7003 Saranac Street
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7003 Saranac Street #103

A

San Diego, CA 92115

$449,900
NEW — 4d

Soft Appraisal Value: $449,600 · 0.1% above estimate

Beds

2

Baths

2

Sqft

967

Year Built

1997

Days on Market

4

Property Type

Condo

HOA/mo

$472

MLS ID

260015033SD

This property is in San Diego (92115). View neighborhood stats →

Virtual Tour

About This Property

This 2 bedroom, 2 bath corner unit sits within the gated Saranac Villas community, offering 967 square feet of comfortable living just minutes from San Diego State University, Sharp Grossmont Hospital, and quick freeway access via the 8. Step inside to luxury vinyl plank flooring that runs throughout the home, complemented by granite countertops in the peninsula style kitchen. The primary bedroom is fitted with a mirrored closet, while the second bedroom offers a walk-in closet and a flexible layout that works well as a home office, guest room, or additional living space, with a large mirrored closet in the hallway adding even more storage. A full-sized washer and dryer sit conveniently inside their own laundry closet. Dual pane windows and a wall A/C unit help keep the living room comfortable year round. Outside, you'll find a private patio area ideal for pets, plus one covered parking spot. With Lake Murray Community Park, El Cajon Blvd's dining and shopping, and Costco all just a short drive away, this home offers a great combination of location and convenience.

Mortgage Calculator

Est. Monthly Payment

$3,328

Principal & Interest$2,275
Property Tax$450
Insurance$131
HOA$472
%($89,980)
%

Location

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Investment Score

56B
Est. Monthly Rent
$2,792
Monthly Cashflow

Rent − PITIA

$-536
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,553

Mortgage (P+I)
$2,275
Cap Rate
1.93%
Cash-on-Cash
-20.71%
DSCR

Need ≥ 1.25 for DSCR loan

0.84
Break-even Rent
$4,809

NOI (Annual)
$8,664
Price-to-Rent

Lower = better for investors

13.4

* 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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