18764 Caminito Cantilena #156
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18764 Caminito Cantilena #156

Btop 30%

Rancho Bernardo, CA 92128Neighborhood: Rancho Bernardo

$399,000
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 14, 2026.

No unit in this 54-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: -$1,947/mo full cashflow at 20% down, 7.36% rate.

Works at $144,227 (64% under asking), or at 91% down.

Rent $2,395/mo from 18 leases of studio–2 bed condos & townhomes within 2 mi, same school area ($2,471–$2,668).

Beds

1

Baths

1

Sqft

716

Year Built

1993

Days on Market

45

Property Type

Condo

HOA/mo

$742

MLS ID

PTP2607329

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

About This Property

Welcome to 18764 Caminito Cantilena #156, a beautifully updated 1-bedroom, 1-bathroom, single-level condominium offering 716 sq. ft. in the gated Morada community at Bernardo Vista Del Lago in Rancho Bernardo. Built in 1993, this home features an open living and dining area with a wood-burning fireplace, a fully remodeled kitchen, a spacious bedroom, and a covered patio overlooking the landscaped courtyard. Recent upgrades include new Kingsman luxury vinyl plank flooring, new plush bedroom carpeting, freshly painted kitchen and dining areas, and a remodeled kitchen featuring modern cabinetry, updated countertops, tile backsplash, Samsung electric range, over-the-range microwave, and Frigidaire dishwasher. Additional features include recessed lighting, central A/C and heating, in-unit electric washer and dryer, and assigned parking space C147. The refrigerator is excluded from the sale. Bernardo Vista Del Lago is a 338-unit community offering resort-style amenities, including recreational and lap pools, hot tubs, four tennis courts, pickleball, two basketball courts, a fitness center with showers, clubhouse, BBQ areas, playground, community pond, and landscaped walking areas. Morada residents also enjoy an additional swimming pool and gathering space. Monthly HOA dues of approximately $742 include water, sewer, trash, landscaping, roof maintenance, and certain exterior and common-area maintenance. Located within the Poway Unified School District, nearby public schools include Chaparral Elementary (2.2 miles), Bernardo Heights Middle (3.7 miles), and Rancho Bernardo High School (3.9 miles). Private education options include Country Montessori School in Poway (approximately 4 miles). Shopping and dining are minutes away at The Mercado Rancho Bernardo (1.8 miles), featuring Barons Market and local restaurants; Rancho Bernardo Town Center (2 miles); and The Plaza Rancho Bernardo (2.2 miles), featuring Vons and additional services. North County Mall in Escondido is approximately 2.1 miles away (6 minutes by car), offering major retail shopping and dining. Costco Wholesale is also located in nearby Carmel Mountain Ranch. Banking options include Bank of America, Chase, and Wells Fargo along Bernardo Center Drive. Outdoor recreation includes Rancho Bernardo Community Park (0.3 mile), San Dieguito River Park (1.4 miles), and Lake Hodges (2 miles), offering walking, hiking, biking, and scenic trails. Kit Carson Park is approximately 3.1 miles away (7 minutes by car). Convenient access to I-15 connects residents to Escondido, Poway, and greater San Diego. Palomar Medical Center Escondido is approximately 7 miles away. Cash, conventional, and VA financing welcome. FHA LOAN ASSUMPTION OPPORTUNITY! Qualified buyers may be eligible to assume the existing FHA loan at its current interest rate, subject to loan servicer approval, credit and income qualification, and applicable loan requirements. Contact the listing agent for additional details.

Mortgage Calculator

Est. Monthly Payment

$3,459

Principal & Interest$2,201
Property Tax$399
Insurance$116
HOA$742
%($79,800)
%
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

42B
Est. Monthly Rent
$2,395

18 leases of studio–2 bed condos & townhomes within 2 mi, same school area · $2,471–$2,668

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,063
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,947

What would make this work?

$1,947/mo short at 20% down; 91% down or +$2,528/mo rent closes it.

Break-even price

64% under asking

$144,227
Break-even rent

$2,528/mo above the estimate

$4,923/mo
Cashflow at 35% down
−$1,534/mo
Down payment to break even

$363,090 cash

91%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,201
Cap Rate
1.13%
Cash-on-Cash
-29.27%
DSCR

Need ≥ 1.25 for DSCR loan

0.69

NOI (Annual)
$4,493
Price-to-Rent

Lower = better for investors

13.9

* Modelled at 20% down, 7.36% 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−$1,947/mo