3980 Faircross Pl

3980 Faircross Pl

D

San Diego, CA 92115

$375,000

Beds

1

Baths

1

Sqft

724

Year Built

1985

Days on Market

11

Property Type

Condo

HOA/mo

$645

MLS ID

260006020SD

Description

THE HIDDEN GEM OF SUNRISE POINT! LOCATION! LOCATION! LOCATION! THIS BEAUTIFUL PRIVATE END UNIT CONDO IS LOCATED ON THE 3RD FLOOR THAT ONLY SHARES ONE COMMON WALL AND HAS EVERYTHING YOU ARE LOOKING FOR! UNBELIEVABLE VIEWS FROM EVERY ROOM AND TONS OF NATURAL LIGHTING AND WONDERFUL BREEZE THROUGHOUT THE HOME! LARGE PRIVATE BALCONY WITH STORAGE UNIT TO ENJOY THE MORNING SUNRISE & SUMMER NIGHTS SURROUNDED BY NATURE! SPACIOUS CHEF’S KITCHEN WITH TONS OF WHITE CABINETS AND NEWER APPLIANCES. HUGE LIVING SPACE & DINING AREA WITH BAR TILE COUNTER TOPS. LARGE MASTER BEDROOM HAS ACCESS TO THE BALCONY AND HAS A HUGE WALK-IN CLOSET AND BATHROOM. FULL SIZE WASHER & DRYER IN UNIT AND COMES WITH A PORTABLE LG A/C WITH REMOTE. NEW LAMINATE WOOD FLOORING WITH FRESH PAINT AND BLINDS. THIS UNIT HAS BEEN WELL MAINTAINED AND HAS ANOTHER LAUNDRY ROOM ON SECOND FLOOR. EVERYTHING IS INCLUDED IN THE HOA FEES OF $645 AND 2 PETS ALLOWED UNDER 40 POUNDS EACH. SECURED BUILDING ENTRANCE THAT COMES WITH 1 ASSIGNED UNDERGROUND PARKING SPACE #332 AND NEARBY ELEVATOR ACCESS TO THE UNIT AND HAS PLENTY OF GUEST & STREET PARKING NEXT TO BUILDING. CLOSE TO SHOPS, DINING, SCHOOLS AND EASY FREEWAY ACCESS! THIS UNIT WILL NOT LAST! (POTENTIAL RENTAL INCOME OF $2,200 - $2,400)

Mortgage Calculator

Est. Monthly Payment

$3,026

Principal & Interest$1,896
Property Tax$375
Insurance$109
HOA$645
%($75,000)
%

Investment Score

8D
Est. Monthly Rent
$2,141
Monthly Cashflow

Rent − PITI − HOA

$-884
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,689

Mortgage (P+I)
$1,896
Cap Rate
0.66%
Cash-on-Cash
-14.15%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.71
Break-even Rent
$3,025

NOI (Annual)
$2,485
Price-to-Rent

Lower = better for investors

14.6

* 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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