3980 Faircross Place

3980 Faircross Place #24

D

San Diego, CA 92115

$489,900
NEW — 3d on market

Beds

2

Baths

2

Sqft

1,069

Year Built

1985

Days on Market

3

Property Type

Condo

HOA/mo

$615

MLS ID

NDP2603167

Description

Move-In Ready Condo – Updated, Secure & Centrally Located. Welcome to this very clean and well-maintained 2-bedroom, 2-full bathroom condo offering comfort, convenience, and modern updates in a prime location. Property Details: 2 Bedrooms, 2 Full Bathrooms, 1,069 Sq.ft. with In-Unit Laundry and Controlled Garage Access. This bright and inviting home features recent paint touchups and stylish flooring throughout. The kitchen and bathrooms were thoughtfully upgraded in 2022, offering modern finishes and improved functionality. The open layout provides a comfortable flow for everyday living and entertaining. Condo has a balcony for morning coffee or enjoying a beverage in the evening. You will find ample storage options with a full-size closest on the balcony as well as a double door closest in the Foyer. A new (upgraded) electrical panel was installed approximately nine months ago for safety. Enjoy peace of mind with controlled front door entry and secure garage access, adding an extra layer of privacy and convenience. Ideally situated just about 10 minutes from San Diego State University, this home is perfect for commuters, students, or faculty. You’ll also love being a short distance from Chollas Lake Park—great for outdoor activities—and close to shopping, dining, and everyday essentials. Quick access to I-94, I-8, the 125, and the I-15 makes getting around San Diego easy. A fantastic opportunity to own a turnkey home in a desirable and accessible location—schedule your showing today! (NOTE: Some pictures are virtually Staged).

Mortgage Calculator

Est. Monthly Payment

$3,725

Principal & Interest$2,477
Property Tax$490
Insurance$143
HOA$615
%($97,980)
%

Investment Score

1D
Est. Monthly Rent
$2,259
Monthly Cashflow

Rent − PITIA

$-1,466
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,394

Mortgage (P+I)
$2,477
Cap Rate
0.20%
Cash-on-Cash
-29.32%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.61
Break-even Rent
$5,368

NOI (Annual)
$999
Price-to-Rent

Lower = better for investors

18.1

* 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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