10785 New Grove Trl
Ctop 80%Carmel Valley, CA 92130
Pass at asking: -$6,889/mo full cashflow at 20% down, 7.43% rate.
Works at $402,964 (69% under asking), or at 97% down.
Rent $4,520/mo from 12 leases of 2–4 bed condos & townhomes within 2 mi ($3,858–$4,776).
Beds
3
Baths
2.5
Sqft
1,636
Year Built
2011
Days on Market
0
Property Type
Townhouse
HOA/mo
$385
MLS ID
260026554SD
This property is in Carmel Valley (92130). View neighborhood stats →
About This Property
Highly desirable highlands village modern townhouse in Carmel Valley. Walk to award-winning sage canyon elementary. Open layout. The kitchen is equipped with granite countertops, S/S appliances & recessed lighting. Spacious master suite includes walk-in closet & luxurious bathroom with dual sinks, standalone shower & soaking tub. Three bedrooms& a loft area upstairs. Access to a fantastic recreation center that offers amenities such as resort-style swimming pool/spa, BBQ area, fitness center, kitchen& BBQ
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Est. Monthly Payment
$9,286
Location
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Comparable Properties
5 comps foundThis Property
$4,520
Comp Average
$4,906
12934 Carmel Creek Road
3bd / 3ba · 1,604 sqft · Townhouse
$1.12M
Est. $4,795/mo
6139 Verda Lane
3bd / 2.5ba · 1,563 sqft · Townhouse
$1.20M
Est. $4,870/mo
12922 Peppergrass Creek Gate
3bd / 2.5ba · 1,817 sqft · Townhouse
$1.44M
Est. $5,239/mo
12956 Candela Place
3bd / 2.5ba · 1,602 sqft · Townhouse
$1.40M
Est. $4,734/mo
3821 Creststone Pl.
3bd / 2.5ba · 1,604 sqft · Townhouse
$1.59M
Est. $4,892/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
12 leases of 2–4 bed condos & townhomes within 2 mi · $3,858–$4,776
Blended 50/50 with the zip's market median ($4,981)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$6,889/mo short at 20% down; 97% down or +$8,947/mo rent closes it.
- Break-even price
- $402,964
- Break-even rent
- $13,467/mo
- Cashflow at 35% down
- −$5,535/mo
- Down payment to break even
- 97%
- Rate to break even
- Not reachable
69% under asking
$8,947/mo above the estimate
$1,261,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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