18557 Caminito Pasadero #391
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18557 Caminito Pasadero #391

Atop 10%

Rancho Bernardo, CA 92128Neighborhood: Rancho Bernardo

$350,000
STR: check · no permits in this complex · TOT 11.75%

1 licensed short-term rental within ½ mile (0 whole home), from the cities' license and permit lists of Nov 11, 2026.

No unit in this 56-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: -$1,511/mo full cashflow at 20% down, 7.43% rate.

Works at $153,226 (56% under asking), or at 83% down.

Rent $2,403/mo from 8 leases of studio–2 bed condos & townhomes within 0.5 mi, same school area ($2,462–$2,575).

Beds

1

Baths

1

Sqft

716

Year Built

1993

Days on Market

137

Property Type

Condo

HOA/mo

$673.16

MLS ID

DW26139618

This property is in Rancho Bernardo (92128). View neighborhood stats →

About This Property

Welcome home to this sun-drenched 1-bedroom gem inside the gated Morada community of Rancho Bernardo — one of San Diego's most coveted neighborhoods, now offered at a price that rarely comes around. Soaring ceilings with crown molding, warm wood-look flooring, and an abundance of natural light set the tone the moment you step through the bold teal front door, while a tile-surround fireplace and direct veranda access make the living room feel like a true retreat. The kitchen turns heads with rich navy cabinetry, stainless steel appliances, and a peninsula breakfast bar, flowing seamlessly into a dining area with a tray ceiling and elegant pendant light. The spacious bedroom features its own sliding glass door to the private veranda, a generous walk-in closet with built-in shelving, and a beautifully appointed full bath — all move-in ready. Top it off with resort-style amenities including pools, tennis courts, and a fitness center, in-unit laundry, and the prestigious Poway Unified School District — and this home is an absolute steal for the location.

Mortgage Calculator

Est. Monthly Payment

$3,070

Principal & Interest$1,944
Property Tax$350
Insurance$102
HOA$673
%($70,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Chaparral Elementary · grades K-5 · Poway Unified

  • Middle

    Bernardo Heights Middle · grades 6-8 · Poway Unified

  • High

    Rancho Bernardo 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

54A
Est. Monthly Rent
$2,403

8 leases of studio–2 bed condos & townhomes within 0.5 mi, same school area · $2,462–$2,575

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$667
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,511

What would make this work?

$1,511/mo short at 20% down; 83% down or +$1,962/mo rent closes it.

Break-even price

56% under asking

$153,226
Break-even rent

$1,962/mo above the estimate

$4,365/mo
Cashflow at 35% down
−$1,146/mo
Down payment to break even

$290,500 cash

83%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$1,944
Cap Rate
1.90%
Cash-on-Cash
-25.90%
DSCR

Need ≥ 1.25 for DSCR loan

0.78

NOI (Annual)
$6,644
Price-to-Rent

Lower = better for investors

12.1

* 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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ACashflow−$1,511/mo