12122 Royal Birkdale Row 103

12122 Royal Birkdale Row 103

Ctop 80%

Rancho Bernardo, CA 92128

$599,000

Pass at asking: -$3,231/mo full cashflow at 20% down, 7.43% rate.

Works at $178,321 (70% under asking), or at 98% down.

Rent $3,241/mo from 8 leases of 2-bed condos & townhomes within 1 mi ($3,101–$3,861).

Beds

2

Baths

2

Sqft

1,172

Year Built

1987

Days on Market

—

Property Type

Condo

HOA/mo

$1,126

MLS ID

260026738SD

This property is in Rancho Bernardo (92128). View neighborhood stats →

About This Property

HIGHLY MOTIVATED SELLER! --Bring your offers! Discover resort-style living in the desirable gated community of Masters Hill in Bernardo Heights. This beautifully maintained and upgraded first-floor 2-bedroom, 2-bathroom condo offers easy, stair-free access just steps from the parking garage. Inside, enjoy new luxury vinyl plank flooring throughout, fresh interior paint, updated fireplace tile, and a brand-new washer, dryer, and microwave. Expansive living room windows frame picturesque golf course views, while a cozy gas fireplace adds warmth and charm. The updated kitchen features sleek countertops, stainless steel appliances, and custom cabinetry, opening to a separate dining area and private patio--perfect for morning coffee or relaxing outdoors. The spacious primary suite includes a walk-in closet and private en-suite bathroom, while the second bedroom offers flexibility for guests or a home office. Two dedicated garage parking spaces provide additional storage and convenience. Masters Hill residents enjoy three pools and spas, tennis courts, a clubhouse, and beautifully landscaped grounds. With a peaceful golf course setting and convenient access to shopping and dining, this move-in-ready home delivers comfort, convenience, and low-maintenance living in one of Bernardo Heights' most sought-after communities. Don't miss this opportunity!

Mortgage Calculator

Est. Monthly Payment

$5,227

Principal & Interest$3,328
Property Tax$599
Insurance$175
HOA$1,126
%($119,800)
%
Loan Term

Location

Loading map...

Investment Score

23C
Est. Monthly Rent
$3,241

8 leases of 2-bed condos & townhomes within 1 mi · $3,101–$3,861

Blended 50/50 with the zip's market median ($3,251)

Monthly Cashflow

Rent − PITIA

-$1,987
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,231

What would make this work?

$3,231/mo short at 20% down; 98% down or +$4,196/mo rent closes it.

Break-even price

70% under asking

$178,321
Break-even rent

$4,196/mo above the estimate

$7,437/mo
Cashflow at 35% down
−$2,607/mo
Down payment to break even

$587,020 cash

98%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,328
Cap Rate
0.52%
Cash-on-Cash
-32.37%
DSCR

Need ≥ 1.25 for DSCR loan

0.62

NOI (Annual)
$3,101
Price-to-Rent

Lower = better for investors

15.4

* 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.

Open Full Calculator
CCashflow−$3,231/mo