11187 Kelowna Rd Mira Mesa

11187 Kelowna Rd Mira Mesa

C

, CA 92126

$459,000

Beds

2

Baths

1

Sqft

698

Year Built

1978

Days on Market

61

Property Type

Condo

HOA/mo

$495

MLS ID

NDP2600044

Description

SELLER WILL ENTERTAIN OFFERS BETWEEN $449,000- $459,000,. Bright and welcoming upper unit with new dual-pane windows, an updated kitchen, and luxury vinyl plank floors. A rare find in this community, it already has an IN-UNIT WASHER/DRYER COMBO! Relax on your spacious balcony and enjoy the pool, public barbecue, several HOA-maintained fruit trees (guava, banana, apple, and more), plus a small garden. FHA/VA approved! Nearby to Mira Mesa Community Park that is completing a full multi year renovation. Remodel of recreation center, new children’s play area, basketball and pickleball courts to name a few. Great space for the whole family to enjoy!

Mortgage Calculator

Est. Monthly Payment

$3,409

Principal & Interest$2,321
Property Tax$459
Insurance$134
HOA$495
%($91,800)
%

Investment Score

61C
Est. Monthly Rent

Market Rent Estimate

$3,860
Monthly Cashflow

Rent − PITI − HOA

+$451
Full Cashflow

Incl. vacancy, PM, maint, capex

$-819

Mortgage (P+I)
$2,321
Cap Rate
3.93%
Cash-on-Cash
5.90%
DSCR
1.66
Break-even Rent
$3,409

NOI (Annual)
$18,020
Price-to-Rent

Lower = better for investors

9.9

* Defaults: 20% down, 6.5% rate, 30yr.

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