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10524 Caminito Rimini

Atop 10%

Rancho Peñasquitos, CA 92129

$449,000

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 80-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: -$1,908/mo full cashflow at 20% down, 7.49% rate.

Works at $201,597 (55% under asking), or at 81% down.

Rent $2,821/mo from 13 leases of 2-bed condos & townhomes within 1 mi ($2,750–$2,952).

Beds

Baths

Sqft

945

Year Built

1973

Days on Market

Property Type

Condo

HOA/mo

$617

MLS ID

260018455SD

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

Virtual Tour

About This Property

Move right into this light-filled, beautifully updated townhome with CENTRAL AC, located in the desirable Penasquitos Three community. Fresh interior paint and new vinyl plank flooring create a crisp, modern feel, while the bright, open floor plan offers a warm and inviting atmosphere. Enjoy the convenience of a full-size interior washer and dryer, rare central air conditioning and heat, and an additional private storage room on the side of the building—an especially valuable bonus. Relax with your morning coffee or unwind in the evening on the private living room balcony. Additional highlights include a detached one-car garage plus an assigned parking space for added convenience. Residents enjoy access to the community pool, and the home is ideally situated near top-rated schools, parks, shopping, dining, and easy freeway access.

Mortgage Calculator

Est. Monthly Payment

$3,706

Principal & Interest$2,509

Property Tax$449

Insurance$131

HOA$617

Down Payment

%($89,800)

Interest Rate

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.

Comparable Properties

5 comps found

This Property

$2,821

Comp Average

$2,824

10359 Azuaga

2bd / 2ba · 881 sqft · Condo

$475K

Est. $2,813/mo

10329 Azuaga Street

2bd / 2ba · 881 sqft · Condo

$528K

Est. $3,040/mo

10379 Azuaga St

2bd / 2ba · 881 sqft · Condo

$520K

Est. $2,808/mo

10466 Caminito Sulmona

2bd / 1ba · 945 sqft · Condo

$485K

Est. $2,752/mo

11022 Via Asti

2bd / 1ba · 924 sqft · Condo

$540K

Est. $2,709/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

51A

Est. Monthly Rent

$2,821

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

Blended 50/50 with the zip's market median ($2,790)

Monthly Cashflow

Rent − PITIA

-$885

Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,908

What would make this work?

$1,908/mo short at 20% down; 81% down or +$2,478/mo rent closes it.

Break-even price: $201,597
Break-even rent: $5,299/mo
Cashflow at 35% down: −$1,438/mo
Down payment to break even: 81%
Rate to break even: Not reachable

Mortgage (P+I)

$2,509

Cap Rate

1.98%

Cash-on-Cash

-25.50%

DSCR

Need ≥ 1.25 for DSCR loan

0.76

NOI (Annual)

$8,905

Price-to-Rent

Lower = better for investors

13.3

* 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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ACashflow−$1,908/mo