16320 Ellie Lane
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16320 Ellie Lane

C

Poway, CA 92064

$1,125,000

Beds

3

Baths

2

Sqft

1,100

Year Built

2005

Days on Market

50

Property Type

Single Family

HOA/mo

N/A

MLS ID

260007730SD

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

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About This Property

Diamond in the rough w/incredible upside & view potential. Motivated Seller! Situated by Ellie Lane Trailhead on approx 2.8 acres, this unique property offers rare opportunity to build your dream home on upper panoramic view lot, which already has water, septic, and electricity to the Lot; while completing the existing residence into 3bed, 2bath ADU ~1,100 sqft Ideal setup to live in the ADU during construction, then convert to rental income, guest house, or multigenerational living. Features paid solar (40 panels), recently serviced deep well, large holding tank, central A/C, duel septic tank, & horse property, Zoning RR-A Rural Residential A. Peaceful setting w/expansive views, hiking trails, & endless potential. A true value-add opportunity in a desirable Poway location.

Mortgage Calculator

Est. Monthly Payment

$7,142

Principal & Interest$5,689
Property Tax$1,125
Insurance$328
%($225,000)
%

Location

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Investment Score

7D
Est. Monthly Rent
$3,938
Monthly Cashflow

Rent − PITIA

$-3,204
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,047

Mortgage (P+I)
$5,689
Cap Rate
0.68%
Cash-on-Cash
-26.92%
DSCR

Need ≥ 1.25 for DSCR loan

0.55
Break-even Rent
$10,492

NOI (Annual)
$7,701
Price-to-Rent

Lower = better for investors

23.8

* 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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