2609 Camino Del Mar

2609 Camino Del Mar

D

Del Mar, CA 92014

$6,410,000

Beds

3

Baths

2

Sqft

1,545

Year Built

1990

Days on Market

18

Property Type

Single Family

HOA/mo

N/A

MLS ID

IG26015701

View on MLS

Description

Remodeled coastal home just steps from the beach and near the Del Mar Race Track. Corner lot with privacy, multiple outdoor entertaining areas, and seamless indoor-outdoor living via two accordion doors. Features spa, built-in grill, high-end appliances, and filtered water throughout. Ideal for entertaining family and/or friends.In addition to the main home, enjoy a detached 818 sq ft guest house offering 2 bedrooms and 2 bathrooms. High ceilings invite beautiful natural light throughout, creating a bright and airy feel. Equipped with a kitchenette, stackable washer and dryer, mini split HVAC, and its own address. This charming and stylish space is as functional as it is delightful.

Mortgage Calculator

Est. Monthly Payment

$40,692

Principal & Interest$32,412
Property Tax$6,410
Insurance$1,870
%($1,282,000)
%

Investment Score

0D
Est. Monthly Rent

Market Rent Estimate

$5,807
Monthly Cashflow

Rent − PITI − HOA

$-34,885
Full Cashflow

Incl. vacancy, PM, maint, capex

$-41,563

Mortgage (P+I)
$32,412
Cap Rate
-1.71%
Cash-on-Cash
-32.65%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.18
Break-even Rent
$40,692

NOI (Annual)
$-109,803
Price-to-Rent

Lower = better for investors

92.0

* Defaults: 20% down, 6.5% rate, 30yr.

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