8656 New Salem St

8656 New Salem St #54

D

San Diego, CA 92126

$439,000

Soft Appraisal Value: $439,900 · 0.2% below estimate

Beds

1

Baths

1

Sqft

581

Year Built

1993

Days on Market

66

Property Type

Condo

HOA/mo

$408

MLS ID

260001755SD

Description

Back on the market, Buyer couldn't perform! This is a great opportunity to snag it before its gone! Welcome to Mirabella in Mira Mesa, a beautifully maintained, light-filled residence offering comfort, convenience, and resort-style living in one of San Diego’s most central locations. This move-in-ready one-bedroom, one-bath home features 581 square feet of thoughtfully designed living space with a bright, open layout that flows effortlessly from the living area into the dining and kitchen spaces. The kitchen offers generous cabinetry and counter space, while large windows fill the home with natural light, creating a warm and inviting atmosphere. The spacious primary bedroom includes ample closet space and easy access to the full bathroom. Step outside to your private balcony with storage closet (washer & dryer included), the perfect place to enjoy morning coffee or unwind in the evening. The home also features a newer air conditioning system installed in 2022 for year-round comfort. Residents of the Mirabella community enjoy a sparkling pool, clubhouse, and community center, all set within beautifully landscaped grounds. The low HOA of only $408 per month adds to the home’s appeal and value. Adding to the lifestyle advantage, the Mira Mesa Community Park across New Salem Street is undergoing major City improvements that will include a new aquatic complex, an all-wheels plaza, upgraded recreation facilities, new play areas, and multi-use courts. near I-805 and I-15 with easy access to Sorrento Valley, UTC, La Jolla, shopping, dining, and major employers.

Mortgage Calculator

Est. Monthly Payment

$3,195

Principal & Interest$2,220
Property Tax$439
Insurance$128
HOA$408
%($87,800)
%

Investment Score

4D
Est. Monthly Rent
$2,404
Monthly Cashflow

Rent − PITI − HOA

$-791
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,710

Mortgage (P+I)
$2,220
Cap Rate
1.39%
Cash-on-Cash
-23.37%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.75
Break-even Rent
$4,624

NOI (Annual)
$6,123
Price-to-Rent

Lower = better for investors

15.2

* 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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