8492 New Salem
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8492 New Salem #59

B

San Diego, CA 92126

$459,000
NEW — 3d

Soft Appraisal Value: $450,300 · 1.9% above estimate

Beds

1

Baths

1

Sqft

572

Year Built

1985

Days on Market

3

Property Type

Condo

HOA/mo

$485

MLS ID

260015547SD

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

About This Property

Ideally located in the heart of Mira Mesa, this updated first-floor, one-bedroom, one-bath condo offers peaceful views of the adjacent park. Features include new luxury vinyl plank flooring, a remodeled kitchen with new cabinetry and countertops, and a bright, spacious living area. Relax on the private east-facing patio. The unit includes one assigned covered parking space and access to a resort-style pool, spa, and lush landscaping. Conveniently located near shopping, dining, and parks.

Mortgage Calculator

Est. Monthly Payment

$3,399

Principal & Interest$2,321
Property Tax$459
Insurance$134
HOA$485
%($91,800)
%

Location

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Investment Score

35C
Est. Monthly Rent
$2,185
Monthly Cashflow

Rent − PITIA

$-1,214
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,099

Mortgage (P+I)
$2,321
Cap Rate
0.58%
Cash-on-Cash
-27.44%
DSCR

Need ≥ 1.25 for DSCR loan

0.64
Break-even Rent
$4,911

NOI (Annual)
$2,663
Price-to-Rent

Lower = better for investors

17.5

* 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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