8840 Hammond Dr
Ctop 80%San Diego, CA 92123
Pass at asking: -$4,872/mo full cashflow at 20% down, 7.43% rate.
Works at $450,601 (58% under asking), or at 85% down.
Rent $4,494/mo from 21 leases of 3-bed houses within 2 mi ($4,423–$4,858).
Beds
3
Baths
3
Sqft
1,497
Year Built
1957
Days on Market
0
Property Type
Single Family
HOA/mo
N/A
MLS ID
260026458SD
This property is in San Diego (92123). View neighborhood stats →
About This Property
Welcome to this Serra Mesa property situated on an expansive 7,500 sq. ft. lot! The single-story main home consists of 3 bedrooms and 2 bathrooms, along with a fully permitted and functional JADU offering the potential for a 2-bedroom configuration, full kitchen, full bathroom, and mini-split system. The main home features a refreshed kitchen with new cabinetry and countertops, fresh interior and exterior paint, and newer HVAC and A/C. The spacious backyard includes a large covered patio and mature avocado and citrus trees. Additional features include a Tesla charging station and potential for future expansion. Conveniently located within walking distance to elementary schools and a short drive to nearby universities and colleges.
Mortgage Calculator
Est. Monthly Payment
$7,429
Location
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Comparable Properties
5 comps foundThis Property
$4,494
Comp Average
$4,676
2578 Moonstone
3bd / 2ba · 1,510 sqft · Single Family
$960K
Est. $4,728/mo
2956 Mission Village Drive
4bd / 3ba · 1,500 sqft · Single Family
$957K
Est. $4,623/mo
3015 Greyling Dr.
3bd / 2ba · 1,398 sqft · Single Family
$995K
Est. $4,419/mo
9215 Huntington Avenue
3bd / 2ba · 1,504 sqft · Single Family
$1.15M
Est. $4,978/mo
3412 Dorchester Dr
3bd / 3ba · 1,680 sqft · Single Family
$1.25M
Est. $4,634/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
21 leases of 3-bed houses within 2 mi · $4,423–$4,858
Blended 50/50 with the zip's market median ($4,345)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,872/mo short at 20% down; 85% down or +$6,328/mo rent closes it.
- Break-even price
- $450,601
- Break-even rent
- $10,822/mo
- Cashflow at 35% down
- −$3,742/mo
- Down payment to break even
- 85%
- Rate to break even
- Not reachable
58% under asking
$6,328/mo above the estimate
$922,250 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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