8438 New Salem

8438 New Salem #88

B

San Diego, CA 92126

$550,000

Soft Appraisal Value: $544,300 · 1.0% above estimate

Beds

2

Baths

2

Sqft

912

Year Built

1984

Days on Market

47

Property Type

Condo

HOA/mo

$460

MLS ID

260010475SD

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

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About This Property

Seller says sell! Now with added value and a fresh price drop—bring your offers! It’s all about location in Mira Mesa, and this prime, walkable spot boasts one of the most desirable condos in the New Salem community. This bright and airy upper corner unit features 2 bedrooms, 2 bathrooms, and a private balcony with a pool view. The single-level layout is spacious, comfortable, and versatile to suit your lifestyle. Enjoy charming details like an updated kitchen and secondary bath, fresh paint, mirrored closet doors in the primary, and a stylish mirrored wall in the living room. Plus, a stackable laundry closet on a roomy private patio and assigned covered parking. A must-see!

Mortgage Calculator

Est. Monthly Payment

$3,952

Principal & Interest$2,781
Property Tax$550
Insurance$160
HOA$460
%($110,000)
%

Location

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Investment Score

37C
Est. Monthly Rent
$2,715
Monthly Cashflow

Rent − PITIA

$-1,236
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,319

Mortgage (P+I)
$2,781
Cap Rate
1.01%
Cash-on-Cash
-25.30%
DSCR

Need ≥ 1.25 for DSCR loan

0.69
Break-even Rent
$5,727

NOI (Annual)
$5,547
Price-to-Rent

Lower = better for investors

16.9

* 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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