10247 Caminito Covewood
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10247 Caminito Covewood

D

Scripps Ranch, CA 92131

$720,000
NEW — 0d

Beds

3

Baths

2.5

Sqft

1,568

Year Built

1978

Days on Market

0

Property Type

Condo

HOA/mo

$713

MLS ID

260013216SD

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

About This Property

Welcome to this spacious two-story townhome in the highly desirable Scripps Ranch community. Featuring soaring vaulted ceilings and abundant natural light, the open floor plan creates a bright and inviting atmosphere throughout. The spacious living room and family room flow seamlessly to a private deck overlooking peaceful treetop views, making it the perfect place to relax or entertain. Virtual staging and original pic included. The main level offers a generous living space and a convenient powder room for guests. Upstairs, you'll find three bedrooms and two full baths, including a spacious primary suite with vaulted ceilings, large windows, and plenty of natural light. Additional features include a two-car attached garage and an excellent opportunity for a buyer to update and customize the home to their own taste. New carpet has already been ordered for the downstairs and is scheduled for installation soon. Ideally located within the community, this home is just steps from guest parking and conveniently close to the community pool and spa. Enjoy all that Scripps Ranch has to offer, including nearby parks, walking trails, shopping, dining, and top-rated schools.

Mortgage Calculator

Est. Monthly Payment

$5,284

Principal & Interest$3,641
Property Tax$720
Insurance$210
HOA$713
%($144,000)
%

Location

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Investment Score

28D
Est. Monthly Rent
$3,622
Monthly Cashflow

Rent − PITIA

$-1,662
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,095

Mortgage (P+I)
$3,641
Cap Rate
0.91%
Cash-on-Cash
-25.79%
DSCR

Need ≥ 1.25 for DSCR loan

0.69
Break-even Rent
$7,641

NOI (Annual)
$6,551
Price-to-Rent

Lower = better for investors

16.6

* 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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