8994 Butternut

8994 Butternut

Ctop 80%

San Diego, CA 92123

$1,100,000
NEW — 0d

Pass at asking: -$5,496/mo full cashflow at 20% down, 7.43% rate.

Works at $384,488 (65% under asking), or at 92% down.

Rent $4,257/mo from 5 leases of 3-bed condos & townhomes in 92123 ($4,313–$4,621).

Beds

3

Baths

3.5

Sqft

1,995

Year Built

2014

Days on Market

0

Property Type

Townhouse

HOA/mo

$325

MLS ID

260026580SD

This property is in San Diego (92123). View neighborhood stats →

About This Property

Welcome to this beautifully upgraded corner-unit townhome in the desirable Promenade at Spectrum community, located in the heart of San Diego! Offering approximately 1,995 square feet, this spacious three-story residence features 3 bedrooms, 3.5 bathrooms, and an attached two-car tandem garage. Enjoy the privacy of an end-unit location with no neighbors above or below and only one shared wall. Inside, the open floor plan features soaring ceilings, abundant natural light, upgraded flooring throughout, plantation shutters, and generous living spaces. The recently upgraded primary bathroom features a luxurious walk-in shower, creating a modern, spa-like retreat. A convenient entry-level bedroom with a full bathroom provides flexibility for guests, a home office, or multigenerational living. Additional highlights include central heating and air conditioning, a water softener, in-unit laundry, and community amenities including a fitness center. LOCATION IS EVERYTHING! Situated in one of San Diego's most centrally located employment hubs, the property offers convenient access to major companies including Northrop Grumman, Sharp HealthCare, Qualcomm, Kyocera, SDG&E, Cubic, and other leading technology, healthcare, and defense employers. With easy access to the 163, 805, 15, and 52 freeways, you're conveniently connected to Mission Valley, UTC, downtown, shopping, restaurants, beaches, and everything San Diego has to offer. Nearly 2,000 square feet of upgraded living space in a prime central location. This is one you don't want to miss!

Mortgage Calculator

Est. Monthly Payment

$7,857

Principal & Interest$6,111
Property Tax$1,100
Insurance$321
HOA$325
%($220,000)
%
Loan Term

Location

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Investment Score

9C
Est. Monthly Rent
$4,257

5 leases of 3-bed condos & townhomes in 92123 · $4,313–$4,621

Blended 50/50 with the zip's market median ($3,931)

Monthly Cashflow

Rent − PITIA

-$3,600
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,496

What would make this work?

$5,496/mo short at 20% down; 92% down or +$7,137/mo rent closes it.

Break-even price

65% under asking

$384,488
Break-even rent

$7,137/mo above the estimate

$11,394/mo
Cashflow at 35% down
−$4,350/mo
Down payment to break even

$1,012,000 cash

92%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,111
Cap Rate
0.90%
Cash-on-Cash
-29.98%
DSCR

Need ≥ 1.25 for DSCR loan

0.54

NOI (Annual)
$9,937
Price-to-Rent

Lower = better for investors

21.5

* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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CCashflow−$5,496/mo