12228 Rancho Bernardo Road

12228 Rancho Bernardo Road #B

D

Rancho Bernardo, CA 92128

$449,000
NEW — 6d on market

Soft Appraisal Value: $436,500 · 2.9% above estimate

Beds

1

Baths

1

Sqft

744

Year Built

1966

Days on Market

6

Property Type

Condo

HOA/mo

$475

MLS ID

PTP2602212

Description

Discover this beautifully updated 744 sq ft, 1 bedroom, 1 bath condo in Rancho Bernardo at 12228 Rancho Bernardo Rd Unit B. This single-story ground-floor home with no one above offers exceptional privacy, comfort, and easy living. Complete with an assigned covered parking space, additional storage, oversized private patio, and FHA / VA approved! This turnkey North County San Diego condo is ideally located just steps from the renowned Rancho Bernardo Swim and Tennis Club and within the highly regarded Poway Unified School District. Inside, neutral finishes and abundant natural light create a bright and welcoming atmosphere. The refreshed kitchen features quartz countertops, stainless steel appliances, and generous cabinet space, while the fully updated bathroom adds stylish modern appeal. An open living and dining area with built-in shelving flows seamlessly to the oversized private patio, creating the perfect setting for indoor-outdoor entertaining and relaxed California living. The bedroom offers a peaceful retreat, and central heat and AC provide year-round comfort. laundry and mailboxes are conveniently located just steps away, while abundant open street parking makes hosting guests easy. HOA fees cover Wi-Fi, Spectrum TV with DVR and premium channels and apps, water, trash, roof maintenance, and limited insurance. For a modest annual fee, enjoy access to the Rancho Bernardo Swim and Tennis Club across the street, featuring pools, tennis and pickleball courts, a gym, basketball courts, playground, fitness classes, and more. Conveniently located near shopping, dining, the library, churches, and freeway access, this is an excellent opportunity for a primary residence, investment property, or lock-and-leave lifestyle in the heart of Rancho Bernardo.

Mortgage Calculator

Est. Monthly Payment

$3,325

Principal & Interest$2,270
Property Tax$449
Insurance$131
HOA$475
%($89,800)
%

Investment Score

3D
Est. Monthly Rent
$2,269
Monthly Cashflow

Rent − PITI − HOA

$-1,056
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,952

Mortgage (P+I)
$2,270
Cap Rate
0.85%
Cash-on-Cash
-26.09%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.68
Break-even Rent
$4,805

NOI (Annual)
$3,816
Price-to-Rent

Lower = better for investors

16.5

* 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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