10916 New Salem Court, Mira Mesa, CA 92126

$1,700,000
5
BD
4
BA
2,599
SqFt
List Price
$1,700,000
Price Change
▲ $705,000 1659748235
Days on Market
12
Status
ACTIVE
MLS#
PV22172675
Bedrooms
5
Bathrooms
4
Living Sq. Ft
2,599
Lot Size(Range)
4,000-7,499 SF
Lot Size(apprx.)
6,900
City
Mira Mesa
School District
San Diego Unified School District
Property Type
Single Family Residential
Year Built
1972

Property Description

NCOME PROPERTY! RECESSION APPROVE INVESTMENT OPPORTUNITY! 2 HOUSES with 2 separate and private entries, 2 separate and private back yards, 2 separate addresses and separate utilities. Situated in a quiet cul-de-sac neighborhood. First house has 1,445 sqft and worth $1,000,000 Second house has 1,200 sqft and worth $850,000. To be sold together at a discounted price of $1,700,000 There is more room to build another 2 bedroom house to rent it out. Rents are moving upwards. If and when recession hits and people lose their homes rental units will be more in demand and the rents will go even higher. Also the property is in the right zone for SB 9 lot split. First house is tastefully remodeled and has a nice size of backyard with exotic fruit trees and new studio. The Second house is newly built. It has a modern interior, fantastic view from the second floor and is rented for $3,100 a month. Owner financing is available with 50% down. If you live in one house and rent the other one your house payments will be about $3,500. If you rent out both houses you will have around $90,000 annual income. That's a Cap rate of 5% . Plus real estate property appreciation of average 6% a year. In 10 years it will amount to 1.3M. This is very good INVESTMENT OPPORTUNITY. DON'T MISS IT.

Additional Information

Mello Roos Fee
$48
View
Neighborhood
Stories
1 Story
Additional Rooms
Master Retreat, Kitchen, Living Room, Master Bathroom
Cooling
Central Forced Air
Parking Garage Spaces
1
Supplemental
NCOME PROPERTY! RECESSION APPROVE INVESTMENT OPPORTUNITY! 2 HOUSES with 2 separate and private entries, 2 separate and private back yards, 2 separate addresses and separate utilities. Situated in a quiet cul-de-sac neighborhood. First house has 1,445 sqft and worth $1,000,000 Second house has 1,200 sqft and worth $850,000. To be sold together at a discounted price of $1,700,000 There is more room to build another 2 bedroom house to rent it out. Rents are moving upwards. If and when recession hits and people lose their homes rental units will be more in demand and the rents will go even higher. Also the property is in the right zone for SB 9 lot split. First house is tastefully remodeled and has a nice size of backyard with exotic fruit trees and new studio. The Second house is newly built. It has a modern interior, fantastic view from the second floor and is rented for $3,100 a month. Owner financing is available with 50% down. If you live in one house and rent the other one your house payments will be about $3,500. If you rent out both houses you will have around $90,000 annual income. That's a Cap rate of 5% . Plus real estate property appreciation of average 6% a year. In 10 years it will amount to 1.3M. This is very good INVESTMENT OPPORTUNITY. DON'T MISS IT.

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of HOMEVANA

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