11249 Caminito Rodar
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11249 Caminito Rodar

Ctop 80%

San Diego, CA 92126

$1,140,000

Pass at asking: -$6,327/mo full cashflow at 20% down, 7.49% rate.

Works at $319,652 (72% under asking), or at all cash.

Rent $3,916/mo from 8 leases of 2–4 bed condos & townhomes within 1 mi ($3,915–$4,143).

Beds

3

Baths

2.5

Sqft

1,791

Year Built

1996

Days on Market

81

Property Type

Townhouse

HOA/mo

$550

MLS ID

260016211SD

This property is in San Diego (92126). View neighborhood stats →

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About This Property

Welcome to beautiful Tierra Mesa, where comfort, thoughtful design, and an unbeatable Sorrento Mesa location come together. Offering approx. 1,791 sq. ft. on one of the community’s largest corner lots, this spacious 3-bedroom, 2.5-bath townhome sits caddy-corner to the pool and spa. The light-filled floor plan features a spacious living room with cozy fireplace, creating an inviting setting for everyday living and entertaining. The adjoining dining area and new kitchen with all-new appliances flow seamlessly together. Upstairs, the generous primary suite offers a walk-in closet and private en-suite bath, while two additional bedrooms provide flexible space for family, guests, or a home office. Enjoy a private patio ideal for morning coffee, outdoor dining, or relaxing in San Diego’s year-round climate. A two-car attached garage plus driveway parking adds convenience and storage. Tierra Mesa residents enjoy landscaped grounds, resort-style pool and spa, BBQ/picnic area, dog park, and lush greenbelts. HOA covers exterior maintenance, building insurance, and common-area upkeep. Minutes from Lopez Ridge Park, top-rated schools, shopping, dining, major technology and biotech employers, and freeway access. All property information is deemed reliable but not guaranteed. Buyer and Buyer’s Agent are advised to independently verify all information material to the purchase and conduct their own due diligence, inspections, investigations, and verification of all property-related matters prior to close of escrow.

Mortgage Calculator

Est. Monthly Payment

$8,393

Principal & Interest$6,371
Property Tax$1,140
Insurance$332
HOA$550
%($228,000)
%
Loan Term

Location

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Investment Score

3C
Est. Monthly Rent
$3,916

8 leases of 2–4 bed condos & townhomes within 1 mi · $3,915–$4,143

Blended 50/50 with the zip's market median ($3,808)

Monthly Cashflow

Rent − PITIA

-$4,477
Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,327

What would make this work?

$6,327/mo short at 20% down; 100% down or +$8,217/mo rent closes it.

Break-even price

72% under asking

$319,652
Break-even rent

$8,217/mo above the estimate

$12,133/mo
Cashflow at 35% down
−$5,133/mo
Down payment to break even

$1,140,000 cash

100%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,371
Cap Rate
0.25%
Cash-on-Cash
-33.30%
DSCR

Need ≥ 1.25 for DSCR loan

0.47

NOI (Annual)
$2,869
Price-to-Rent

Lower = better for investors

24.3

* 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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CCashflow−$6,327/mo