$859,999
Investment Summary
We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.
- Monthly Cash Flow
- -$1,241
- Cap Rate
- 3.9%
- Cash-on-Cash Return
- -7.5%
- Debt Coverage Ratio
- 0.70
- Internal Rate of Return (5 years)
- -3.3%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Property Description
Remodeled | Retrofitted | Move-In Ready Welcome to 1475 Jasper Court, a thoughtfully upgraded home tucked at the end of a quiet cul-de-sac on a spacious corner lot in Chula Vista. This property is a rare find: fully retrofitted with modern systems, upgraded throughout, and meticulously maintained with pride of ownership. Inside, you’ll find a freshly painted interior, brand-new carpeting, refinished travertine floors, and new dual-pane Chester windows. The popcorn ceilings have been removed, the electrical has been updated, and the asbestos professionally abated for peace of mind. Features include a comfortable floor plan with vaulted ceilings in the family room, a cozy fireplace, and a kitchen with freshly painted cabinets and Kenmore appliances. Step outside to enjoy a large, usable lot with a Douglas fir–treated patio cover, automatic lighting, raised garden beds and mature avocado & fruit trees. The side yard offers space and flexibility, whether you're dreaming of a pool, outdoor kitchen, or even an ADU, the lot has the size and layout to support it. Bonus Features: No HOA or Mello-Roos, New toilets, vanity, tub, and shower surround, recently installed furnace + filter-based heating system, ceiling fans throughout, washer/dryer and refrigerator included, 5 year old roof, Fresh exterior paint and true fascia board improvements. This move-in-ready gem is ideal for buyers seeking quality, comfort, and long-term value in a well-established neighborhood with no added fees. Minutes to schools, parks, and freeway Welcome to 1475 Jasper Court, a beautifully remodeled and retrofitted home that showcases true pride of ownership, situated on a spacious corner cul-de-sac lot in one of Chula Vista’s established neighborhoods. This move-in ready 3-bedroom, 2.5-bath home has been thoughtfully updated from top to bottom, offering peace of mind, modern touches, and endless potential for outdoor living and future improvements like an ADU (buyer to verify). Step inside to a bright and inviting floor plan with vaulted ceilings in the family room, a cozy fireplace, and expansive windows that bring in natural light. The entire interior has been refreshed with new carpet, fresh paint, and recently painted kitchen cabinets, while the travertine flooring adds timeless style. The kitchen is equipped with Kenmore appliances (refrigerator included), and the home offers a combination of practical upgrades and tasteful finishes designed for long-term comfort. Notable upgrades include all-new dual-pane Chester windows, asbestos abatement, updated electrical, and a new furnace. Bathrooms have been improved with new toilets, vanity, tub, faucet, and shower surround. Popcorn ceilings have been removed throughout the home, and ceiling fans have been added to improve airflow and comfort. The washer and dryer are included and located in the garage. The exterior of the property is equally impressive, with the house and fascia board freshly painted, a Douglas fir–treated patio cover with automatic lighting, and a spacious side yard with raised garden beds and platforms ready for rain barrels for sustainable living. The backyard is a true highlight, featuring mature avocado and fruit trees that add beauty, shade, and edible bounty, a perfect retreat for gardening, entertaining, or simply enjoying outdoor living. The large lot provides room for a future pool, outdoor kitchen, or an ADU, giving buyers a chance to create additional value and space. Additional updates include a roof that is approximately five years old and sustainable landscaping elements designed for easy maintenance. The lot provides a great sense of privacy and opportunity. Best of all, there is no HOA and no Mello-Roos, making this home even more affordable and flexible. Located close to schools, parks, shopping, and freeway access, this home is move-in ready and filled with upgrades that make it stand out in today’s market. 1475 Jasper Court is more than just a house, it’s a home that’s been lovingly maintained, thoughtfully improved, and ready for its next chapter.
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Location
Property Details
Parking
- Description: Garage
- Details: Attached
- Garage Spaces: 4
- Spaces Total: 6
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Partial): 1
- # of Baths (Total): 3.0
Interior Features
- # of Stories: 2
Exterior Features
- Roof Material: Composition
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 6232722000
- Lot Size: 7400 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 1967
Tax Information
- Annual Tax: $0
Utilities
- Heating: Forced Air, Natural Gas
Location
- County: San Diego
Listing Details
Investment Summary
We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.
