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2624 Worden St unit 175, San Diego, CA 92110, USA
Covers its debt with margin to spare at the current price.
Investment potential
Your scenario · adjust the levers below or open advanced settings to see how returns change
$76,996
$6,416/mo · at 66% occupancy & $462/night
$11,887
$991/mo after costs & mortgage
Cap rate
8%
Cash-on-cash
6.8%
DSCR
1.33
Confidence
Your assumptions
Revenue
$76,996/yr
Market avg: $76,996/yr · 66% occ · $462 ADR
Financing
$35,585/yr
Operating costs
$29,524/yr
How this property compares to similar short-term rentals nearby.
Comparable set · 50 properties
$276–$714
Median $462
31%–92%
Median 67%
$40.7K–$144.7K
Median $77.6K
181–365
Median 267
This property · $77.0K
Comparable properties (50)
Cash flow potential Medium · Appreciation potential Medium
365 days available · 241 days booked ·
271 days available · 218 days booked ·
275 days available · 186 days booked ·
265 days available · 169 days booked ·
295 days available · 190 days booked ·
267 days available · 185 days booked ·
224 days available · 186 days booked ·
247 days available · 170 days booked ·
340 days available · 178 days booked ·
277 days available · 178 days booked ·
352 days available · 145 days booked ·
267 days available · 177 days booked ·
246 days available · 178 days booked ·
313 days available · 177 days booked ·
337 days available · 170 days booked ·
263 days available · 169 days booked ·
309 days available · 198 days booked ·
259 days available · 234 days booked ·
249 days available · 161 days booked ·
266 days available · 167 days booked ·
231 days available · 161 days booked ·
228 days available · 139 days booked ·
252 days available · 228 days booked ·
327 days available · 211 days booked ·
280 days available · 157 days booked ·
226 days available · 176 days booked ·
260 days available · 196 days booked ·
238 days available · 195 days booked ·
364 days available · 253 days booked ·
209 days available · 141 days booked ·
299 days available · 126 days booked ·
249 days available · 143 days booked ·
253 days available · 199 days booked ·
229 days available · 155 days booked ·
293 days available · 135 days booked ·
277 days available · 150 days booked ·
262 days available · 133 days booked ·
304 days available · 196 days booked ·
216 days available · 140 days booked ·
222 days available · 138 days booked ·
323 days available · 177 days booked ·
292 days available · 213 days booked ·
311 days available · 179 days booked ·
272 days available · 114 days booked ·
261 days available · 132 days booked ·
181 days available · 135 days booked ·
320 days available · 107 days booked ·
278 days available · 107 days booked ·
261 days available · 131 days booked ·
205 days available · 113 days booked ·
Revenue and occupancy reflect Chalet's modeled estimates from observed booking activity for comparable active listings. Individual results vary with management, seasonality, and pricing.
Who this property is for
The same property is a great buy for one investor and a trap for another. Here's the honest read.
1031 / high-equity buyer
~$146.8K
Year-1 tax shield
Buying with cash or low leverage removes the debt-coverage problem entirely, so the thesis rests on appreciation plus a large first-year write-off. At roughly 25% of purchase price, the shield is substantial enough to carry the deal on its own.
DSCR cash-flow buyer
1.33
DSCR at asking
At asking price the property clears the 1.20 DSCR most lenders require, so it should qualify for DSCR financing and cover its own debt service from day one. This is the buyer this deal is built for.
Price-disciplined buyer
—
Break-even purchase price
Even a deep discount doesn't get this deal to break even within a realistic range, so there's no price anchor to negotiate toward. A price-disciplined buyer should pass unless the revenue assumptions change.
For a buyer who materially participates and qualifies for the STR tax treatment.
$146.8K
Estimated first-year deduction · range $121.8K–$167.3K
Why this matters here
At a marginal bracket, this deduction can be worth $45.1K–$61.9K in estimated federal tax saved.
This only applies if you meet the IRS material-participation tests for short-term rentals and are not using a full-service property manager.
Estimate, subject to CPA review. Cost-segregation percentages shown here are illustrative and depend on an actual study of the property.
California does not conform to federal bonus depreciation, so your state tax treatment will differ from the federal figures above.
Chalet can introduce a cost-segregation partner — this is not tax, legal, or financial advice.
How cash-on-cash return moves with purchase price. The marked line is break-even (1.0 DSCR).
At this price: cash-on-cash +6.8%, DSCR 1.33, cash flow $11,887/yr
| Price vs asking | Price | Cash-on-cash | DSCR | Band |
|---|---|---|---|---|
| -25% | $445,725 | 15.3% | 1.78 | Positive |
| -22% | $463,554 | 14.0% | 1.71 | Positive |
| -15% | $505,155 | 11.4% | 1.57 | Positive |
| -8% | $546,756 | 9.1% | 1.45 | Positive |
| Asking | $594,300 | 6.8% | 1.33 | Positive |
| +8% | $641,844 | 4.8% | 1.24 | Positive |
| +15% | $683,445 | 3.3% | 1.16 | Positive |
Break-even price
Out of range
This deal does not reach break-even within ±25% of asking.
Discount needed
—
The gap between asking and the price a cash-flow buyer can underwrite.
If refi to 5.5% in 24 mo
+$5,216/yr
Illustrative cash-flow improvement at asking price if rates fall. Planning figure, not a forecast.
Annual avg $6,416 · peaks at $8,188 in Mar
Annual avg 63% · peaks at 81% in Jul
$991/mo after all expenses
Cash to close
Down payment, closing costs, and furnishing
$172,347
Return on cash:24.1%
You qualify for STR financing
Your DSCR is 1.33 · lenders typically require 1.0+.
Get matched with 2–3 vetted STR lenders, free.
What the deal returns over the hold — including the tax shield, which is the whole point for an appreciation buyer.
Levered IRR
25.8%
over 5-yr hold, with tax shield
Equity multiple
2.4×
total proceeds vs. $172,347 invested
Projected value at exit
$758,494
year 5 · 5.0% annual appreciation
Tax shield contribution
+8.0 pts
of IRR comes from year-1 depreciation
| Year | Equity | Appreciation | Cumulative cash flow | Total value |
|---|---|---|---|---|
| Year 1 | $153,103 | $29,715 | $66,200 | $249,018 |
| Year 2 | $157,958 | $60,916 | $79,242 | $298,116 |
| Year 3 | $163,164 | $93,677 | $93,456 | $350,297 |
| Year 4 | $168,746 | $128,075 | $108,860 | $405,682 |
| Year 5 | $174,732 | $164,194 | $125,472 | $464,398 |
Projection, not a promise.
Assumes 5.0% annual appreciation, 1.5% rent growth (operating costs held flat), and that the property qualifies for short-term-rental tax treatment. The year-1 depreciation shield depends on a real cost-segregation study and your tax situation — consult a CPA.
Appreciation is the dominant driver of this return. When cash flow is negative, the deal depends on the property gaining value — it is not paying for itself from income.
Appreciation, rent growth, and financing rates are editable under Edit financials.
STR deals turn on local rules and demand that a generalist agent misses. Chalet matches you with a vetted San Diego agent who knows which properties actually cash flow — and which to avoid.
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Real Estate Investment Analysis & Market Insights
Disclaimer
This page and the data presented are for informational purposes only. The information provided should not be construed as financial, legal, or investment advice. Market conditions can change rapidly, and past performance does not guarantee future results. Always consult with qualified professionals before making investment decisions.
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