12023 Alta Carmel Court 253

12023 Alta Carmel Court 253

A

San Diego, CA 92128

$440,000

Beds

1

Baths

1

Sqft

704

Year Built

2006

Days on Market

Property Type

Condo

HOA/mo

$405

MLS ID

SW26153192

This property is in San Diego (92128). View neighborhood stats →

About This Property

**NEWLY RENOVATED**Tucked into the heart of Carmel Mountain Ranch, this beautifully updated one bedroom/one bathroom condo sits inside the desirable iL Palio community, just one easy flight of stairs up from the ground level. It's a low-maintenance find for a first-time buyer, investor, or busy professional looking to cut their commute to nearby Rancho Bernardo employers.The kitchen and bathroom have been fully renovated, with brand new LVP flooring and fresh paint throughout. This home is fully move-in ready. You'll also find a gas cooktop, dishwasher, in-unit laundry hookups, central air, and high-efficiency natural gas heat. A private, fenced patio gives you your own outdoor space to relax. As a resident, you'll have access to resort-style amenities including a pool, hot tub, sauna, fitness center, tennis and racquetball courts, basketball courts, and BBQ areas, all just steps from your door. You're minutes from Costco and Westfield North County shopping, with quick access to I-15 and parks nearby. Zoned for the award-winning Poway Unified School District. Come see it for yourself. Open House: July 18th - 19th 12-3pm

Mortgage Calculator

Est. Monthly Payment

$3,198

Principal & Interest$2,225
Property Tax$440
Insurance$128
HOA$405
%($88,000)
%

Investment Score

49B
Est. Monthly Rent
$2,438
Monthly Cashflow

Rent − PITIA

$-760
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,687

Mortgage (P+I)
$2,225
Cap Rate
1.47%
Cash-on-Cash
-23.01%
DSCR

Need ≥ 1.25 for DSCR loan

0.76
Break-even Rent
$4,629

NOI (Annual)
$6,451
Price-to-Rent

Lower = better for investors

15.0

* 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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