12366 Carmel Country Rd
Ctop 80%Carmel Valley, CA 92130
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.
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Est. Monthly Payment
$6,328
Location
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Comparable Properties
5 comps foundThis Property
$3,653
Comp Average
$3,829
3830 Elijah
2bd / 2ba · 1,102 sqft · Condo
$799K
Est. $3,663/mo
12630 Carmel Country Rd
2bd / 2.5ba · 1,116 sqft · Condo
$915K
Est. $4,075/mo
12610 Carmel Country Rd
2bd / 2.5ba · 1,116 sqft · Condo
$924K
Est. $3,851/mo
4124 Via Candidiz
2bd / 2.5ba · 1,146 sqft · Condo
$1.02M
Est. $3,992/mo
4175 Via Candidiz
2bd / 2ba · 1,133 sqft · Condo
$935K
Est. $3,562/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
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)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,224/mo short at 20% down; 92% down or +$5,485/mo rent closes it.
- Break-even price
- $302,471
- Break-even rent
- $9,138/mo
- Cashflow at 35% down
- −$3,333/mo
- Down payment to break even
- 92%
- Rate to break even
- Not reachable
64% under asking
$5,485/mo above the estimate
$782,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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.
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