3909 Monroe Avenue

3909 Monroe Avenue

D

San Diego, CA 92116

$539,999

Beds

2

Baths

2

Sqft

836

Year Built

1997

Days on Market

10

Property Type

Condo

HOA/mo

$400

MLS ID

PTP2601362

Description

PRICED BELOW COMPS, appraisal info available upon request. Eligible for $10,000 forgivable loan (no payments, no interest) to cover closing costs, rate buy-down and/or down payment. 100% financing available! Welcome home to this corner end-unit condo in Normal Heights, tucked inside a secure gated community. In-Unit Laundry in a great LOCATION! This turn-key property offers the perfect blend of modern upgrades and a walkable, pet-friendly lifestyle. Step inside to a spacious floor plan with updated flooring. The large primary bedroom features a remodeled bathroom with a brand-new bathtub backsplash finished in elegant marble tile, creating a fresh, modern look. The kitchen has been enhanced with a new side cabinet and counter for extra storage and prep space. This home also includes 1 assigned parking spot in the gated garage, complete with an extra private storage area— On top of that, In-Unit Laundry! A rare find in the area! Living in Normal Heights means more than just owning a home—you’re buying into a lifestyle. Enjoy walkable streets, neighborhood coffee shops, local restaurants, parks, and the community’s vibrant, pet-friendly energy.

Mortgage Calculator

Est. Monthly Payment

$3,828

Principal & Interest$2,731
Property Tax$540
Insurance$157
HOA$400
%($108,000)
%

Investment Score

12D
Est. Monthly Rent

Market Rent Estimate

$2,934
Monthly Cashflow

Rent − PITI − HOA

$-894
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,018

Mortgage (P+I)
$2,731
Cap Rate
1.58%
Cash-on-Cash
-9.93%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

1.07
Break-even Rent
$3,828

NOI (Annual)
$8,546
Price-to-Rent

Lower = better for investors

15.3

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

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