3298 Mercer Lane

3298 Mercer Lane

D

San Diego, CA 92122

$1,748,000
NEW — 2d on market

Beds

3

Baths

2

Sqft

1,674

Year Built

1968

Days on Market

2

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2602839

Description

This thoughtfully redesigned home offers a perfect balance of style, comfort, and quality improvements throughout. Enter to warm wood floors that guide you through the open living spaces, seamlessly connecting the kitchen, dining area, and bedrooms. The modern kitchen features custom cabinetry, striking quartzite stone countertops and backsplash, waterfall-edge quartzite breakfast bar, an induction cook top with a premium extractor vent, and abundant natural light enhanced by two Solatube skylights. Both bathrooms have been completely transformed—taken down to the studs and redesigned with elegant custom vanities and storage, marble and limestone finishes, and sleek frameless heavy-duty glass shower enclosures. Other upgrades include owned solar, ~10 foot center-opening patio doors in the dining area that provide natural light and a beautiful view of the garden, copper plumbing re-piped to the attic, air conditioning, dual-pane windows and sliders, new water heater, newer interior and exterior paint, crown molding and an electric car charger in the spacious 2-car garage. The inviting backyard was designed with low-water landscaping, serene dry river bed, water feature, Wi-Fi-controlled yard lighting, and a gazebo-shaded seating area—perfect for relaxing or entertaining. All of this and more in one of the most desirable neighborhoods of west University City-close to parks, shopping, schools, restaurants, freeways and wonderful beaches.

Mortgage Calculator

Est. Monthly Payment

$11,097

Principal & Interest$8,839
Property Tax$1,748
Insurance$510
%($349,600)
%

Investment Score

0D
Est. Monthly Rent
$4,859
Monthly Cashflow

Rent − PITI − HOA

$-6,238
Full Cashflow

Incl. vacancy, PM, maint, capex

$-8,812

Mortgage (P+I)
$8,839
Cap Rate
0.02%
Cash-on-Cash
-30.25%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.44
Break-even Rent
$16,303

NOI (Annual)
$321
Price-to-Rent

Lower = better for investors

30.0

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

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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