12932 Ilene St
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12932 Ilene St

Btop 30%

Poway, CA 92064

$899,000
NEW — 0d

Pass at asking: -$3,450/mo full cashflow at 20% down, 7.43% rate.

Works at $449,767 (50% under asking), or at 76% down.

Rent $4,486/mo from 14 leases of 4-bed houses within 2 mi ($3,531–$3,950).

Beds

4

Baths

2

Sqft

1,288

Year Built

1961

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026363SD

This property is in Poway (92064). View neighborhood stats →

About This Property

This is it! Do not miss this charming 4-bedroom, 2 full bath home in the highly desirable Poway community. Light and Bright single story home with a functional floor plan. Turn- key home with nicely painted interior, upgraded floors, remodeled kitchen and bathrooms. Situated on an approximately 7,961 square-foot lot in an established Poway neighborhood, this home offers a wonderful combination of indoor comfort and outdoor enjoyment. One of the home's standout features is its HUGE beautifully landscaped backyard, offering a wonderful setting for outdoor entertaining, weekend barbeques, or simply relaxing and enjoying Southern California's year-round sunshine. Entertain friends and family in your inviting covered patio with ceiling fans and string lighting, creating a comfortable extension of your living space. Enjoy your backyard! you will greatly appreciate the low- maintenance artificial turf, decorative stonework, stepping stones and mature landscaping which add to the backyard's charm and appeal. Located within the highly regarded Poway Unified School District with very convenient access to local parks, shopping, dining and recreation, this is a home in a dream location! Refrigerator, Washer and Dryer conveys.

Mortgage Calculator

Est. Monthly Payment

$6,156

Principal & Interest$4,994
Property Tax$899
Insurance$262
%($179,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Valley Elementary · grades K-5 · Poway Unified

  • Middle

    Meadowbrook Middle · grades 6-8 · Poway Unified

  • High

    Poway High · grades 9-12 · Poway Unified

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

40B
Est. Monthly Rent
$4,486

14 leases of 4-bed houses within 2 mi · $3,531–$3,950

Blended 50/50 with the zip's market median ($5,180)

Monthly Cashflow

Rent − PITIA

-$1,669
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,450

What would make this work?

$3,450/mo short at 20% down; 76% down or +$4,481/mo rent closes it.

Break-even price

50% under asking

$449,767
Break-even rent

$4,481/mo above the estimate

$8,967/mo
Cashflow at 35% down
−$2,514/mo
Down payment to break even

$683,240 cash

76%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,994
Cap Rate
2.36%
Cash-on-Cash
-23.03%
DSCR

Need ≥ 1.25 for DSCR loan

0.73

NOI (Annual)
$21,220
Price-to-Rent

Lower = better for investors

16.7

* 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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BCashflow−$3,450/mo