16238 Via Del Alba
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16238 Via Del Alba

Dbottom 20%

Rancho Santa Fe, CA 92067

$3,995,000
STR: check · HOA rules unknown · TOT 8%

HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.

Pass at asking: -$24,088/mo full cashflow at 20% down, 7.43% rate.

Works at $858,763 (79% under asking); even all cash loses money at asking.

Rent $9,247/mo from 11 leases of 2–4 bed houses within 1 mi, same school area ($8,926–$13,289).

Beds

3

Baths

3

Sqft

2,850

Year Built

1975

Days on Market

58

Property Type

Single Family

HOA/mo

$525

MLS ID

NDP2608568

This property is in Rancho Santa Fe (92067). Browse neighborhood analytics →

Virtual Tour

About This Property

Classic & timeless Herb Turner masterpiece lookout home (Google 'Herb Turner architect'). Incredibly private & quiet location within the Covenant with STUNNING VIEWS & massive (2bed/2bath) detached guesthouse with phenomenal rental income potential. Sun-kissed southwest orientation, expansive view deck off main floor, specimen palms, avocado trees, & citrus. Home, built in 1975, has 3 beds, 2 baths and a toilet and shower in garage and is in original/vintage condition and impeccably maintained. Guest House was built in 1991 and has excellent separation from main house. 2015 Engineering report, 2015 Property Inspection Report, 2015 Roofing Inspection, 2026 Septic inspection & certification, and 2026 Prelim Title Report available for you under the "Documents Tab". Please provide to your clients before showing. Propose clients reviewing reports before scheduling a showing. Come armed knowing as much about the home as everyone else in the room. 2,850sf represents Tax Assessor square feet and true square feet of main home and guest house unknown. Buyer encouraged to verify all information and complete their own due diligence before removing contingencies. Buyer to pay $.15 per every $100 of assessed value. $525 HOA fee represents the approximate Association fee that would be paid monthly at this existing list price although RSF Association fees are paid not monthly but bi-annually (similar to property taxes). Herb Turner eventually began studying architecture with esteemed architect John Lloyd Wright, son of legend Frank Lloyd Wright, as his apprentice. That led to a long career as an architect who championed the green building process long before it became trendy. Turner called this “Terramonics,” a holistic approach to architecture and landscape that emphasizes the interaction between interior and exterior spaces. “He always looked at the landscape first and then designed in a way that was sensitive to the environment,” said Danielle Susalla, director of exhibitions and communications at the Oceanside Museum of Art, where Turner’s work was featured. “He was sensitive to the terrain, directional light and even the water runoff. He would always recommend to clients that they buy the property with the best view and he would make the building fit the space.”

Mortgage Calculator

Est. Monthly Payment

$27,879

Principal & Interest$22,194
Property Tax$3,995
Insurance$1,165
HOA$525
%($799,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    R. Roger Rowe Elementary · grades PK-5 · Rancho Santa Fe Elementary

  • Middle

    R. Roger Rowe Middle · grades 6-8 · Rancho Santa Fe Elementary

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

0D
Est. Monthly Rent
$9,247

11 leases of 2–4 bed houses within 1 mi, same school area · $8,926–$13,289

Monthly Cashflow

Rent − PITIA

-$18,632
Full Cashflow

Incl. vacancy, PM, maint, capex

-$24,088

What would make this work?

$24,088/mo short at 20% down; +$31,283/mo rent closes it.

Break-even price

79% under asking

$858,763
Break-even rent

$31,283/mo above the estimate

$40,530/mo
Cashflow at 35% down
−$19,927/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$22,194
Cap Rate
-0.43%
Cash-on-Cash
-36.18%
DSCR

Need ≥ 1.25 for DSCR loan

0.33

NOI (Annual)
-$17,180
Price-to-Rent

Lower = better for investors

36.0

* 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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DCashflow−$24,088/mo