12555 Oaks North Drive

12555 Oaks North Drive #203

D

Rancho Bernardo, CA 92128

$485,000

Soft Appraisal Value: $480,200 · 1.0% above estimate

Beds

2

Baths

2

Sqft

1,096

Year Built

1977

Days on Market

47

Property Type

Condo

HOA/mo

$515

MLS ID

NDP2601310

Description

Welcome to this beautifully renovated second-floor condo, tucked away on a quiet cul-de-sac in the highly desirable and active 55+ community of One Oaks North. This light-filled residence features an open and inviting floor plan with fresh paint, new flooring, updated baseboards, new windows, and modern lighting throughout. The completely updated kitchen flows seamlessly into the living area, which opens to a private balcony—perfect for enjoying your morning coffee or evening breeze and sunset. The spacious primary suite offers generous closet space and a refreshed en-suite bathroom, while the secondary bedroom is thoughtfully positioned on the opposite side of the home, complete with a walk-in closet and easy access to the updated hall bath. A full-size washer and dryer add everyday convenience. Parking is effortless with a one-car detached garage that includes additional storage, along with ample additional parking throughout the community. HOA dues cover water, sewer, trash, recycling, basic cable TV and internet, providing excellent value and peace of mind. Residents enjoy outstanding amenities including gated entry into the building, elevator access, and a community pool and spa. Just a minute away, the community center offers even more—an additional pool and spa, tennis and pickleball courts, fitness center, library, ceramics room, lawn bowling, and a variety of social clubs and activities that make this a truly vibrant place to call home. Ideally located near shopping, dining, parks, golf courses, and easy access to Interstate 15, this turnkey home offers the perfect blend of comfort, convenience, and active adult living.

Mortgage Calculator

Est. Monthly Payment

$3,594

Principal & Interest$2,452
Property Tax$485
Insurance$141
HOA$515
%($97,000)
%

Investment Score

10D
Est. Monthly Rent
$3,422
Monthly Cashflow

Rent − PITI − HOA

$-171
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,363

Mortgage (P+I)
$2,452
Cap Rate
2.70%
Cash-on-Cash
-16.86%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.95
Break-even Rent
$5,192

NOI (Annual)
$13,077
Price-to-Rent

Lower = better for investors

11.8

* 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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