12610 Carmel Country Rd #43
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12610 Carmel Country Rd #43

Ctop 80%

Carmel Valley, CA 92130

$924,000
STR: check · no permits in this complex · TOT 11.75%

12 licensed short-term rentals within ½ mile (5 whole home), from the cities' license and permit lists of Nov 3, 2026.

No unit in this 44-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: -$4,766/mo full cashflow at 20% down, 7.49% rate.

Works at $306,036 (67% under asking), or at 94% down.

Rent $3,851/mo from 23 leases of 2-bed condos & townhomes within 0.5 mi ($3,469–$3,730).

Beds

2

Baths

2.5

Sqft

1,116

Year Built

1991

Days on Market

45

Property Type

Condo

HOA/mo

$605

MLS ID

NDP2608758

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

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About This Property

Welcome to this well-maintained and upgraded 2-bedroom, 2.5-bath condo in the highly sought after Elysian community. This well-lit two-story upper unit home offers a bright interior with a skylight and an open-concept layout. Newer luxury vinyl plank flooring downstairs and designer-style carpet upstairs. The living area opens to a serene patio perfect for relaxing, entertaining and barbecuing. As a bonus, this home has no units above or directly in front and overlooks the common area. The updated kitchen features stainless steel appliances, granite countertops, newer cabinets with pull-outs, ample counter space, and a large pantry. A convenient half bath is located on the main floor for guests. Upstairs, the primary suite has vaulted ceilings, dual closets, shower stall, and large windows with view of common area. The second bedroom includes a large, mirrored closet, en-suite bathroom, and French doors. Additional features include a two-car tandem garage, full-size laundry near the bedrooms, central heating and air conditioning, a cozy gas fireplace, and plenty of storage throughout. Enjoy resort-style amenities with two pools, a spa, and a fully equipped gym. Located in the heart of Carmel Valley, minutes from One Paseo, Del Mar Highlands, Sky Deck, Torrey Pines Beach, parks, and hiking trails. Award-winning schools close by, and easy freeway access. Along with amenities - water, trash, and sewer are also included in HOA fees and complex has just completed new roofs.

Mortgage Calculator

Est. Monthly Payment

$6,962

Principal & Interest$5,164
Property Tax$924
Insurance$269
HOA$605
%($184,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Carmel Creek Elementary · grades K-3 · Solana Beach Elementary

  • Middle

    Carmel Valley Middle · grades 7-8 · San Dieguito Union High

  • High

    Torrey Pines High · grades 9-12 · San Dieguito Union High

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

10C
Est. Monthly Rent
$3,851

23 leases of 2-bed condos & townhomes within 0.5 mi · $3,469–$3,730

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$3,111
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,766

What would make this work?

$4,766/mo short at 20% down; 94% down or +$6,190/mo rent closes it.

Break-even price

67% under asking

$306,036
Break-even rent

$6,190/mo above the estimate

$10,041/mo
Cashflow at 35% down
−$3,798/mo
Down payment to break even

$868,560 cash

94%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,164
Cap Rate
0.77%
Cash-on-Cash
-30.95%
DSCR

Need ≥ 1.25 for DSCR loan

0.55

NOI (Annual)
$7,078
Price-to-Rent

Lower = better for investors

20.0

* 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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CCashflow−$4,766/mo