lower = better for investors

15.6

* Modelled at 20% down, 7.43% 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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BCashflow−$3,560/mo