8668 New Salem
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8668 New Salem #103

B

San Diego, CA 92126

$599,000

Soft Appraisal Value: $593,200 · 1.0% above estimate

Beds

2

Baths

2

Sqft

831

Year Built

1993

Days on Market

46

Property Type

Condo

HOA/mo

$408

MLS ID

260011248SD

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

Virtual Tour

About This Property

Welcome to this beautifully remodeled 2-bedroom, 2-bathroom entry-level condo located in the highly sought-after gated community of Mirabella in the heart of Mira Mesa. This stunning home features luxury vinyl flooring throughout, a fully remodeled kitchen with elegant cabinetry, quartz countertops, and stylishly updated bathrooms. Enjoy the convenience of dual primary bedroom suites, full-size in-unit laundry, and a spacious private balcony perfect for relaxing or entertaining. Residents of the community enjoy resort-style amenities including a sparkling pool, relaxing spa, and fully equipped fitness center. The home also includes two assigned underground parking spaces for added convenience and security. Ideally located close to shopping, dining, parks, UCSD and freeway 15 and 805, this move-in-ready home offers the perfect blend of comfort, style, and convenience.

Mortgage Calculator

Est. Monthly Payment

$4,211

Principal & Interest$3,029
Property Tax$599
Insurance$175
HOA$408
%($119,800)
%

Location

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Investment Score

34C
Est. Monthly Rent
$2,809
Monthly Cashflow

Rent − PITIA

$-1,402
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,547

Mortgage (P+I)
$3,029
Cap Rate
0.97%
Cash-on-Cash
-25.51%
DSCR

Need ≥ 1.25 for DSCR loan

0.67
Break-even Rent
$6,117

NOI (Annual)
$5,781
Price-to-Rent

Lower = better for investors

17.8

* 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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