824 Makani Street #1
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824 Makani Street #1

Btop 30%

Chula Vista, CA 91911

$619,900
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: -$2,520/mo full cashflow at 20% down, 7.43% rate.

Works at $291,894 (53% under asking), or at 79% down.

Rent $3,249/mo from 8 leases of 2-bed condos & townhomes within 2 mi ($3,058–$3,160).

Beds

2

Baths

2.5

Sqft

1,143

Year Built

2024

Days on Market

57

Property Type

Townhouse

HOA/mo

$260

MLS ID

PTP2606957

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

Virtual Tour

About This Property

Considering a new build but don't want to wait for it to be built? 824 Makani St Unit 1 is your next best option. This 1143 sq ft townhome located in the Prism development of the Sunbow community was completed in mid 2024. With high ceilings and meticulously curated layout, this home lives and feels much larger. The entry level features a 2 car garage with ample storage and this is where you will notice the Solar battery and electric car charging station. Moving up to the main level of the home you will find an open concept joining the large kitchen, dining and living rooms with access to a private use balcony overlooking the common areas with a view. The top floor is composed of the bedrooms and separate bathrooms. The primary suite comes complete with a walk-in closet and ensuite bathroom also with a view. Although attached, your privacy as well as your peace and quiet are not sacrificed. If this newer turnkey home wasn't enough, the new growing community has a dog park, pool/spa area, recreation courts, and even its own gym. Commuters will enjoy the quick access to the freeway. Come see this unique opportunity today before it's too late!

Mortgage Calculator

Est. Monthly Payment

$4,505

Principal & Interest$3,444
Property Tax$620
Insurance$181
HOA$260
%($123,980)
%
Loan Term

Location

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Investment Score

46B
Est. Monthly Rent
$3,249

8 leases of 2-bed condos & townhomes within 2 mi · $3,058–$3,160

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,256
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,520

What would make this work?

$2,520/mo short at 20% down; 79% down or +$3,272/mo rent closes it.

Break-even price

53% under asking

$291,894
Break-even rent

$3,272/mo above the estimate

$6,521/mo
Cashflow at 35% down
−$1,874/mo
Down payment to break even

$489,721 cash

79%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,444
Cap Rate
2.10%
Cash-on-Cash
-24.39%
DSCR

Need ≥ 1.25 for DSCR loan

0.72

NOI (Annual)
$13,040
Price-to-Rent

Lower = better for investors

15.9

* 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−$2,520/mo