12366 Carmel Country Rd

12366 Carmel Country Rd

Ctop 80%

Carmel Valley, CA 92130

$850,000
NEW — 0d

Pass at asking: -$4,224/mo full cashflow at 20% down, 7.49% rate.

Works at $302,471 (64% under asking), or at 92% down.

Rent $3,653/mo from 25 leases of 2-bed condos & townhomes within 0.5 mi ($3,500–$3,771).

Beds

2

Baths

2

Sqft

1,145

Year Built

2003

Days on Market

0

Property Type

Condo

HOA/mo

$480

MLS ID

260026218SD

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

About This Property

Welcome home to this beautifully upgraded two bedroom plus private den/office corner residence in the gated community of The Heights, thoughtfully designed for seeking comfort, convenience, and access to top tier schools. Located in one of San Diego's most desirable school districts, this home offers the rare advantage of having the elementary, middle, and high schools just steps away. Morning drop offs become easy and after school activities are effortlessly accessible. Inside, the home is filled with natural light throughout the day, creating a warm and uplifting atmosphere. As a corner unit, you will enjoy added privacy along with peaceful tree views from every window. The flexible third room offers the perfect space for a home office, study area, playroom, or guest room. The kitchen is both stylish and functional, featuring Brazilian granite countertops with elegant pendant lighting, stainless steel appliances including a newer refrigerator, and a Spanish stone backsplash that extends to the fireplace. Recessed LED dimmer lighting throughout, interior designer paint, and flooring with no carpet deliver a clean and modern feel that is easy to maintain. Central HVAC ensures year round comfort. The Heights offers resort style amenities where you will enjoy a pool, spa, clubhouse, and fitness center. The HOA covers water and trash. Parking is convenient with a private garage plus an additional assigned space nearby. Enjoy close proximity to shopping, groceries, and restaurants in One Paseo and Del Mar Highlands and Carmel Valley Recreation Center and library nearby. Just minutes to I-805, I-5, and 56 freeway and the beautiful beaches of Del Mar/Torrey Pines. A rare opportunity to own a bright and private corner residence in Carmel Valley, where top rated schools, inviting surroundings, and everyday convenience come together to create the ideal lifestyle.

Mortgage Calculator

Est. Monthly Payment

$6,328

Principal & Interest$4,750
Property Tax$850
Insurance$248
HOA$480
%($170,000)
%
Loan Term

Location

Loading map...

Investment Score

18C
Est. Monthly Rent
$3,653

25 leases of 2-bed condos & townhomes within 0.5 mi · $3,500–$3,771

Blended 50/50 with the zip's market median ($3,607)

Monthly Cashflow

Rent − PITIA

-$2,675
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,224

What would make this work?

$4,224/mo short at 20% down; 92% down or +$5,485/mo rent closes it.

Break-even price

64% under asking

$302,471
Break-even rent

$5,485/mo above the estimate

$9,138/mo
Cashflow at 35% down
−$3,333/mo
Down payment to break even

$782,000 cash

92%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,750
Cap Rate
1.00%
Cash-on-Cash
-29.81%
DSCR

Need ≥ 1.25 for DSCR loan

0.58

NOI (Annual)
$8,510
Price-to-Rent

Lower = better for investors

19.4

* Modelled at 20% down, 7.49% 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−$4,224/mo