12122 Royal Birkdale Row #103
Ctop 80%Rancho Bernardo, CA 92128Neighborhood: Rancho Bernardo
1 licensed short-term rental within ½ mile (0 whole home), from the cities' license and permit lists of Nov 11, 2026.
No unit in this 42-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.
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, same school area ($3,101–$3,861).
Beds
2
Baths
2
Sqft
1,172
Year Built
1987
Days on Market
0
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!
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Est. Monthly Payment
$5,227
Location
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Zoned Schools
Elementary
Highland Ranch Elementary · grades K-5 · Poway Unified
Middle
Bernardo Heights Middle · grades 6-8 · Poway Unified
High
Rancho Bernardo High · grades 9-12 · Poway 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 foundThis Property
$3,241
Comp Average
$3,258
18764 Caminito Cantilena
2bd / 2ba · 1,140 sqft · Condo
$479K
Est. $3,244/mo
18812 Caminito Cantilena
2bd / 2ba · 1,140 sqft · Condo
$490K
Est. $3,252/mo
11906 Paseo Lucido
2bd / 2ba · 1,217 sqft · Condo
$599K
Est. $3,201/mo
11257 Provencal Place
2bd / 2ba · 1,150 sqft · Condo
$720K
Est. $3,254/mo
12680 Springbrook Drive
2bd / 2ba · 1,200 sqft · Condo
$699K
Est. $3,341/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 2-bed condos & townhomes within 1 mi, same school area · $3,101–$3,861
Blended 50/50 with the zip's market median ($3,251)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,231/mo short at 20% down; 98% down or +$4,196/mo rent closes it.
- Break-even price
- $178,321
- Break-even rent
- $7,437/mo
- Cashflow at 35% down
- −$2,607/mo
- Down payment to break even
- 98%
- Rate to break even
- Not reachable
70% under asking
$4,196/mo above the estimate
$587,020 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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.
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