1046 America Way

1046 America Way

D

Del Mar, CA 92014

$1,499,000

Beds

2

Baths

2.5

Sqft

2,023

Year Built

1986

Days on Market

245

Property Type

Condo

HOA/mo

$991

MLS ID

250024249SD

Description

Large Price Reduction...Luxury, Charm and Elegance I find can only describe this Fabulous Ocean View Del Mar Townhome; Totally Blown-out Ceilings with no Walls separating Living Room, Dining Room and Kitchen, with Floor to Ceiling Windows open to Natural Light and Panoramic Ocean Views, Automatic Blinds, Built-in Surround Sound Speakers and Mounted TV, Speakers in both Bedrooms which include their own Patio with Ocean Views, Built-in Laundry Room to accommodate Bedrooms... Large Attached Garage, Two Heated Pools, Walk to Flower hill Mall...Large Loft to do whatever you choose to do with it, Wood Burning Fireplace Grandfathered-in and a very Rare and pleasurable Amenity; High-end Appliances, Granite Countertops & Wrap around Bar; Easy freeway Access, Minutes to Beaches, Racetrack, Groceries & Services...

Mortgage Calculator

Est. Monthly Payment

$10,507

Principal & Interest$7,580
Property Tax$1,499
Insurance$437
HOA$991
%($299,800)
%

Investment Score

9D
Est. Monthly Rent

Market Rent Estimate

$7,812
Monthly Cashflow

Rent − PITI − HOA

$-2,695
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,741

Mortgage (P+I)
$7,580
Cap Rate
1.47%
Cash-on-Cash
-10.79%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

1.03
Break-even Rent
$10,507

NOI (Annual)
$22,069
Price-to-Rent

Lower = better for investors

16.0

* Defaults: 20% down, 6.5% rate, 30yr.

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