921 Avenida Neptuno #3

921 Avenida Neptuno #3

Btop 30%

Chula Vista, CA 91911

$712,481
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: -$2,860/mo full cashflow at 20% down, 7.43% rate.

Works at $340,170 (52% under asking), or at 78% down.

Rent $3,959/mo from 19 leases of condos & townhomes within 2 mi, size-adjusted ($3,543–$3,934).

Beds

4

Baths

3.5

Sqft

1,850

Year Built

2026

Days on Market

59

Property Type

Townhouse

HOA/mo

$436

MLS ID

NDP2608534

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

About This Property

Anticipated October 2026 closing! Step into the generous proportions and modern comfort of Plan 5A at Costas by Shea Homes, a gated West Chula Vista community approximately one mile from the Chula Vista Bayfront. Located at 921 Avenida Neptuno #3, this three-story, new-construction condo offers approximately 1,850 sq. ft., 4 bedrooms, 3.5 baths and an attached 2-car garage. A downstairs bedroom provides valuable flexibility for guests, a home office or a peaceful retreat. The open-concept living and dining areas flow naturally into a contemporary kitchen designed for both everyday ease and effortless entertaining. Satin-white flat-panel cabinetry, quartz countertops and a spacious island create a clean, inviting backdrop, complemented by stainless steel KitchenAid appliances. The included package features an induction range with convection and air-fry capability, microwave, dishwasher and counter-depth refrigerator. Designer-selected flooring adds style and durability throughout, with wide-plank flooring at the entry, main living areas, kitchen, pantry, powder room and all stairs. Coordinating tile finishes the three full baths and laundry room, while upgraded carpeting brings comfort to all four bedrooms and the third-floor hallway. The primary bath features a clear-glass shower enclosure with tile extending to the ceiling, and both secondary baths include sleek porcelain slab tub surrounds. A Whirlpool front-load washer and dryer with pedestals are also included. Enjoy the coastal energy of West Chula Vista with convenient access to waterfront parks, the marina, walking and biking paths, dining and the Gaylord Pacific Resort. Silver Strand State Beach and other South Bay beaches are also within convenient driving distance. Offering a spacious layout, a full bedroom downstairs and thoughtfully coordinated finishes, this home is ready to complement a variety of lifestyles. Estimated completion and closing timing are subject to change.

Mortgage Calculator

Est. Monthly Payment

$5,314

Principal & Interest$3,958
Property Tax$712
Insurance$208
HOA$436
%($142,496)
%
Loan Term

Location

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Investment Score

44B
Est. Monthly Rent
$3,959

19 leases of condos & townhomes within 2 mi, size-adjusted · $3,543–$3,934

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,356
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,860

What would make this work?

$2,860/mo short at 20% down; 78% down or +$3,714/mo rent closes it.

Break-even price

52% under asking

$340,170
Break-even rent

$3,714/mo above the estimate

$7,673/mo
Cashflow at 35% down
−$2,118/mo
Down payment to break even

$555,735 cash

78%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,958
Cap Rate
2.18%
Cash-on-Cash
-24.08%
DSCR

Need ≥ 1.25 for DSCR loan

0.74

NOI (Annual)
$15,554
Price-to-Rent

Lower = better for investors

15.0

* 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−$2,860/mo