190 Del Mar Shores

190 Del Mar Shores

Ctop 80%

Solana Beach, CA 92075

$1,098,000
NEW — 0d
STR: check · HOA rules unknown · TOT 13%

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: -$5,369/mo full cashflow at 20% down, 7.36% rate.

Works at $395,407 (64% under asking), or at 91% down.

Rent $4,898/mo from 1 lease in this building (±1 bed).

Beds

1

Baths

1

Sqft

838

Year Built

1977

Days on Market

0

Property Type

Condo

HOA/mo

$750

MLS ID

260026984SD

This property is in Solana Beach (92075). View neighborhood stats →

About This Property

Experience coastal living at its finest with breathtaking panoramic ocean views and spectacular sunsets from this beautiful top-floor, one-bedroom condo. Nestled on a bluff overlooking the ocean, this unique location offers the best in beach living. Luxurious features include elegant travertine stone flooring, floor to ceiling windows, spacious tiled shower, private laundry and a cohesive look throughout. The private bedroom has its own patio access and floor to ceiling windows with custom shutters creating the feel of a secluded, private retreat. The large open-plan living area enjoys panoramic ocean views, a cozy fireplace, floor to ceiling windows with a slider leading to a serene balcony where you can sip your favorite beverage as the sun sets over the ocean. Open the doors wide to let the cool ocean breezes flow through all year long. The kitchen features crisp, white cabinetry and a large eat-at breakfast bar. Two covered parking spaces in the secure garage add everyday convenience, while the gated oceanfront community of Del Mar Shores Terrace offers a sparkling cliff's edge heated saltwater pool, relaxing spa, sauna and clubhouse, all overlooking the majestic Pacific Ocean. Solana Beach is known for its trendy boutiques, approachable art galleries, furniture shops, surfing outfitters and other unique shops. Ideally situated near the Del Mar Racetrack, Amtrak train station, Cedros Design District, Fletcher Cove with Del Mar Dog Beach just around the corner. Easy access to the I-5 freeway or coastal route for commuting. Come experience the beauty of life by the sea!

Mortgage Calculator

Est. Monthly Payment

$8,226

Principal & Interest$6,058
Property Tax$1,098
Insurance$320
HOA$750
%($219,600)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Solana Vista Elementary · grades K-3 · Solana Beach Elementary

  • Middle

    Earl Warren Middle · grades 7-8 · San Dieguito Union High

  • High

    Torrey Pines High · grades 9-12 · San Dieguito Union High

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

10C
Est. Monthly Rent
$4,898

1 lease in this building (±1 bed)

Thin data: only 1 lease behind this number.

Monthly Cashflow

Rent − PITIA

-$3,328
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,369

What would make this work?

$5,369/mo short at 20% down; 91% down or +$6,973/mo rent closes it.

Break-even price

64% under asking

$395,407
Break-even rent

$6,973/mo above the estimate

$11,871/mo
Cashflow at 35% down
−$4,234/mo
Down payment to break even

$999,180 cash

91%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,058
Cap Rate
1.02%
Cash-on-Cash
-29.34%
DSCR

Need ≥ 1.25 for DSCR loan

0.60

NOI (Annual)
$11,200
Price-to-Rent

Lower = better for investors

18.7

* 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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CCashflow−$5,369/mo