12510 Carmel Creek Rd
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12510 Carmel Creek Rd #185

D

Carmel Valley, CA 92130

$599,000
NEW — 3d

Beds

1

Baths

1

Sqft

638

Year Built

1990

Days on Market

3

Property Type

Condo

HOA/mo

$330

MLS ID

260013492SD

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

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About This Property

Fantastic Del Mar Villas 1Bd/1Ba Unit. This unit has been renovated with no expenses spared. Newer vinyl laminate flooring, porcelain tile floor in the kitchen and bath, upgraded full tile shower with glass doors/alcove, fixtures in bath and kitchen sinks, and ceiling fan/light fixture in the living room. 18K BTU ductless air conditioner unit was installed recently with mini-split blowers in both the living room and bedroom. New windows. Also included in the sale is a new LG high-capacity, stacked in-unit washer/dryer. Ground floor location faces a serene, quiet open area with little foot traffic. The building is located at the end of a cul-de-sac. Assigned carport parking space with large, secure storage overhead. LOW H.O.A. fee gets you wonderful amenities – a resort style swimming pool, spa/hot tub, tennis courts, club house access, BBQ, and gym, with lush tropical grounds throughout! Close to UCSD and high-tech employers! Prime location near many parks, beaches, shopping and recreation center...close to all! A MUST SEE! HOA pays for water & trash. Lots of guest parking in an amazing community and neighborhood. Welcome to paradise — this is a must-see!

Mortgage Calculator

Est. Monthly Payment

$4,133

Principal & Interest$3,029
Property Tax$599
Insurance$175
HOA$330
%($119,800)
%

Location

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Investment Score

26D
Est. Monthly Rent
$2,368
Monthly Cashflow

Rent − PITIA

$-1,765
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,809

Mortgage (P+I)
$3,029
Cap Rate
0.44%
Cash-on-Cash
-28.13%
DSCR

Need ≥ 1.25 for DSCR loan

0.57
Break-even Rent
$6,016

NOI (Annual)
$2,642
Price-to-Rent

Lower = better for investors

21.1

* 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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