12382 Santiago Rd
Btop 30%Rancho Bernardo, CA 92128Neighborhood: Rancho Bernardo
4 licensed short-term rentals within ½ mile (3 whole home), from the cities' license and permit lists of Nov 3, 2026.
No unit in this 60-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: -$2,409/mo full cashflow at 20% down, 7.49% rate.
Works at $247,662 (56% under asking), or at 82% down.
Rent $3,052/mo from 33 leases of 2-bed condos & townhomes within 2 mi ($2,736–$3,035).
Beds
2
Baths
1
Sqft
962
Year Built
1964
Days on Market
0
Property Type
Condo
HOA/mo
$440
MLS ID
260026158SD
This property is in Rancho Bernardo (92128). View neighborhood stats →
About This Property
Welcome to 7 Oaks, a desirable 55+ community in Rancho Bernardo! This home offers 962 square feet of living space that feels much larger thanks to the enclosed sunroom. The remodeled kitchen has an open layout that flows nicely into the living area, while the wall between the original two bedrooms has been removed to create a spacious primary bedroom with plenty of closet space. The bathroom has also been tastefully remodeled. Two patios provide great spots to relax and enjoy the outdoors, and covered parking adds convenience. The community offers a pool, pickleball, walking trails, plenty of clubs and activities, and options for reciprocal access to other nearby HOA communities. With shopping, dining, and everyday conveniences close by, this is a great opportunity to enjoy all that Rancho Bernardo has to offer.
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Est. Monthly Payment
$4,293
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
$3,052
Comp Average
$3,060
17617 Pomerado Rd
2bd / 2ba · 980 sqft · Condo
$450K
Est. $3,675/mo
12140 Rancho Bernardo Dr
2bd / 2ba · 1,040 sqft · Condo
$485K
Est. $2,991/mo
17463 Plaza Abierto
2bd / 1ba · 945 sqft · Condo
$500K
Est. $2,906/mo
17091 Bernardo Center Dr
2bd / 2ba · 1,040 sqft · Condo
$525K
Est. $2,938/mo
13211 Wimberly Sq.
2bd / 2ba · 907 sqft · Condo
$567K
Est. $2,792/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
33 leases of 2-bed condos & townhomes within 2 mi · $2,736–$3,035
Blended 50/50 with the zip's market median ($3,240)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,409/mo short at 20% down; 82% down or +$3,129/mo rent closes it.
- Break-even price
- $247,662
- Break-even rent
- $6,181/mo
- Cashflow at 35% down
- −$1,822/mo
- Down payment to break even
- 82%
- Rate to break even
- Not reachable
56% under asking
$3,129/mo above the estimate
$459,200 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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