10466 Caminito Sulmona
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10466 Caminito Sulmona

Btop 30%

Rancho Peñasquitos, CA 92129

$485,000
STR: check · no permits in this complex · TOT 11.75%

2 licensed short-term rentals within ½ mile (0 whole home), from the cities' license and permit lists of Nov 2, 2026.

No unit in this 52-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: -$2,238/mo full cashflow at 20% down, 7.49% rate.

Works at $194,708 (60% under asking), or at 87% down.

Rent $2,752/mo from 13 leases of 2-bed condos & townhomes within 1 mi ($2,750–$2,952).

Beds

2

Baths

1

Sqft

945

Year Built

1973

Days on Market

94

Property Type

Condo

HOA/mo

$617

MLS ID

NDP2607169

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

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About This Property

Welcome to 10466 Caminito Sulmona, a beautifully maintained 2-bedroom, 1-bathroom condo offering 945 square feet of comfortable living space in the highly desirable community of Rancho Peñasquitos. This move-in-ready home features a bright and functional open floor plan filled with natural light, creating a warm and inviting atmosphere. The spacious living room flows seamlessly into the dining area and kitchen, making it perfect for both everyday living and entertaining. Both bedrooms are generously sized with ample closet space, while the well-appointed bathroom offers style and functionality. Enjoy the convenience of an in-unit washer and dryer, making laundry day effortless, along with garage parking for added security and extra storage. Residents enjoy beautifully maintained grounds and resort-style community amenities, including a sparkling pool, while being just minutes from parks, shopping, dining, hiking trails, and convenient freeway access. Located within the highly acclaimed Poway Unified School District, this home is an excellent opportunity for first-time buyers, downsizers, or investors looking to own in one of San Diego's most sought-after neighborhoods.

Mortgage Calculator

Est. Monthly Payment

$3,954

Principal & Interest$2,710
Property Tax$485
Insurance$141
HOA$617
%($97,000)
%
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

43B
Est. Monthly Rent
$2,752

13 leases of 2-bed condos & townhomes within 1 mi · $2,750–$2,952

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,201
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,238

What would make this work?

$2,238/mo short at 20% down; 87% down or +$2,907/mo rent closes it.

Break-even price

60% under asking

$194,708
Break-even rent

$2,907/mo above the estimate

$5,659/mo
Cashflow at 35% down
−$1,730/mo
Down payment to break even

$421,950 cash

87%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,710
Cap Rate
1.51%
Cash-on-Cash
-27.69%
DSCR

Need ≥ 1.25 for DSCR loan

0.70

NOI (Annual)
$7,314
Price-to-Rent

Lower = better for investors

14.7

* Modelled at 20% down, 7.49% 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−$2,238/mo