9939 Erma Rd
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9939 Erma Rd #103

B

Scripps Ranch, CA 92131

$548,000
NEW — 0d

Soft Appraisal Value: $542,900 · 0.9% above estimate

Beds

2

Baths

2

Sqft

911

Year Built

1984

Days on Market

0

Property Type

Condo

HOA/mo

$452

MLS ID

260015724SD

This property is in Scripps Ranch (92131). View neighborhood stats →

About This Property

Must view! Welcome to first floor condo in the highly desirable Scripps Mesa community, just minutes to Miramar Reservior. Kitchen and baths have granite countertops. Spacious living room comes with a sliding glass door to patio. Laminate plank flooring throughout the unit. Dual pane windows provide energy efficiency and natural light. A stackable washer/dryer in laundry room. Two assigned parking spaces. Residents enjoy amenities such as pool, spa and exercise room. Ideally located near schools, shops, restaurants and Lake. Easy access to freeways.

Mortgage Calculator

Est. Monthly Payment

$3,931

Principal & Interest$2,771
Property Tax$548
Insurance$160
HOA$452
%($109,600)
%

Location

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Investment Score

44C
Est. Monthly Rent
$2,954
Monthly Cashflow

Rent − PITIA

$-977
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,113

Mortgage (P+I)
$2,771
Cap Rate
1.44%
Cash-on-Cash
-23.14%
DSCR

Need ≥ 1.25 for DSCR loan

0.75
Break-even Rent
$5,698

NOI (Annual)
$7,895
Price-to-Rent

Lower = better for investors

15.5

* 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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