12922 Carmel Creek Road

12922 Carmel Creek Road #34

D

Carmel Valley, CA 92130

$980,000

Soft Appraisal Value: $1,063,100 · 7.8% below estimate

Beds

2

Baths

2.5

Sqft

1,180

Year Built

1989

Days on Market

18

Property Type

Townhouse

HOA/mo

$512

MLS ID

ML82039281

View on MLS

Description

Recently refreshed Carmel Valley townhome with approximately $33,000 in home improvements. The interior features new paint throughout, refinished kitchen cabinetry, updated tile flooring in both bathrooms, and a fully updated guest bathroom. Additional upgrades include new vinyl flooring on the garage staircase, refinished stair and hallway railings, and enhanced lighting with new LED ceiling lights and dining pendant fixtures. The bright, open floor plan offers a cozy fireplace with updated quartz flooring in front, creating a warm focal point in the living area. Enjoy both a private front patio and a balcony, providing comfortable outdoor spaces for relaxing or entertaining. The home also features engineered wood flooring, quartz kitchen countertops, full-size washer and dryer, generous storage, and an attached two-car garage. The air conditioning system was replaced in 2022, offering improved comfort and efficiency. Ideally located near shopping, parks, and top-rated schools including Carmel Creek Elementary School, Carmel Valley Middle School, and Torrey Pines High School. Community amenities include a pool and spa. HOA dues include water, sewer, and trash, and there is No Mello-Roos.

Mortgage Calculator

Est. Monthly Payment

$6,733

Principal & Interest$4,955
Property Tax$980
Insurance$286
HOA$512
%($196,000)
%

Investment Score

1D
Est. Monthly Rent
$3,747
Monthly Cashflow

Rent − PITIA

$-2,986
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,665

Mortgage (P+I)
$4,955
Cap Rate
0.36%
Cash-on-Cash
-28.56%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.56
Break-even Rent
$9,805

NOI (Annual)
$3,486
Price-to-Rent

Lower = better for investors

21.8

* 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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