10379 Azuaga Street #144
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10379 Azuaga Street #144

Btop 30%

Rancho Peñasquitos, CA 92129

$525,000
NEW — 0d
STR: check · no permits in this complex · TOT 12.75%

3 licensed short-term rentals within ½ mile (1 whole home), from the cities' license and permit lists of Nov 6, 2026.

No unit in this 48-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.

Pass at asking: -$2,274/mo full cashflow at 20% down, 7.43% rate.

Works at $228,807 (56% under asking), or at 83% down.

Rent $2,780/mo from 13 leases of 2-bed condos & townhomes within 1 mi ($2,656–$2,850).

Beds

2

Baths

2

Sqft

881

Year Built

1991

Days on Market

0

Property Type

Condo

HOA/mo

$383

MLS ID

NDP2610059

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

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About This Property

Welcome to Terra Vista in the heart of Rancho Peñasquitos! This beautifully updated upper level condo is light and bright and offers 2 bedrooms and 2 bathrooms. Ideally situated along the exterior edge of the community with no neighbors above or looking into this home. Split bedroom floor plan with each bedroom featuring its own bathroom providing an ideal layout plus beautiful mountain views. This home features plantation shutters, new flooring throughout, central AC and heating, recessed lighting, ceiling fans, a cozy fireplace with mantel and a large private balcony with storage and room for your bbq. The kitchen is beautifully appointed w/ windows letting in natural light, plus granite countertops and upgraded cabinetry. Additional highlights include an interior laundry closet with full size stacked washer and dryer and assigned covered parking plus a lot of convenient guest parking. Residents of Terra Vista enjoy resort style amenities including pool, spa, fitness center, and dry sauna. Conveniently located near shopping, dining, parks, and easy access to Highways 56 and 15, all within the highly regarded Poway Unified School District. This is a wonderful opportunity to enjoy low maintenance living in a desirable Rancho Peñasquitos community!

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Est. Monthly Payment

$3,978

Principal & Interest$2,917
Property Tax$525
Insurance$153
HOA$383
%($105,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Los Penasquitos Elementary · grades K-5 · Poway Unified

  • Middle

    Black Mountain Middle · grades 6-8 · Poway Unified

  • High

    Mt. Carmel High · grades 9-12 · Poway Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

45B
Est. Monthly Rent
$2,780

13 leases of 2-bed condos & townhomes within 1 mi · $2,656–$2,850

Blended 50/50 with the zip's market median ($2,805)

Monthly Cashflow

Rent − PITIA

-$1,198
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,274

What would make this work?

$2,274/mo short at 20% down; 83% down or +$2,954/mo rent closes it.

Break-even price

56% under asking

$228,807
Break-even rent

$2,954/mo above the estimate

$5,734/mo
Cashflow at 35% down
−$1,728/mo
Down payment to break even

$435,750 cash

83%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,917
Cap Rate
1.79%
Cash-on-Cash
-25.99%
DSCR

Need ≥ 1.25 for DSCR loan

0.70

NOI (Annual)
$9,373
Price-to-Rent

Lower = better for investors

15.7

* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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BCashflow−$2,274/mo