5523 Adobe Falls Road

5523 Adobe Falls Road #3

D

San Diego, CA 92120

$529,000
NEW — 5d on market

Beds

2

Baths

2

Sqft

1,144

Year Built

1973

Days on Market

5

Property Type

Condo

HOA/mo

$510

MLS ID

NDP2603042

Description

Get a fresh start or a great investment opportunity. Fully upgraded top-to-bottom, this 2BR 2BA open-floor ground-level condominium in the quiet part of the Adobe Falls complex features a private patio/balcony and 1,144 sq. ft. of interior space with all-new dual-pane windows, LVP flooring, quartz countertops, S/S appliances, freshly painted interior surfaces and ample closet space. The bathrooms include one with a tub and a primary with a walk-in shower. This move-in ready contemporary unit comes with one assigned parking space. The ideal location allows quick access to the I-8 freeway and is minutes to San Diego State University (SDSU), Grossmont and Kaiser medical centers, Mission Valley, Lake Murray and Mission Trails Regional Park. HOA amenities include a community clubhouse, swimming pool and spa. Grocery stores, restaurants, banks, the MTS Green Line Trolley and other daily conveniences are a short distance away, with the line providing direct access to SDSU, Downtown San Diego, Old Town, Fashion Valley, La Mesa and beyond.

Mortgage Calculator

Est. Monthly Payment

$3,868

Principal & Interest$2,675
Property Tax$529
Insurance$154
HOA$510
%($105,800)
%

Investment Score

1D
Est. Monthly Rent
$2,288
Monthly Cashflow

Rent − PITIA

$-1,580
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,547

Mortgage (P+I)
$2,675
Cap Rate
0.29%
Cash-on-Cash
-28.89%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.59
Break-even Rent
$5,596

NOI (Annual)
$1,535
Price-to-Rent

Lower = better for investors

19.3

* 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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