367 Pine Needles Dr

367 Pine Needles Dr

C

Del Mar, CA 92014

$6,499,000

Soft Appraisal Value: $6,181,000 · 5.1% above estimate

Beds

3

Baths

2.5

Sqft

2,680

Year Built

1994

Days on Market

47

Property Type

Single Family

HOA/mo

N/A

MLS ID

260010522SD

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

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About This Property

Originally designed by famed architect Hanis Therkelsen, this striking mid-century modern home is nestled among the pines with spectacular ocean views! Exceptionally private and serene....your own sanctuary. Home features an organic flow/open floor plan designed for entertaining. The warm, inviting interior and dramatic floor to ceiling windows flood the space with natural light. High end custom interior finishes and approximate 1000 bottle temperature controlled wine cellar. Ideal for both relaxed coastal living and effortless entertaining.

Mortgage Calculator

Est. Monthly Payment

$41,257

Principal & Interest$32,862
Property Tax$6,499
Insurance$1,896
%($1,299,800)
%

Location

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Investment Score

0D
Est. Monthly Rent
$8,992
Monthly Cashflow

Rent − PITIA

$-32,265
Full Cashflow

Incl. vacancy, PM, maint, capex

$-39,749

Mortgage (P+I)
$32,862
Cap Rate
-1.27%
Cash-on-Cash
-36.70%
DSCR

Need ≥ 1.25 for DSCR loan

0.22
Break-even Rent
$60,615

NOI (Annual)
$-82,644
Price-to-Rent

Lower = better for investors

60.2

* 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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