8438 New Salem
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8438 New Salem #88

B

San Diego, CA 92126

$575,000
NEW — 0d

Beds

2

Baths

2

Sqft

912

Year Built

1984

Days on Market

0

Property Type

Condo

HOA/mo

$485

MLS ID

260010475SD

This property is in San Diego (92126). View neighborhood stats →

About This Property

It’s all about location, location, location in Mira Mesa! This prime, walkable location features one of the most sought-after condos in the New Salem community! A light and bright upper corner 2-bedroom, 2-bath home with a private balcony overlooking the pool. The single-level layout is spacious, designed for comfort, and flexible enough to fit your ideal lifestyle. This home offers delightful touches, including an updated kitchen and secondary bath, fresh interior paint, mirrored doors on the primary closet, and a designer mirrored wall in the living room for extra style. You’ll also love the convenience of stackable laundry on a roomy private patio, plus assigned covered parking. A must see!

Mortgage Calculator

Est. Monthly Payment

$4,135

Principal & Interest$2,908
Property Tax$575
Insurance$168
HOA$485
%($115,000)
%

Location

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Investment Score

45B
Est. Monthly Rent
$3,163
Monthly Cashflow

Rent − PITIA

$-973
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,179

Mortgage (P+I)
$2,908
Cap Rate
1.52%
Cash-on-Cash
-22.74%
DSCR

Need ≥ 1.25 for DSCR loan

0.76
Break-even Rent
$5,993

NOI (Annual)
$8,740
Price-to-Rent

Lower = better for investors

15.1

* 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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