831 Hickory Ct.

831 Hickory Ct.

Atop 10%

Imperial Beach, CA 91932

$799,000
NEW — 0d

Pass at asking: -$2,823/mo full cashflow at 20% down, 7.43% rate.

Works at $431,373 (46% under asking), or at 71% down.

Rent $4,303/mo from 9 leases of 3-bed houses within 1 mi ($3,695–$4,621).

Beds

3

Baths

3

Sqft

1,420

Year Built

1958

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026498SD

This property is in Imperial Beach (91932). Browse neighborhood analytics →

About This Property

THIS IS THE ONE YOU NEED TO SEE IN PERSON!** One of the BEST VALUES in Imperial Beach, offering a rare combination of SIZE, LAYOUT, LOCATION, and PAID-OFF SOLAR! Some homes simply have more to offer than photos can capture, and this is one of them! THREE bedrooms, THREE FULL bathrooms, including TWO EN-SUITE BEDROOMS!** A floor plan this functional is incredibly hard to find, especially in a single-story coastal home! From the generously sized primary suite to the flexible living spaces, this home offers the kind of room and versatility you don't fully appreciate until you walk through the door. The beautifully updated kitchen brings a fresh, modern feel to the home, complemented by light, neutral interiors ready for your personal style. A dedicated mudroom and laundry area, incredible storage throughout, and PAID-OFF SOLAR make this home as practical as it is appealing. And just wait until you see the backyard! Mature palm trees, spacious covered patios, storage sheds, and plenty of room to entertain, unwind, or create your own coastal oasis. There's space to enjoy today and even more potential to make it your own! THE SPACE IS HERE. THE LAYOUT IS RARE. THE VALUE IS REAL. With major improvements already in place and a location just minutes from the beach, Imperial Beach Pier, parks, dining, and everything that makes coastal living so desirable, this is an opportunity that deserves a closer look. Don't just scroll past this one. Come experience the space, appreciate the layout, and see for yourself why this home stands out from the rest!

Mortgage Calculator

Est. Monthly Payment

$5,471

Principal & Interest$4,439
Property Tax$799
Insurance$233
%($159,800)
%
Loan Term

Location

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Investment Score

51A
Est. Monthly Rent
$4,303

9 leases of 3-bed houses within 1 mi · $3,695–$4,621

Blended 50/50 with the zip's market median ($4,197)

Monthly Cashflow

Rent − PITIA

-$1,168
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,823

What would make this work?

$2,823/mo short at 20% down; 71% down or +$3,667/mo rent closes it.

Break-even price

46% under asking

$431,373
Break-even rent

$3,667/mo above the estimate

$7,970/mo
Cashflow at 35% down
−$1,991/mo
Down payment to break even

$567,290 cash

71%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,439
Cap Rate
2.75%
Cash-on-Cash
-21.20%
DSCR

Need ≥ 1.25 for DSCR loan

0.79

NOI (Annual)
$21,968
Price-to-Rent

Lower = better for investors

15.5

* 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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ACashflow−$2,823/mo