4246 Cordobes Cv

4246 Cordobes Cv

Dbottom 20%

Carmel Valley, CA 92130

$2,295,000
NEW — 0d

Pass at asking: -$13,252/mo full cashflow at 20% down, 7.43% rate.

Works at $569,564 (75% under asking); even all cash loses money at asking.

Rent $5,681/mo from 9 leases of 2–4 bed houses within 0.5 mi ($5,213–$6,274).

Beds

3

Baths

2.5

Sqft

2,056

Year Built

1987

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026586SD

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

About This Property

Dramatic vaulted ceilings, abundant natural light, and inviting indoor-outdoor living distinguish this Carmel Valley residence, situated in a sought-after neighborhood without HOA fees. Expansive windows enhance the airy ambiance of the open living and dining rooms, while wide-plank flooring extends throughout the home. The family room features a fireplace and French doors opening to the backyard patio, and the adjoining kitchen is appointed with rich wood cabinetry, white countertops, stainless steel appliances, and a breakfast area overlooking the grounds. All three bedrooms are located upstairs, including a spacious primary suite with a walk-in closet and bath featuring dual vanities, a soaking tub, and separate shower. Beautifully landscaped, the terraced backyard provides distinct areas for relaxation and entertaining, with a generous patio, decorative water feature, and deck with a built-in bench. An elevated putting green and fire pit area with curved seating create additional opportunities to enjoy the outdoors amid mature greenery. A welcoming front courtyard and solar panels add to the property's appeal. With parks, scenic trails, highly regarded schools, the Bay Club, and the shopping and dining of Del Mar Highlands Town Center and One Paseo nearby, the home offers an appealing blend of comfort, recreation, and convenience.

Mortgage Calculator

Est. Monthly Payment

$15,714

Principal & Interest$12,750
Property Tax$2,295
Insurance$669
%($459,000)
%
Loan Term

Location

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Investment Score

0D
Est. Monthly Rent
$5,681

9 leases of 2–4 bed houses within 0.5 mi · $5,213–$6,274

Blended 50/50 with the zip's market median ($5,505)

Monthly Cashflow

Rent − PITIA

-$10,033
Full Cashflow

Incl. vacancy, PM, maint, capex

-$13,252

What would make this work?

$13,252/mo short at 20% down; +$17,210/mo rent closes it.

Break-even price

75% under asking

$569,564
Break-even rent

$17,210/mo above the estimate

$22,891/mo
Cashflow at 35% down
−$10,861/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)
$12,750
Cap Rate
-0.11%
Cash-on-Cash
-34.65%
DSCR

Need ≥ 1.25 for DSCR loan

0.36

NOI (Annual)
-$2,617
Price-to-Rent

Lower = better for investors

33.7

* Modelled at 20% down, 7.43% 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−$13,252/mo