5404 Balboa Arms Drive
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5404 Balboa Arms Drive #352

A

San Diego, CA 92117

$380,000
NEW — 3d

Beds

Baths

1

Sqft

414

Year Built

1995

Days on Market

3

Property Type

Condo

HOA/mo

$297

MLS ID

PTP2602970

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

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About This Property

Assumable loan at 3.75% own for less than rent with a monthly payment of under $1,638! Located in the highly desirable Clairemont community, this single-level unit is the perfect mix of ease and lifestyle and affordability. With entry on the first floor and no stairs, it lives effortlessly from the moment you walk in. Inside, the open floorplan is filled with natural light and designed for both comfort and functionality, featuring in-unit laundry, a cooling mini split system, and a spacious walk-in closet that adds to the home’s everyday convenience. The layout flows seamlessly into a private outdoor space, perfect for morning coffee or unwinding at the end of the day. The community itself feels like a retreat, with beautifully maintained grounds and resort-style amenities including three pools, a gym, sauna, spa, and multiple BBQ and seating areas — all with a low HOA. Set in the heart of Clairemont, you’re minutes from some of San Diego’s best beaches, shopping, dining, and easy freeway access, making this an ideal option for both first-time buyers and savvy investors looking to secure a below-market rate opportunity.

Mortgage Calculator

Est. Monthly Payment

$2,709

Principal & Interest$1,921
Property Tax$380
Insurance$111
HOA$297
%($76,000)
%

Location

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Investment Score

68A
Est. Monthly Rent
$2,470
Monthly Cashflow

Rent − PITIA

$-239
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,124

Mortgage (P+I)
$1,921
Cap Rate
2.52%
Cash-on-Cash
-17.75%
DSCR

Need ≥ 1.25 for DSCR loan

0.91
Break-even Rent
$3,930

NOI (Annual)
$9,567
Price-to-Rent

Lower = better for investors

12.8

* 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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