- Monthly Cash Flow
- -$1,241
- Cap Rate
- 3.9%
- Cash-on-Cash Return
- -7.5%
- Debt Coverage Ratio
- 0.70
- Internal Rate of Return (5 years)
- -3.3%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Purchase Details
Purchase PriceThe price paid for the property. Purchase price:
| $859,999 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$687,999 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $172,000 |
Closing CostsFees and expenses associated with purchasing a property, typically ranging from 2% to 5% of the home’s purchase price, paid at the end of a home purchase to cover services like lending, title transfer, and taxes. Closing costs:
| $25,800 |
Rehab CostsCosts incurred to repair or improve the property, including: roof, flooring, exterior siding, kitchen, exterior paint, bathrooms, etc. Rehab costs:
| $0 |
Initial Cash InvestedThe total initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $197,800 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,724 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $499 |
Monthly Rent Per Square FootMonthly rent divided by the number of square feet. This ratio helps investors compare rental income efficiency across properties, markets, and unit sizes Calculation:Monthly Rent / Square Feet Monthly rent per square foot:
| $2.38 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $687,999 |
|---|---|
Loan to Value Ratio (LTV)Loan amount divided by the market value of the property. Calculation:Loan Amount / Market Value
Loan to value ratio:
| 80.0% |
Loan TypeThe type of loan (e.g., fixed, adjustable).
Loan type:
| Amortizing |
TermThe loan repayment period in years.
Term:
| 30 years |
Interest RateThe percentage a lender charges on the borrowed amount of a loan, determining the cost of borrowing money.
Interest rate:
| 5.875% |
Principal & Interest (PI)The principal is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money. Calculation:(P * r * (1 + r) ** n) / ((1 + r) ** n - 1) Where:
P = Loan amount (principal)
Principal & interest:
| $4,070 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $0 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified.
Insurance:
| $287 |
Private Mortgage Insurance (PMI)A fee that borrowers pay when they take out a conventional loan with a loan-to-value (LTV) ratio above 80%.
Private mortgage insurance (PMI):
| $0 |
Monthly PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. Monthly payment:
| $4,357 |
Operating Income
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Gross RentThe total rental income received from tenants before deducting any expenses. Includes base rent, late fees, pet fees, parking fees, and other recurring charges.
Gross rent:
| $4,100 | $49,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$246 | -$2,952 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,854 | $46,248 |
Operating Expenses
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
We noticed that property taxes are missing—these are standard expenses and should be considered in your estimate. | n/a | n/a | n/a |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified. | 7% | -$287 | -$3,444 |
Property ManagementThe costs associated with hiring a property manager to handle the day-to-day operations of a rental property. Includes management fees, leasing fes, eviction fees, etc. Calculation:Assumes 8% of gross rental income. | 8% | -$328 | -$3,936 |
Repairs & MaintenanceOngoing costs for routine upkeep and minor fixes needed to keep a property in good working condition. Calculation:Assumes 5% of gross rental income. Varies by property age and condition. | 5% | -$205 | -$2,460 |
Capital ExpensesLarge, infrequent costs for major improvements or replacements, like a new roof, HVAC system, or appliances. Calculation:Assumes 5% of gross rental income. Varies by property age. | 5% | -$205 | -$2,460 |
HOA FeesRegular dues paid to a Homeowners Association for community maintenance, amenities, and management. Similar fees include: Condo Association Fees, Co-op Maintenance Fees, etc. | n/a | n/a | n/a |
Operating ExpensesRecurring costs required to maintain and manage a rental property, including property taxes, insurance, maintenance, repairs, utilities (if paid by the owner), property management fees, and other day-to-day expenses. Calculation:Insurance + Property Taxes + Property Management + Repairs & Maintenance + Capital Expenditures + HOA Fees | 25% | -$1,025 | -$12,300 |
Cash Flow
| Monthly | Yearly | |
|---|---|---|
Net Operating Income (NOI)The income generated from a property after deducting all operating expenses but before deducting mortgage payments, taxes, and capital expenditures. Calculation:Gross Operating Income - Operating Expenses
Net operating income:
| $2,829 | $33,948 |
Mortgage PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. | -$4,070 | -$48,840 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$1,241 | -$14,892 |