3721 Merrimac Avenue
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3721 Merrimac Avenue

B

San Diego, CA 92117

$989,000
NEW — 0d

Beds

3

Baths

2

Sqft

1,032

Year Built

1957

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2605564

This property is in San Diego (92117). View neighborhood stats →

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About This Property

Classic and Charming Clairemont Abode Chock Full of Exquisite Designer Finishes. This beautiful home exudes exceptional quality filled with lovely high end touches and features an abundance of elegant upgrades not typically found at this price point. The heart of the home is the stunning chef's kitchen with custom cabinetry, striking Fantasy Macaubas Quartzite countertops and generous center island, Newport Brass kitchen faucet, marble subway tile backsplash, apron sink and all stainless steel LG and Samsung appliances. Thoughtfully transformed by the current owner with professional design consultation, 3721 Merrimac is an open concept sun filled living space with a striking floor to ceiling marble tile fireplace as well as hand laid porcelain tile herringbone pattern wood look flooring throughout the entire home. The dual paned great room slider beckons you outdoors to the southern facing covered patio space and spacious and beautifully curated natural turf backyard. Other updates include upgraded 200 amp electric panel, recessed lighting, new sewer clean out, and dual paned windows and doors throughout the home. There are 3 comfortably sized bedrooms and 2 updated bathrooms including a primary with ensuite bath. An attached 2 car garage offering lots of storage as well as convenient washer/dryer hookups, Ideally located in desirable West Clairemont, close to Clairemont Town Square (Nordstrom Rack, Sephora, and even a new Trader Joes coming soon!) and mere minutes from the lovely beaches of La Jolla, Pacific Beach and Del Mar, the San Diego airport, hip North County and bustling downtown. Special beyond words, THIS is where your story begins.

Mortgage Calculator

Est. Monthly Payment

$6,278

Principal & Interest$5,001
Property Tax$989
Insurance$288
%($197,800)
%

Location

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Investment Score

31C
Est. Monthly Rent
$4,451
Monthly Cashflow

Rent − PITIA

$-1,827
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,675

Mortgage (P+I)
$5,001
Cap Rate
1.61%
Cash-on-Cash
-22.29%
DSCR

Need ≥ 1.25 for DSCR loan

0.71
Break-even Rent
$9,223

NOI (Annual)
$15,913
Price-to-Rent

Lower = better for investors

18.5

* 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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