8444 New Salem Drive San Diego

8444 New Salem Drive San Diego

D

, CA 92126

$549,000

Beds

2

Baths

2

Sqft

866

Year Built

1985

Days on Market

13

Property Type

Condo

HOA/mo

$480

MLS ID

260003797SD

Description

Simply the best 2 bed, 2 bath condo in the highly desirable Villas of New Salem—right in the heart of Mira Mesa! Virtually everything was updated in 2022, including a stunning new kitchen, dual-pane windows, luxury vinyl plank flooring, recessed lighting, water heater and A/C. The beautifully remodeled kitchen shines with sparkling quartz countertops and stainless steel appliances. Both bedrooms offer ceiling fans, dual closets with mirrored wardrobe doors, and private en-suite bathrooms. Each bathroom has been thoughtfully upgraded with marble tile flooring, quartz vanities, and tub/shower combinations with marble tile surrounds. Additional uncovered parking spot may be rented from the HOA. This bright and inviting home is ideally located near shopping, restaurants, schools, the public library, and Mira Mesa Community Park. Inside, you’ll find a spacious living and dining area featuring recessed lighting, a ceiling fan, and direct access to a private covered patio—perfect for indoor/outdoor living Turnkey, stylish, and centrally located—this is Mira Mesa living at its finest!

Mortgage Calculator

Est. Monthly Payment

$3,965

Principal & Interest$2,776
Property Tax$549
Insurance$160
HOA$480
%($109,800)
%

Investment Score

6D
Est. Monthly Rent

Market Rent Estimate

$2,698
Monthly Cashflow

Rent − PITI − HOA

$-1,267
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,345

Mortgage (P+I)
$2,776
Cap Rate
0.94%
Cash-on-Cash
-13.85%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.97
Break-even Rent
$3,965

NOI (Annual)
$5,172
Price-to-Rent

Lower = better for investors

17.0

* Defaults: 20% down, 6.5% rate, 30yr.

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