
1986 Zapo Street
Dbottom 20%Del Mar, CA 92014
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 →
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*
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Est. Monthly Payment
$28,257
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.
Comparable Properties
3 comps foundThis Property
$10,560
Comp Average
$11,632
1604 San Dieguito Dr
4bd / 4ba · 2,185 sqft · Single Family
$3.85M
Est. $12,543/mo

1117 Solana Dr.
4bd / 3ba · 2,171 sqft · Single Family
$2.88M
Est. $9,218/mo
2609 Camino
3bd / 2ba · 1,545 sqft · Single Family
$5.30M
Est. $13,134/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
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
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)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$23,584/mo short at 20% down; +$30,628/mo rent closes it.
- Break-even price
- $1,064,028
- Break-even rent
- $41,188/mo
- Cashflow at 35% down
- −$19,291/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
74% under asking
$30,628/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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