881 Thomas
Ctop 80%San Diego, CA 92109
Pass at asking: -$3,512/mo full cashflow at 20% down, 7.43% rate.
Works at $392,714 (54% under asking), or at 80% down.
Rent $4,671/mo from 9 leases of 1–3 bed condos & townhomes within 0.5 mi ($4,429–$5,597).
Beds
2
Baths
2
Sqft
1,066
Year Built
1974
Days on Market
0
Property Type
Condo
HOA/mo
$580
MLS ID
260026548SD
This property is in San Diego (92109). View neighborhood stats →
About This Property
Start the morning with coffee and ocean and bay views from your private balcony, then head two blocks to the sand. This refreshed 2-bedroom, 2-bath condo at 881 Thomas Avenue #26 makes it easy to enjoy Pacific Beach on foot or by bike. Inside, fresh paint, new flooring, and updated fixtures give the home a clean, inviting feel, and in-unit laundry makes beach days a little easier. Set in a small, gated complex, the home includes two underground parking spaces, additional storage, and elevator access. Residents also have access to an exercise room and a community room with a full kitchen for gatherings. Spend the morning surfing or biking the boardwalk, grab lunch along Mission Boulevard, then head to Mission Bay or Crown Point for a paddle or a picnic by the water. In the evening, walk to dinner, explore the neighborhood's nightlife, or come home to catch the sunset from your balcony. With coffee shops, local boutiques, and restaurants close by and convenient access to I-5, this condo makes a day at the beach feel like part of your everyday routine.
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Est. Monthly Payment
$6,400
Location
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Comparable Properties
5 comps foundThis Property
$4,671
Comp Average
$3,924

4600 Lamont St
2bd / 2ba · 1,032 sqft · Condo
$595K
Est. $3,749/mo
1855 Diamond Street
2bd / 2ba · 1,032 sqft · Condo
$679K
Est. $3,723/mo
1278 Pacific Beach
2bd / 2ba · 1,032 sqft · Condo
$840K
Est. $4,123/mo
1801 Diamond Street
2bd / 2ba · 1,033 sqft · Condo
$675K
Est. $3,578/mo
4944 Cass Street
2bd / 2ba · 1,100 sqft · Condo
$1.10M
Est. $4,448/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of 1–3 bed condos & townhomes within 0.5 mi · $4,429–$5,597
Blended 50/50 with the zip's market median ($4,308)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,512/mo short at 20% down; 80% down or +$4,561/mo rent closes it.
- Break-even price
- $392,714
- Break-even rent
- $9,232/mo
- Cashflow at 35% down
- −$2,626/mo
- Down payment to break even
- 80%
- Rate to break even
- Not reachable
54% under asking
$4,561/mo above the estimate
$680,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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