10472 Caminito Rimini San Diego

10472 Caminito Rimini San Diego

D

, CA 92129

$429,000

Beds

2

Baths

1

Sqft

882

Year Built

1973

Days on Market

157

Property Type

Condo

HOA/mo

$605

MLS ID

ND25225676

View on MLS

Description

**VA APPROVED** Welcome to 10472 Caminito Rimini. This turn-key, freshly painted, spacious, two-story condo in the Rancho Penasquitos neighborhood is the perfect place to call home. Upon entering, you are greeted with an open-concept floorplan which includes the living, dining and kitchen areas. Cooking and entertaining is easy to do in the bright, white kitchen equipped with great storage space. Relax after a long day in your upstairs retreat outfitted with two bedrooms, one updated bathroom, brand new carpeting, and generous closet and attic space. Just steps away is your detached, shared garage which includes parking for one vehicle, plenty of storage, and shared laundry facilities. The Penasquitos Villas is a quiet, family/pet friendly, well-maintained community surrounded by lush trees and landscape. The community boasts a sparkling pool and many grassy areas to run and play. Living in PQ means you have access to nearby hiking trails, community events and the award-winning Poway Unified School District. With its convenient location near the 56 and 15 freeways, you are just minutes from many dining, shopping and recreational activities. Don’t miss the opportunity to make this beautiful condo your own!

Mortgage Calculator

Est. Monthly Payment

$3,328

Principal & Interest$2,169
Property Tax$429
Insurance$125
HOA$605
%($85,800)
%

Investment Score

19D
Est. Monthly Rent

Market Rent Estimate

$2,696
Monthly Cashflow

Rent − PITI − HOA

$-632
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,610

Mortgage (P+I)
$2,169
Cap Rate
1.56%
Cash-on-Cash
-8.84%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

1.24
Break-even Rent
$3,328

NOI (Annual)
$6,713
Price-to-Rent

Lower = better for investors

13.3

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

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