11173 Caminito Vista Serena
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11173 Caminito Vista Serena

C

Scripps Ranch, CA 92131

$845,000

Soft Appraisal Value: $868,800 · 2.7% below estimate

Beds

2

Baths

2

Sqft

1,538

Year Built

1988

Days on Market

13

Property Type

Condo

HOA/mo

$1,029

MLS ID

NDP2605745

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

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About This Property

Rare single level upper unit in the gated Promontory at Scripps Lake with no interior stairs. Offering vaulted ceilings, spacious living areas, private view deck & access to resort style amenities in one of Scripps Ranch's most desirable communities. Enter into an open & airy freshly painted interior flooded with natural light & spectacular views. This home is designed for comfortable everyday living & effortless entertaining. The spacious living & dining areas open to a large private deck, creating that perfect setting to relax & enjoy the peaceful surroundings & sweeping views & sunsets all the way to Point Loma. The bright kitchen features abundant cabinetry, generous counter space, a charming breakfast nook for casual dining & a newly installed furnace & AC. The oversized primary suite offers direct deck access, a large walk-in closet & an ensuite bath with dual sinks & ample storage. A full size laundry room, extra storage space & 2 car garage with workshop area add to the home's functionality & convenience. Located in a prime quiet private park-like setting with close proximity to the pool & spa. No units across the street keeps traffic to a minimum. Residence of the Promontory enjoy a meticulously maintained, beautifully landscaped community featuring a resort style pool & spa, tranquil walking paths & plentiful guest parking throughout the neighborhood. Ideally located in the heart of Scripps Ranch, you'll enjoy close proximity to Lake Miramar, scenic hiking & biking trails, neighborhood parks, recreation facilities, shopping, dining & easy freeway access. Located withing the award winning Scripps Ranch school district this home offers an exceptional opportunity to enjoy one of San Diego's most desirable communities.

Mortgage Calculator

Est. Monthly Payment

$6,393

Principal & Interest$4,273
Property Tax$845
Insurance$246
HOA$1,029
%($169,000)
%

Location

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Investment Score

26D
Est. Monthly Rent
$4,666
Monthly Cashflow

Rent − PITIA

$-1,727
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,504

Mortgage (P+I)
$4,273
Cap Rate
1.09%
Cash-on-Cash
-24.88%
DSCR

Need ≥ 1.25 for DSCR loan

0.73
Break-even Rent
$9,217

NOI (Annual)
$9,224
Price-to-Rent

Lower = better for investors

15.1

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

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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