808 Mateo St #2
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808 Mateo St #2

Btop 30%

Chula Vista, CA 91911

$625,000
STR limited · Chula Vista residents only · TOT 10%

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

Pass at asking: -$2,489/mo full cashflow at 20% down, 7.43% rate.

Works at $300,844 (52% under asking), or at 78% down.

Rent $3,618/mo from 8 leases of 3-bed condos & townhomes within 2 mi ($3,244–$3,486).

Beds

3

Baths

2.5

Sqft

1,320

Year Built

2024

Days on Market

49

Property Type

Townhouse

HOA/mo

$475

MLS ID

260023040SD

This property is in Chula Vista (91911). Browse neighborhood analytics →

Virtual Tour

About This Property

Welcome to this beautifully upgraded 3-bedroom, 2.5-bath townhome in the desirable Luna at Sunbow community. PRIME LOCATION! One of the standout features of this home is its private setting, with no homes directly in front and a peaceful pedestrian walkway just outside your front door creating an open, inviting feel that’s hard to find within the community and stands out from the newer construction options. Step inside to a bright, open-concept floor plan. The home features an upgraded flooring package throughout, white shaker cabinetry, beautiful Lyra quartz countertops, stainless steel appliances, a walk-in pantry, and a convenient downstairs powder room. Upstairs you’ll find all 3 bedrooms, including a spacious primary suite with an en-suite bath and walk-in closet, along with an upstairs laundry area. Enjoy SoCal living from your upgraded front patio featuring beautiful custom pavers. The attached 2-car garage includes an EV charger and the home is equipped with leased SOLAR, offering an additional energy-efficient feature. LOCATION IS EVERYTHING! Perfectly positioned across from Sunbow’s resort-style amenities, this home offers incredible convenience with the fitness center, swimming pool & spa, BBQ areas, basketball and pickleball courts, and children’s playground just steps away. The community also offers a clubhouse, parks and additional outdoor spaces. With modern finishes, beautiful upgrades, solar, added privacy, a prime community location, and an attractive new price, this home presents an outstanding opportunity to enjoy low-maintenance living in Chula Vista!

Mortgage Calculator

Est. Monthly Payment

$4,754

Principal & Interest$3,472
Property Tax$625
Insurance$182
HOA$475
%($125,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Valle Lindo Elementary · grades PK-6 · Chula Vista Elementary

  • Middle

    Rancho del Rey Middle · grades 7-8 · Sweetwater Union High

  • High

    Otay Ranch Senior 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

48B
Est. Monthly Rent
$3,618

8 leases of 3-bed condos & townhomes within 2 mi · $3,244–$3,486

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,136
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,489

What would make this work?

$2,489/mo short at 20% down; 78% down or +$3,233/mo rent closes it.

Break-even price

52% under asking

$300,844
Break-even rent

$3,233/mo above the estimate

$6,851/mo
Cashflow at 35% down
−$1,838/mo
Down payment to break even

$487,500 cash

78%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,472
Cap Rate
2.23%
Cash-on-Cash
-23.90%
DSCR

Need ≥ 1.25 for DSCR loan

0.76

NOI (Annual)
$13,967
Price-to-Rent

Lower = better for investors

14.4

* 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−$2,489/mo