8456 New Salem St

8456 New Salem St #27

D

San Diego, CA 92126

$595,000

Soft Appraisal Value: $588,500 · 1.1% above estimate

Beds

2

Baths

2

Sqft

866

Year Built

1985

Days on Market

19

Property Type

Condo

HOA/mo

$485

MLS ID

260006115SD

Description

Beautifully Updated First-Floor Condo in Prime Walkable Location! Welcome to this thoughtfully updated 1st-floor condo offering comfort, style, and unbeatable convenience. This move-in ready home features Luxury Vinyl Plank flooring, newer interior paint, new lighting, mirrored closet doors, and a bright, modern feel throughout. property was renovated in 2022 !! The renovated kitchen and bathroom showcase cabinetry, quartz countertops, a gas range, dishwasher. Enjoy the convenience of stackable laundry located in your spacious private patio, with an additional community laundry room nearby if desired. Your covered parking space and the community pool are just steps from the unit entrance ,making everyday living effortless. Location is everything, and this condo truly delivers that! Step outside and enjoy a vibrant, walkable neighborhood where nearly everything you need is within 5–10 minutes: Morning coffee at Better Buzz or Starbucks Breakfast at IHOP Groceries at Vons or Target Pharmacy access at Walgreens or CVS EV charging nearby with Tesla and Electrify America stations Dining options galore: Habit Burger, Chick-fil-A, Chipotle, Little Sakana (all-you-can-eat sushi), Pista House (authentic Indian cuisine), or District 6 Gastropub Mira Mesa Library and neighborhood parks just a short stroll away Whether you're a first-time buyer, downsizer, or investor, this home offers the perfect combination of modern updates and unbeatable convenience in a highly desirable location. Everything you need is just steps from your front door.

Mortgage Calculator

Est. Monthly Payment

$4,262

Principal & Interest$3,009
Property Tax$595
Insurance$174
HOA$485
%($119,000)
%

Investment Score

2D
Est. Monthly Rent
$2,721
Monthly Cashflow

Rent − PITIA

$-1,542
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,663

Mortgage (P+I)
$3,009
Cap Rate
0.70%
Cash-on-Cash
-26.86%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.64
Break-even Rent
$6,180

NOI (Annual)
$4,144
Price-to-Rent

Lower = better for investors

18.2

* 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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