12229 Carmel Vista Road
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12229 Carmel Vista Road #152

D

Carmel Valley, CA 92130

$899,500
NEW — 2d

Beds

2

Baths

2

Sqft

1,101

Year Built

1984

Days on Market

2

Property Type

Condo

HOA/mo

$599

MLS ID

NDP2604038

This property is in Carmel Valley (92130). View neighborhood stats →

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About This Property

Welcome to this beautifully updated first-floor corner unit in The Lakes community. This light-filled 2-bedroom, 2-bathroom condo offers comfort, style and super high walk score. The living room features crown molding, recessed lighting and a neutral color palette flowing into the dining area and kitchen. Wide vinyl plank flooring throughout the home. Thoughtfully designed kitchen with butcher block countertops, tile backsplash and white appliances that complement the cabinetry. The primary suite includes mirrored closet doors, crown molding and an en-suite bathroom with an vanity area featuring dual sinks. A separate shower and toilet area, along with a large soaking tub. Generously sized secondary bedroom is filled with natural light and ideal for guest room or office. Resort-style amenities include a pool, spa, tennis courts and well maintained grounds with ponds and waterfalls. Award winning schools. Conveniently located near shopping, dining, movie theatre, and parks. Close proximity to Torrey Pines State Beach, hiking trails, golf courses and easy access to Interstate 5 and Highway 56.

Mortgage Calculator

Est. Monthly Payment

$6,309

Principal & Interest$4,548
Property Tax$900
Insurance$262
HOA$599
%($179,900)
%

Location

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Investment Score

12D
Est. Monthly Rent
$3,654
Monthly Cashflow

Rent − PITIA

$-2,655
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,245

Mortgage (P+I)
$4,548
Cap Rate
0.40%
Cash-on-Cash
-28.31%
DSCR

Need ≥ 1.25 for DSCR loan

0.58
Break-even Rent
$9,167

NOI (Annual)
$3,642
Price-to-Rent

Lower = better for investors

20.5

* 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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