9289 Village Glen Dr #118
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9289 Village Glen Dr #118

Atop 10%

San Diego, CA 92123

$524,000
STR: check · no permits in this complex · TOT 12.75%

21 licensed short-term rentals within ½ mile (13 whole home), from the cities' license and permit lists of Nov 13, 2026.

No unit in this 77-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.

Pass at asking: -$2,064/mo full cashflow at 20% down, 7.36% rate.

Works at $253,949 (52% under asking), or at 78% down.

Rent $3,171/mo from 14 leases of 2-bed condos & townhomes within 2 mi ($2,884–$3,692).

Beds

2

Baths

1.5

Sqft

977

Year Built

1979

Days on Market

144

Property Type

Townhouse

HOA/mo

$501

MLS ID

260015075SD

This property is in San Diego (92123). View neighborhood stats →

Virtual Tour

About This Property

Enjoy the convenience of central San Diego living in this 2-story Serra Mesa townhome! Fresh interior paint, newer AC (2018), new SS appliances including refrigerator, stove, microwave & dishwasher, new kitchen flooring, recessed lighting and a full-size in-unit washer and dryer make everyday living easy. The spacious primary bedroom features vaulted ceilings, while the private patio offers a comfortable space to relax or entertain. 2 assigned parking spaces (1 covered) & water included in the HOA fees add to the convenience. Centrally located just minutes from Snapdragon Stadium, SDSU, USD, Downtown, Old Town, beaches, shopping, dining and major freeways.

Mortgage Calculator

Est. Monthly Payment

$4,069

Principal & Interest$2,891
Property Tax$524
Insurance$153
HOA$501
%($104,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Wegeforth Elementary · grades K-5 · San Diego Unified

  • Middle

    Taft Middle · grades 6-8 · San Diego Unified

  • High

    Kearny Digital Media & Design · grades 9-12 · San Diego Unified

    or Kearny School of Biomedical Science and Technology · grades 9-12 · San Diego Unified

    or Kearny College Connections · grades 9-12 · San Diego Unified

    or Kearny Eng Innov & Design · grades 9-12 · San Diego Unified

    Choice area: the district lets families here pick either school.

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

53A
Est. Monthly Rent
$3,171

14 leases of 2-bed condos & townhomes within 2 mi · $2,884–$3,692

Blended 50/50 with the zip's market median ($3,334)

Monthly Cashflow

Rent − PITIA

-$898
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,064

What would make this work?

$2,064/mo short at 20% down; 78% down or +$2,681/mo rent closes it.

Break-even price

52% under asking

$253,949
Break-even rent

$2,681/mo above the estimate

$5,852/mo
Cashflow at 35% down
−$1,522/mo
Down payment to break even

$408,720 cash

78%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,891
Cap Rate
2.26%
Cash-on-Cash
-23.63%
DSCR

Need ≥ 1.25 for DSCR loan

0.78

NOI (Annual)
$11,827
Price-to-Rent

Lower = better for investors

13.8

* Modelled at 20% down, 7.36% 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−$2,064/mo