1986 Zapo Street
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1986 Zapo Street

Dbottom 20%

Del Mar, CA 92014

$4,150,000

Pass at asking: -$23,584/mo full cashflow at 20% down, 7.36% rate.

Works at $1,064,028 (74% under asking); even all cash loses money at asking.

Rent $10,560/mo from 9 leases of 2–4 bed houses within 0.5 mi, same school area ($11,780–$17,504).

Beds

3

Baths

3

Sqft

1,879

Year Built

1973

Days on Market

46

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2609010

This property is in Del Mar (92014). View neighborhood stats →

Virtual Tour

About This Property

*Spectacular whitewater, ocean and sunset views, sited at the top of the hill, in Olde Del Mar's most coveted neighborhood.* House next door just closed for $7M+* LOWEST PRICE SINGLE FAMILY AVAILABLE IN OLDE DEL MAR NEIGHBORHOOD* This home boasts a privileged, vantage point, west facing, that captures the expansive views, sounds of waves and cool, ocean breezes.* The contemporary design features a multi level floorplan with soaring wood beam ceilings.* Recent updates include a new kitchen, new primary bathroom and new central air.* Existing plan has 3 bedrooms 3 bathrooms plus office, plans avail to add elevator** Enjoy sweeping ocean views from the great room, kitchen, primary bedroom, office and decks.* Potential to add ADU with ocean views and additional sq ft. * A serene coastal lifestyle, that places you close to Del Mar beaches and the village.* Don't miss this rare opportunity to own a property in this neighborhood where homes sell for $13+M*

Mortgage Calculator

Est. Monthly Payment

$28,257

Principal & Interest$22,896
Property Tax$4,150
Insurance$1,210
%($830,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Del Mar Heights Elementary · grades K-6 · Del Mar Union 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.

Short-term not available here. Del Mar allows new short-term rentals only in the owner's primary residence, and its cap is full. See the rules

Investment Score

0D
Est. Monthly Rent
$10,560

9 leases of 2–4 bed houses within 0.5 mi, same school area · $11,780–$17,504

Blended 50/50 with the zip's market median ($6,963)

Monthly Cashflow

Rent − PITIA

-$17,696
Full Cashflow

Incl. vacancy, PM, maint, capex

-$23,584

What would make this work?

$23,584/mo short at 20% down; +$30,628/mo rent closes it.

Break-even price

74% under asking

$1,064,028
Break-even rent

$30,628/mo above the estimate

$41,188/mo
Cashflow at 35% down
−$19,291/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)
$22,896
Cap Rate
-0.05%
Cash-on-Cash
-34.10%
DSCR

Need ≥ 1.25 for DSCR loan

0.37

NOI (Annual)
-$1,910
Price-to-Rent

Lower = better for investors

32.7

* 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.

Open Full Calculator
DCashflow−$23,584/mo