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12630 Carmel Country Rd #112
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12630 Carmel Country Rd #112

Ctop 80%

Carmel Valley, CA 92130

$915,000
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 10, 2026.

No unit in this 36-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: -$4,484/mo full cashflow at 20% down, 7.43% rate.

Works at $331,115 (64% under asking), or at 91% down.

Rent $4,089/mo from 25 leases of 2-bed condos & townhomes within 0.5 mi ($3,455–$3,723). Previously leased for $3,900.

Beds

2

Baths

2.5

Sqft

1,116

Year Built

1991

Days on Market

45

Property Type

Condo

HOA/mo

$605

MLS ID

260023425SD

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

About This Property

Welcome to Elysian. Walk to all the new amenities CV has to offer: Del Mar Heights Center, The SkyDeck and One Paseo. Enjoy at home time in your bright modern kitchen/family room and spacious bedrooms. Newer oven, stove, refrigerator, microwave. Vaulted ceilings, fireplace, skylight, large private balcony and beautiful laminate floors. The complex offers two pools, two spas a workout room and a upstairs deck for sunning or entertaining. The two car tandem garage is unattached but convenient steps lead to the unit

Mortgage Calculator

Est. Monthly Payment

$6,870

Principal & Interest$5,083
Property Tax$915
Insurance$267
HOA$605
%($183,000)
%
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.

Comparable Properties

5 comps found

This Property

$4,089

vs

Comp Average

$3,769

3830 Elijah

3830 Elijah

2bd / 2ba · 1,102 sqft · Condo

$799K

Est. $3,663/mo

12610 Carmel Country Rd

12610 Carmel Country Rd

2bd / 2.5ba · 1,116 sqft · Condo

$924K

Est. $3,850/mo

4124 Via Candidiz

4124 Via Candidiz

2bd / 2.5ba · 1,146 sqft · Condo

$1.01M

Est. $3,992/mo

12604 Carmel Country Rd

12604 Carmel Country Rd

2bd / 2.5ba · 1,050 sqft · Condo

$920K

Est. $3,694/mo

3715 Caminito Carmel Landing

3715 Caminito Carmel Landing

2bd / 2.5ba · 1,100 sqft · Condo

$949K

Est. $3,647/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

16C
Est. Monthly Rent
$4,089

Previously leased for $3,900

25 leases of 2-bed condos & townhomes within 0.5 mi · $3,455–$3,723

Monthly Cashflow

Rent − PITIA

-$2,781
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,484

What would make this work?

$4,484/mo short at 20% down; 91% down or +$5,824/mo rent closes it.

Break-even price

64% under asking

$331,115
Break-even rent

$5,824/mo above the estimate

$9,913/mo
Cashflow at 35% down
−$3,531/mo
Down payment to break even

$832,650 cash

91%
Rate to break even

Negative even at a 0% loan

Not reachable
Mortgage (P+I)
$5,083
Cap Rate
1.05%
Cash-on-Cash
-29.40%
DSCR

Need ≥ 1.25 for DSCR loan

0.60
NOI (Annual)
$9,642
Price-to-Rent

Lower = better for investors

18.6

* Modelled at 20% down, 7.43% 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−$4,484/mo