8994 Butternut
Ctop 80%San Diego, CA 92123
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!
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Est. Monthly Payment
$7,857
Location
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Comparable Properties
5 comps foundThis Property
$4,257
Comp Average
$4,216
7734 Nightingale
3bd / 2.5ba · 1,475 sqft · Townhouse
$699K
Est. $4,221/mo
8642 Converse Ave
4bd / 2.5ba · 1,532 sqft · Townhouse
$875K
Est. $4,913/mo
8756 Concourse Ct.
3bd / 2.5ba · 1,438 sqft · Townhouse
$809K
Est. $3,815/mo
3309 Ruffin Rd
3bd / 3ba · 1,677 sqft · Townhouse
$940K
Est. $4,345/mo
3303 Ruffin Rd
3bd / 3ba · 1,691 sqft · Townhouse
$942K
Est. $3,784/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
5 leases of 3-bed condos & townhomes in 92123 · $4,313–$4,621
Blended 50/50 with the zip's market median ($3,931)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$5,496/mo short at 20% down; 92% down or +$7,137/mo rent closes it.
- Break-even price
- $384,488
- Break-even rent
- $11,394/mo
- Cashflow at 35% down
- −$4,350/mo
- Down payment to break even
- 92%
- Rate to break even
- Not reachable
65% under asking
$7,137/mo above the estimate
$1,012,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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