3498 Mission Mesa Way

3498 Mission Mesa Way

D

San Diego, CA 92120

$899,000
NEW — 5d on market

Beds

3

Baths

2.5

Sqft

1,950

Year Built

1984

Days on Market

5

Property Type

Townhouse

HOA/mo

$415

MLS ID

260005495SD

Description

Welcome to the highly sought-after Mariposa community, ideally located near Allied Gardens, Del Cerro, and Mission Trails Regional Park. This attached single-family home is FHA and VA approved and offers 1,950 sq ft. of thoughtfully updated living space, in a spacious 3-story split-level layout. Privately positioned as an end-unit corner home, it shares only 1 wall and enjoys unobstructed westerly views over open space, bringing in natural light and a sense of privacy. The inviting living room features dramatic 20-foot ceilings, brand new luxury vinyl plank flooring, and fresh interior paint throughout. The beautifully renovated eat-in kitchen showcases granite countertops, stainless steel appliances, and a stylish bar with pendant lighting that comfortably seats four—perfect for casual dining or entertaining. The kitchen flows seamlessly into the spacious family room with recessed lighting and a cozy gas fireplace, while a formal dining area offers additional space for gatherings and special occasions. Upstairs you’ll find all 3 bedrooms, 2 full bathrooms, and a versatile loft ideal for a home office, media space, or play area. The primary suite offers vaulted ceilings, abundant closet space including a walk-in closet, and a semi-remodeled bath featuring dual sinks, quartz countertops, and a separate shower. Additional highlights include Central AC/Heat, a bonus interior storage area, full-size laundry, and an attached 2-Car Garage with direct access. Amenities include well-maintained grounds, including a large community pool, spa, and clubhouse!

Mortgage Calculator

Est. Monthly Payment

$6,122

Principal & Interest$4,546
Property Tax$899
Insurance$262
HOA$415
%($179,800)
%

Investment Score

8D
Est. Monthly Rent
$4,265
Monthly Cashflow

Rent − PITI − HOA

$-1,857
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,587

Mortgage (P+I)
$4,546
Cap Rate
1.28%
Cash-on-Cash
-12.39%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.70
Break-even Rent
$6,122

NOI (Annual)
$11,507
Price-to-Rent

Lower = better for investors

17.6

* 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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