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10975 Elderwood Rd

Ctop 80%

Scripps Ranch, CA 92131

$1,675,000

STR-eligible · San Diego Tier 3 · TOT 12.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

2 licensed short-term rentals within ½ mile (1 whole home), from the cities' license and permit lists of Nov 2, 2026.

Pass at asking: -$9,149/mo full cashflow at 20% down, 7.49% rate.

Works at $488,907 (71% under asking), or at 99% down.

Rent $4,898/mo from 10 leases of 3–5 bed houses within 1 mi ($4,862–$5,382).

Beds

Baths

2.5

Sqft

2,225

Year Built

1985

Days on Market

Property Type

Single Family

HOA/mo

N/A

MLS ID

260021166SD

This property is in Scripps Ranch (92131). View neighborhood stats →

Virtual Tour

About This Property

Welcome home to 10975 Elderwood Rd in the heart of Scripps Ranch, situated on an impressive 11,000+ sq. ft. lot with no HOA and no Mello-Roos. Beautiful marble flooring, abundant natural light, generous living spaces, and a well-designed floor plan create a bright and welcoming interior. A three-car garage provides exceptional space for vehicles, storage, and everyday convenience. Outside, the expansive and private backyard is a standout feature, offering a rare amount of usable outdoor space, complemented by a covered patio ideal for relaxing, dining, and entertaining year-round. Located in an established neighborhood within the San Diego Unified School District, with convenient access to shopping, dining, parks, trails, and major commuter routes. With its oversized lot, three-car garage, no HOA, and no Mello-Roos, this home delivers the space, flexibility, and location all in one!

Mortgage Calculator

Est. Monthly Payment

$11,524

Principal & Interest$9,360

Property Tax$1,675

Insurance$489

Down Payment

%($335,000)

Interest Rate

Loan Term

Location

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Zoned Schools

Elementary
Jerabek Elementary · grades K-5 · San Diego Unified
Middle
Marshall Middle · grades 6-8 · San Diego Unified
High
Scripps Ranch High · grades 9-12 · San Diego 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

$4,898

Comp Average

$4,465

10815 Caminito Cuesta

4bd / 2.5ba · 1,903 sqft · Single Family

$1.32M

Est. $4,788/mo

11170 Briarcliff Drive

4bd / 2ba · 1,744 sqft · Single Family

$1.28M

Est. $4,403/mo

10790 Oakbend Drive

3bd / 2.5ba · 1,920 sqft · Single Family

$1.40M

Est. $4,549/mo

11393 Vista Elevada

3bd / 2.5ba · 1,924 sqft · Single Family

$1.30M

Est. $4,338/mo

12595 Swan Canyon Place

3bd / 2.5ba · 1,778 sqft · Single Family

$1.30M

Est. $4,248/mo

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

Investment Score

Est. Monthly Rent

$4,898

10 leases of 3–5 bed houses within 1 mi · $4,862–$5,382

Blended 50/50 with the zip's market median ($4,780)

Monthly Cashflow

Rent − PITIA

-$6,626

Full Cashflow

Incl. vacancy, PM, maint, capex

-$9,149

What would make this work?

$9,149/mo short at 20% down; 99% down or +$11,881/mo rent closes it.

Break-even price: $488,907
Break-even rent: $16,779/mo
Cashflow at 35% down: −$7,394/mo
Down payment to break even: 99%
Rate to break even: Not reachable

Mortgage (P+I)

$9,360

Cap Rate

0.33%

Cash-on-Cash

-32.77%

DSCR

Need ≥ 1.25 for DSCR loan

0.43

NOI (Annual)

$5,478

Price-to-Rent

Lower = better for investors

28.5

* 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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CCashflow−$9,149/mo