8444 New Salem San Diego

8444 New Salem San Diego

D

, CA 92126

$549,999

Beds

2

Baths

2

Sqft

866

Year Built

1985

Days on Market

25

Property Type

Condo

HOA/mo

$420

MLS ID

260002924SD

Description

HIGHLY DESIRED LOCATION IN COMMUNITY! TWO MASTER BEDROOMS! NO MELLO-ROOS! Hello! My name is 8444 New Salem Street #12, but you can just call me “home.” I’m that rare single-story corner condo in the heart of Mira Mesa; the kind that feels bright, open, and peaceful the moment you walk in. With two true primary bedrooms, I’m designed for comfort and flexibility, perfect for roommates, guests, or the ideal work-from-home setup. Take a look around and you’ll notice my beautiful hard-surface floors throughout, even on my private balcony. It’s a clean, modern touch you won’t find in most units. My kitchen is well-kept and ready for your own designer upgrades whenever the time feels right. My living space flows out to a serene balcony, your morning coffee spot, your unwind-after-work corner, your weekend reading retreat. And here’s where I really shine: I’m steps from the sparkling community pool and directly across from the new $55 million Mira Mesa Park & Recreation Project, transforming this entire area into one of San Diego’s most exciting activity hubs. Add in Mira Mesa’s great eateries, shops, and proximity to Qualcomm, tech, and biotech companies, and you’ve got a location with both lifestyle and long-term value. My community is peaceful, green, and well maintained, with mature trees, open spaces, and plenty of places to relax. If you’ve been searching for a home that feels peaceful, practical, and perfectly placed, I’d love to welcome you in. Come see me soon… homes like me don’t stay single for long.

Mortgage Calculator

Est. Monthly Payment

$3,912

Principal & Interest$2,781
Property Tax$550
Insurance$160
HOA$420
%($110,000)
%

Investment Score

7D
Est. Monthly Rent

Market Rent Estimate

$2,698
Monthly Cashflow

Rent − PITI − HOA

$-1,213
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,292

Mortgage (P+I)
$2,781
Cap Rate
1.07%
Cash-on-Cash
-13.23%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.97
Break-even Rent
$3,911

NOI (Annual)
$5,870
Price-to-Rent

Lower = better for investors

17.0

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

Get Expert AnalysisOpen Full Calculator