3631 Caminito Carmel Landing
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3631 Caminito Carmel Landing

C

Carmel Valley, CA 92130

$980,000
NEW — 0d

Beds

2

Baths

2

Sqft

1,066

Year Built

1985

Days on Market

0

Property Type

Condo

HOA/mo

$590

MLS ID

260014303SD

This property is in Carmel Valley (92130). View neighborhood stats →

About This Property

In the coveted Groves complex, rarely available unit located near Del Mar Highlands and One Paseo with easy access to CA-56 and I-5, this two-bedroom, two-bathroom, single story, corner unit home is move-in ready and is free of units above or below it! Property features include a welcoming curb appeal, plantation shutters, a gas fireplace, granite countertops, hardwood flooring, a private backyard patio encompassed with lush foliage, and a one-car garage. Complex features include tennis courts, a pool, hot tub, and rec room.

Mortgage Calculator

Est. Monthly Payment

$6,811

Principal & Interest$4,955
Property Tax$980
Insurance$286
HOA$590
%($196,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$3,129
Monthly Cashflow

Rent − PITIA

$-3,682
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,219

Mortgage (P+I)
$4,955
Cap Rate
-0.32%
Cash-on-Cash
-31.95%
DSCR

Need ≥ 1.25 for DSCR loan

0.46
Break-even Rent
$9,907

NOI (Annual)
$-3,160
Price-to-Rent

Lower = better for investors

26.1

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

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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