9439 Fairgrove Ln
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9439 Fairgrove Ln #102

C

Rancho Peñasquitos, CA 92129

$575,000
NEW — 5d

Soft Appraisal Value: $564,600 · 1.8% above estimate

Beds

2

Baths

2

Sqft

927

Year Built

1986

Days on Market

5

Property Type

Condo

HOA/mo

$435

MLS ID

260011932SD

This property is in Rancho Peñasquitos (92129). View neighborhood stats →

Virtual Tour

About This Property

VA financing welcome! This turnkey lower-level condo offers 2 bedrooms and 2 bathrooms in the highly desirable Casablanca community of Rancho Peñasquitos. Step inside to discover fresh new paint throughout, along with newer full-size stackable washer and dryer, dishwasher, garbage disposal, and water heater. The spacious living room features a stunning fireplace and opens to a large private patio complete with an additional storage closet. The primary suite boasts vaulted ceilings, a refreshed en-suite bathroom, and an oversized walk-in closet. The secondary bedroom and bathroom also offer excellent storage space. Enjoy modern convenience with central HVAC, and in-unit laundry. HOA dues include water, adding exceptional value. Residents of Casablanca enjoy lush tropical landscaping and pet-friendly amenities, including a clubhouse, four pools, and relaxing spas. The home also includes two assigned parking spaces just steps from the unit, plus extra locked storage cabinets at the carport. Conveniently located near major freeways, shopping, dining, the YMCA, post office, and everyday essentials, this home is also within the award-winning Westview High School. VA financing welcome! This turnkey lower-level condo offers 2 bedrooms and 2 bathrooms in the highly desirable Casablanca community of Rancho Peñasquitos. Step inside to discover fresh new paint throughout, along with newer full-size stackable washer and dryer, dishwasher, garbage disposal, and water heater. The spacious living room features a stunning fireplace and opens to a large private patio complete with an additional storage closet. The primary suite boasts vaulted ceilings, a refreshed en-suite bathroom, and an oversized walk-in closet. The secondary bedroom and bathroom also offer excellent storage space. Enjoy modern convenience with central HVAC, and in-unit laundry. HOA dues include water, adding exceptional value. Residents of Casablanca enjoy lush tropical landscaping and pet-friendly amenities, including a clubhouse, four pools, and relaxing spas. The home also includes two assigned parking spaces just steps from the unit, plus extra locked storage cabinets at the carport. Conveniently located near major freeways, shopping, dining, the YMCA, post office, and everyday essentials, this home is also within the award-winning Westview High School.

Mortgage Calculator

Est. Monthly Payment

$4,085

Principal & Interest$2,908
Property Tax$575
Insurance$168
HOA$435
%($115,000)
%

Location

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Investment Score

38C
Est. Monthly Rent
$2,853
Monthly Cashflow

Rent − PITIA

$-1,233
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,368

Mortgage (P+I)
$2,908
Cap Rate
1.13%
Cash-on-Cash
-24.71%
DSCR

Need ≥ 1.25 for DSCR loan

0.70
Break-even Rent
$5,928

NOI (Annual)
$6,476
Price-to-Rent

Lower = better for investors

16.8

* 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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