801 National City Blvd #1011
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801 National City Blvd #1011

Btop 30%

National City, CA 91950

$306,000
STR limited · National City: capped, owner nearby · TOT 10%

An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.

Pass at asking: -$1,605/mo full cashflow at 20% down, 7.43% rate.

Works at $97,056 (68% under asking), or at 96% down.

Rent $1,618/mo from 1 lease in this building. Previously leased for $1,600.

Beds

1

Baths

1

Sqft

500

Year Built

1990

Days on Market

116

Property Type

Condo

HOA/mo

$500.74

MLS ID

260017657SD

This property is in National City (91950). Browse neighborhood analytics →

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About This Property

Enjoy San Diego Bay with Coronado lights views from high attitude and the convenience of urban living in downtown National City. This cute 1-bedroom, 1-bathroom condo offers coastal lifestyle with modern interior layout. The complex has gym, laundry room and pool with barbeque area. The unit comes with assigned gated, covered garage parking. It’s a pet’s friendly complex.

Mortgage Calculator

Est. Monthly Payment

$2,596

Principal & Interest$1,700
Property Tax$306
Insurance$89
HOA$501
%($61,200)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Central Elementary · grades K-6 · National Elementary

  • Middle

    National City Middle · grades 7-8 · Sweetwater Union High

  • High

    Sweetwater High · grades 9-12 · Sweetwater Union High

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

41B
Est. Monthly Rent
$1,618

Previously leased for $1,600

1 lease in this building

Monthly Cashflow

Rent − PITIA

-$978
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,605

What would make this work?

$1,605/mo short at 20% down; 96% down or +$2,084/mo rent closes it.

Break-even price

68% under asking

$97,056
Break-even rent

$2,084/mo above the estimate

$3,702/mo
Cashflow at 35% down
−$1,286/mo
Down payment to break even

$293,760 cash

96%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$1,700
Cap Rate
0.69%
Cash-on-Cash
-31.47%
DSCR

Need ≥ 1.25 for DSCR loan

0.62

NOI (Annual)
$2,112
Price-to-Rent

Lower = better for investors

15.8

* 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−$1,605/mo