10363 Caminito Covewood
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10363 Caminito Covewood

B

Scripps Ranch, CA 92131

$599,999
NEW — 4d

Soft Appraisal Value: $594,500 · 0.9% above estimate

Beds

2

Baths

2

Sqft

1,150

Year Built

1978

Days on Market

4

Property Type

Condo

HOA/mo

$730

MLS ID

NDP2606405

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

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About This Property

Fantastic opportunity to own in Scripps Ranch! Nestled in a peaceful eucalyptus grove, this light-filled home offers a bright, open floor plan in a quiet, established Scripps Ranch neighborhood. Rich engineered hickory hardwood flooring extends throughout, while vaulted ceilings in the living room and spacious primary suite create an open, airy feel. The living room and primary suite open through Andersen sliding glass doors to a spacious rear deck overlooking the eucalyptus grove, creating a peaceful retreat surrounded by nature. A second private deck just off the kitchen is the perfect place to enjoy your morning coffee, dine outdoors, or unwind at the end of the day. The updated kitchen features quartz countertops, modern appliances, warm honey oak cabinetry, and ample storage. Additional highlights include central air conditioning, an in-unit laundry room, and a detached two-car garage. Residents enjoy a community pool and spa, with nearby Hoyt Park, Hendrix Pond, scenic walking trails, and fishing just a short walk away. Located within the Scripps Ranch school district, this home offers a combination of natural beauty, thoughtful updates, and everyday convenience.

Mortgage Calculator

Est. Monthly Payment

$4,539

Principal & Interest$3,034
Property Tax$600
Insurance$175
HOA$730
%($120,000)
%

Location

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Investment Score

42C
Est. Monthly Rent
$3,513
Monthly Cashflow

Rent − PITIA

$-1,026
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,334

Mortgage (P+I)
$3,034
Cap Rate
1.40%
Cash-on-Cash
-23.34%
DSCR

Need ≥ 1.25 for DSCR loan

0.77
Break-even Rent
$6,544

NOI (Annual)
$8,400
Price-to-Rent

Lower = better for investors

14.2

* 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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